HOUSTON, Texas (January 31, 2017) — Houston-based private equity investment firm Lionstone Investments is pleased to announce the final closing of the Lionstone U.S. Value-Add Four (LVA-Four) fund. The firm raised $450 million across a commingled fund and a co-investment side car.
Lionstone’s value-add program was launched in 2005. Since then, the firm has invested in and advised on over $4 billion of value-add properties on behalf of university endowments, foundations, family offices, and large public and corporate pension plans.
The fund has acquired three properties to date, beginning with the September 2015 purchase of GreenStreet, a mixed-use development in downtown Houston. Atlanta’s Colony Square was added in late 2015, and most recently 110 Atrium, an office building located in CBD Bellevue, Washington was acquired.
“This fund prioritizes high-quality office, retail, and mixed-use assets where Lionstone can create value at the property level through improvements in property occupancy and income,” states Bryan Sanchez, Lionstone’s Chief Investment Officer. “Applying our proprietary data analytics to identify attractive assets, we believe we can create outsized rental growth and property appreciation.”
Founded in 2001, Lionstone Investments provides a data-driven investment approach to real estate in the U.S. using proprietary investment analytics to better identify opportunities and risk. Lionstone’s cycle-tested investment strategy and disciplined team have a proven track record of generating attractive risk-adjusted returns for its investors. The Lionstone team works to effectively communicate and provide transparency to its investors in order to cultivate and grow long-term relationships.