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HASTA Strategic Multifamily Fund 2023

$125,000,000

Available as of

October 4, 2024

15.00% IRR / 2.0x

Asset Class

Multifamily

Offering Type

Fund

Strategy

Opportunistic

Equity Offered:

$200,000,000

Availability:

$125,000,000

Minimum:

$250,000

Offering Documents

HASTA Capital is targeting equity commitments from Limited Partners of $250 million to acquire rental multifamily properties in high conviction markets throughout the United States.



HASTA Capital Overview

Mark Hafner (CEO / Co-Founder) and Rodrigo Suarez (COO / Co-Founder) were both formerly principals at Greystar, where they ran all of Greystar's European and Latin American platforms, respectively.

  • Over 50 years of collective specialist experience

  • $1.7B of capitalized value under management

  • 5,000 units under management


Active Managers with Strong Results

HASTA Capital seeks to leverage the advantages of mega funds (experience, investor alignment, flexibility to select markets) and regional operators (hands-on business plan execution, local market knowledge, lower fee leakage) in order to maximize returns to investors.

  • 21.9% increase in Y1 NOI across entire portfolio during first twelve months of takeover

  • Portfolio wide expenses were reduced by 7% in 2022, with insurance seeing a decrease of more than 16%

  • HASTA's hands-on approach, deep bench of specialized experience, and lack of market bias has generated exceptional full cycle returns: 29.9% IRR / 2.20x


Offering Overview

  • The Fund was formed to exclusively acquire existing multifamily assets across the US, providing investors access to the successful strategy HASTA Capital has executed across its other offerings.

  • While long-term fundamentals remain favorable, the Fed's change in monetary policy is causing demand to soften and liquidity to evaporate, providing another window to acquire assets at attractive pricing.

  • The strategy remains consistent with prior investments: invest in research-lead, high conviction multifamily investments, seeking to maximize risk-adjusted returns through market selection, revenue enhancement, expense optimization, and high impact capital improvements.


Sidecar Investment Opportunity

  • Investors currently have the opportunity to invest in the Fund's second investment; The Travis with capacity of up to $30M.

  • The Travis is a 328-unit class A high-rise multifamily asset located in Houston, Texas and completed in 2020. HASTA expects to acquire the asset at ~50% below current replacement costs.

  • Over the anticipated 4-year hold, HASTA is expecting gross returns of 24.1% IRR / 2.27x (levered). These returns assume a sale at 25% below current replacement costs.

Looking for More?

Let's Talk.

If you have questions about our firm or any products offered by our firm, we would love to connect to help you understand why we believe our approach to real estate may benefit you. We look forward to hearing from you. 

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