Leading Brownfield Redevelopment Firm to Scale, Diversify and Launch First Fund Vehicle

HRP Group (HRP), a leading real estate redevelopment firm with $2.6 billion in assets under management, today announced that the group has executed a spinout from former parent company Hilco Global and formalized its transition to a standalone real estate investment platform.

Formed in 2011, HRP is a vertically integrated, multi-strategy real estate investment firm specializing in complex redevelopment projects across the United States. HRP’s owned real estate and development pipeline exceeds 23 million square feet across 2,300 acres in eight major U.S. markets.

HRP’s separation from Hilco Global marks the realization of a strategic plan announced in June 2024. Now a management-led company, HRP plans to expand its opportunistic holdings, launch its first value-add investment fund in late 2025, and continue to organically grow its portfolio of core and core-plus assets.

“This spinout is the next step in HRP’s evolution and will allow us to continue our transformational work at an even greater scale. We are seeing more opportunities than ever that align with our mission and track record of reimagining and repurposing strategic real estate for the future,” said HRP co-founder and CEO, Roberto Perez. “Time and again, we have demonstrated our ability to unlock unrealized potential and achieve value creation for both our investors and the communities in which we work. These principles will continue to be HRP’s driving force.”

HRP’s marquee projects include the conversion of Baltimore’s former Sparrows Point steel mill into Tradepoint Atlantic, a tri-modal logistics hub, and the redevelopment of the former Philadelphia Energy Solutions refinery in South Philadelphia into The Bellwether District, a global industrial and innovation campus. Other notable projects include mixed-use redevelopments at the sites of the former Boston Edison power plant at 776Summer Street in Boston and the former Potomac River Generating Station power plant in Alexandria, Virginia.

Hilco Global Founding Chairman and CEO Jeffrey B. Hecktman will retain his interest in HRP following the spinout through the Hecktman Family Office.

About HRP Group
HRP Group (www.hrpgroup.com) is a vertically integrated, multi-strategy real estate investment company specializing in the transformation of obsolete industrial sites into modern logistics infrastructure, mixed-use destinations, and pioneering innovation hubs. The firm takes a holistic approach to value creation that prioritizes community, environmental, and economic sustainability.