CHICAGO, June 3, 2024 ~ HRP Group, formerly known as Hilco Redevelopment Partners, has recently announced a name change as part of a rebranding effort. The company, which is a subsidiary of Hilco Global, is preparing for a spinoff from its parent company in the near future.

As a vertically integrated and multi-strategy real estate investment firm, HRP specializes in complex redevelopment projects. Some of their notable projects include Tradepoint Atlantic in Baltimore, The Bellwether District in Philadelphia, 776 Summer Street in Boston, HRP Alexandria outside of DC, and Exchange 55 in Chicago.

Currently operating under the umbrella of Hilco Global, a diversified financial services company, HRP leverages its expertise and proprietary asset knowledge to help companies maximize asset value and return during critical inflection points. The decision to change the name reflects the growth and evolution of the HRP platform as it prepares for its next phase of expansion.

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According to CEO Roberto Perez, "We are eternally grateful to Hilco Global for incubating HRP. Our firm's entrepreneurial and strategic approach directly results from the Hilco Global culture." He also expressed excitement for the company's future plans which involve diversifying their capital base and expanding their investment strategies.

As part of the separation process from Hilco Global, HRP intends to bring in additional equity investors. However, both Hilco Global and its Founder and CEO Jeffrey Hecktman will retain significant ownership interests in HRP post-separation.

"We have had a great partnership with HRP since its formation over a decade ago," said Hecktman. "We have high expectations for the future success of the HRP team and look forward to remaining a part of their journey."

The name change marks an important milestone for HRP as it continues to establish itself as a leading player in the real estate investment industry. With strong support from both its parent company and investors, HRP is well-positioned for continued growth and success in the years to come.

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