HLC Equity Bulks Up Acquisition Capabilities With New Hire
HLC Equity has hired Andrew Levin as director of acquisitions to lead the company’s investment and acquisition efforts nationwide.
NEW YORK CITY- HLC Equity has hired Andrew Levin as director of acquisitions to lead the company’s investment and acquisition efforts nationwide.
Previously, Levin was director of real estate partnerships at Ollie, the co-living company. Prior to Ollie, Levin worked at Ackman Ziff in Capital Markets, and at Barclay’s Capital as vice president of institutional equity sales. Levin will work out of HLC’s New York City office, heading the firm’s national investment platform, with a specific focus on expanding the company’s multifamily investment platform in focus states that include Texas, Colorado, Pennsylvania and New York. The company’s current investment strategy primarily focuses on investing in core plus, value add and unique situational multifamily assets.
Additionally, Levin will work with the HLC executive team in expanding the Layers brand, a flexible living operating business that offers conventional and serviced apartment communities with a tailored membership.
HLC plans to continue acquiring multifamily assets while operating the Layers brand on its own properties, and also offer to operate its unique hybrid business model on other owners’ properties as well.
“We are excited to welcome Andy aboard, and look forward to expanding all aspects of our company’s growth,” Daniel Farber, partner at HLC said in a prepared statement. “Having Andy join in the midst of the coronavirus pandemic is certainly unique timing. Thankfully, being a multi-generational business, our short-term investment outlook is a 30-year horizon, and we expect many opportunities in the coming years and decades.”