Investor Presentaiton
IQHQ
Top 10
Exposures
1.
2.
NexPoint Storage
Partners
NexPoint Homes
3.
NexPoint Real
Estate Finance
4.
EDS Legacy
Partners
5.
9
6.
IQHQ
QuarterNorth
Energy
INVESTMENT BACKGROUND
IQHQ is a private real estate investment trust (REIT) that acquires,
develops, redevelops, and manages life-sciences real estate across
several core-markets. The company was founded by Alan Gold, founder
of several successful life-sciences and healthcare REITS. IQHQ pursues
large format, iconic development, and selective re-development
opportunities within live-work-play clusters in the top life science
markets in the world, including Boston, San Francisco, and San Diego,
as well as Cambridge and London in the U.K. HFRO's investment
includes representation on the board. The life science real estate
market has levels of supply that are not commensurate to the
consistently high levels of demand that the market has experienced for
the past few years. The effects of this supply-demand imbalance may be
evidenced by the historical performance of the life sciences sector in
comparison to the broader REIT market. Life sciences real estate has
been constrained in core markets, such as Boston, San Diego, and San
Francisco, with high occupancy and increasing tenant demand. This high
demand real estate usually lacks price sensitivity resulting from healthy
tenant budgets of which rent typically comprises a very small portion.
INVESTMENT HIGHLIGHTS
Initial Investment
2020
5.31%
$55.6M
% of HFRO
Investment
Investment Type
Industry
Private Equity
Real Estate - Life
Science
7.
8.
9.
NexPoint
Hospitality Trust
CCS Medical
Freddie Mac 21K-
F103
INVESTMENT UPDATE
In 2023, IQHQ has continued to advance construction on 7 projects
spanning 4.8 million square feet (SF) across Boston, San Diego, and the
Bay Area. IQHQ is expected to complete over 2 million SF by the end of
2024, including deliveries at Alewife Park, located in Boston, and RaDD,
located in San Diego. In addition to ongoing development, IQHQ is
pursuing entitlements for additional sites, which will bring the
company's total portfolio to over 12 million SF once fully delivered.
10. Easton Village
Ventures
NOVEMBER 2023
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