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Company History
2002 - High Street Equity Advisors, LLC was founded in Boston, Massachusetts by veterans of the real estate industry who wanted to establish a private equity real estate company that was both entrepreneurial and conservative in its investment approach. With over 100 years of combined real estate investment and management experience, the founders sought to create a conservatively leveraged investment vehicle focused on income, current cash, and capital appreciation, and characterized by capable risk management, an intensive portfolio and asset focus, and committed stewardship.
2003 - High Street completes its first equity raise in December 2003 and launches High Street Real Estate Fund I, a joint venture investment fund focused primarily on institutional quality industrial assets located in the eastern half of the United States. The capital commitments of high Sstret and institutional investors in Fund I totaled $73 million. Selectively targeting industrial assets which presented the opportunity for a significant cash return and appreciation, Fund I acquired 19 properties in 8 markets between March 2004 and November 2005 for an initial purchase price of $213 million.
2005 - High Street completes its second equity raise and launches High Street Real Estate Fund II in December 2005, its second industrial joint venture investment fund. The capital commitments of High Street and institutional investors in Fund II totaled $112 million. Between December 2005 and July 2007, Fund II closed on 27 transactions in 11 markets for an initial purchase price of $344 million.
2007 - High Street, building on its track record established with Funds I and II, launches Fund III, its first fully discretionary fund and third industrial investment fund. The capital commitments of investors in Fund III total $250 million and consist primarily of US and non-US institutional investors. Fund III closed on 53 properties in 9 markets between 2007 and 2012 for an initial purchase price of $380 million.
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