Our Services
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Acquisitions
Hidrock’s strategy is to concentrate on mature markets in and around major metropolitan areas such as New York City and South Florida. This local focus and presence has produced strong relationships with owners and brokers, ensuring that Hidrock sees virtually all available properties, whether listed or “off market”. It also gives Hidrock a deep understanding of the historic and emerging trends in these local submarkets. Being owneroperators as well as developers, Hidrock maintains relationships with elected officials, and has firsthand knowledge of all segments of the market, providing for accurate underwriting of various scenarios and business plans for each potential acquisition. Hidrock’s staff has the knowledge and experience to conduct a careful, meticulous and efficient due diligence process to ensure that each asset is fully vetted both financially and physically.
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Capital Markets
Over the years, Hidrock has completed transactions with private and institutional lenders and investors from around the globe. A history of delivering above market returns, as well as treating lenders and partners with professionalism and respect, have resulted in relationships that allow Hidrock to close on acquisitions, recapitalizations and financings quickly and reliably, often at the most favorable terms available on the market.
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Development and Construction
Hidrock believes that the best development opportunities are found in prime locations with exceptional visibility. By building projects in such locations with the objective of longer term ownership, Hidrock is driven to consistently deliver the highest level of quality with a focus on operating efficiencies for every property sector. Experience in planning and construction along with the selection of the right architects, engineers and contractors are key factors in completing projects on-time and on-budget. Attention to detail, tenacious follow-up, daily on-site presence and a comprehensive team strategy comprise Hidrock’s approach.
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Operations and Asset Management
One of Hidrock’s primary management beliefs is that ongoing preventive maintenance and proactive cost saving ideas are the key to being a successful owner and manager. This strategy, combined with its focus on service, and professionalism has enabled Hidrock to consistently outperform its competition in terms of increasing revenue and decreasing operating costs. By taking a macro look at an asset, alongside the national and global economy, Hidrock strives to “think outside the box” and anticipate positive and negative currents and trends. Decisions to sell, refinance, undertake a major capital project or to reposition a portion or even the entire building are alternatives that are constantly being considered and evaluated as market conditions change.