Special Opportunity Fund

The Special Opportunity Fund (SOF) is appropriately named, as the asset mix of the fund portfolio differs from that of our main fund strategy (Fund I and Fund II) where 75% is allocated to multifamily assets and 25% is reserved for gas station/truck stop assets. Our SOF offered the inverse ratio with 75% reserved for gas station/truck stop assets and the remaining 25% for multifamily. 

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The purpose of this unique asset mix was to accomplish the fund's primary objective: maximum first-year depreciation loss benefit. Working with our third-party cost segregation partners, HIG was pleased to deliver 238% first year depreciation loss benefit. Secondarily, and similar to other existing funds, the fund's other objective is growth of investor capital which is achieved mostly through the multifamily portfolio and our value-add strategy.

SOF is closed to additional investor capital.