US: HLC Equity has appointed Andrew Levin as director of acquisitions to lead the company’s investment and acquisition efforts nationwide.
Additionally, Levin will be working with the HLC Equity executive team in expanding the Layers brand, “a flexible living operating business, which offers conventional and serviced apartments communities with a tailored membership, so that community members receive the perks of modern apartment living with charming hospitality”. HLC Equity says it will 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”.
Levin was previously 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 VP of institutional equity sales. Levin will be based in NYC, and will be heading HLC Equity’s national investment platform, with a specific focus on expanding the company’s multifamily investment platform in states in which the company has been active over the last several years, primarily, Texas, Colorado, Pennsylvania, and New York. The company’s current investment strategy primarily focuses on investing in core plus, value add, and unique situation multifamily assets.
“We are excited to welcome Andy aboard, and look forward to expanding all aspects of our company’s growth,” said Daniel Farber, partner at HLC Equity. “Having Andy join in the midst of the Coronavirus pandemic is certainly unique timing. Thankfully, being a multigenerational business, our short-term investment outlook is a 30-year horizon, and we expect many opportunities in the coming years and decades.”
Levin said: “I am thrilled to be joining the HLC team. The Firm has a rich history of operating and creating value through multiple cycles, providing us a unique perspective as it relates to the current uncertain environment. I look forward to building upon the current foundation and expanding the Firm’s presence and relationships.”
