CHICAGO—Hunt Investment Management, a subsidiary of Hunt Cos. Inc., has acquired a $1.2 billion portfolio of multifamily advisory contracts, with 7,100 apartment units, from the Tuckerman Group.
As part of the transaction, Tuckerman’s six-member management team and five additional staff members have joined Hunt Investment Management. The acquisition expands Hunt’s investment management platform, which now serves 72 institutional clients invested in multifamily and commercial real estate as well as energy and infrastructure related investments. Tuckerman portfolios include value-add and development apartment funds, a core-plus separate account and an affordable housing mortgage fund.
Chris Hunt, Hunt chief investment officer, said in a statement that the portfolio is very complementary to the company’s current platform. “Given strong demand in the multifamily sector, we plan to expand our activities in providing our investors more opportunities in apartment development in favorable markets with solid growth trends,” he said.