HJH Investments

What HJH Investments does

HJH Investments is a privately held commercial real estate syndication firm founded in 2014 by Cory Harkleroad in Wichita, Kansas. The company identifies, acquires, and manages commercial properties — primarily credit-tenant NNN-leased retail, office, industrial, and flex assets — on behalf of a pool of accredited individual investors who commit a minimum of $100,000 per deal into single-property LLCs in which investors hold B-Units (typically 50% ownership) and HJH holds the A-Unit promote position. As of the most recent disclosures, the portfolio comprises roughly 90–98 properties totaling more than $590M in value, 3M+ square feet under management, 300+ tenants, and a presence in at least 11 U.S. states across the Midwest and Southeast.

Revenue is generated through four streams: per-transaction fees of $25K–$50K at acquisition, recurring management fees based on a percentage of gross rental revenue, 3% syndication fees paid to referring broker-dealers, and a promote / preferred-return waterfall in which investors receive an 8% annual preferred return plus ~2% cash flow quarterly before HJH participates in residual profits. Target returns to investors are 10–12% cash-on-cash with a 15–20% before-tax IRR over a 7–10 year hold. Operations run on AppFolio for property management and investor/tenant portals, supplemented in March 2022 by the HJH REAL Token (HJHRE) — an ERC-style tracking token issued on SushiSwap and UniSwap that is intended to derive its value from the profitability of HJH's underlying real estate portfolio. Distribution relies on direct investor relationships, a CCIM-certified referral partner (Ben Kogut), an in-house podcast, and a partnership with Exeter Trust Company enabling self-directed IRA and 1031-exchange capital to flow into HJH offerings.

Name

HJH Investments

Legal name

HJH Investments

Website

https://hjhinvestments.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

HJH Investments is a private commercial real estate syndication firm founded in 2014 in Wichita, Kansas that sources, acquires, and manages NNN-leased retail, office, industrial, and flex properties on behalf of accredited individual investors, with a 90+ property portfolio exceeding $590M in value across 11+ U.S. states.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Syndication

NAICS

Investment Banking and Securities Intermediation (52315)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)

Keywords

• Commercial real estate syndication
• Accredited investor services
• Triple net leased properties
• Real estate portfolio management
• Passive commercial property investment

Headquarters

HQ city

Wichita

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Transaction Fees: Typically $25,000 to $50,000 per transaction depending on size and complexity. Paid when the targeted property is acquired based on percentage of transaction costs.
2. Management Fees: Typically based upon a percentage of gross revenue on a yearly basis. Collected from rental income, maintaining properties, paying insurance, taxes and making repairs.
3. Syndication Fees: Broker commissions of 3.0% of the amount of money raised pays broker dealers who refer capital. Additional fees for due diligence, legal work, and closing costs.
4. Preferred Return Distribution: 8% annual preferred return paid monthly to investors before non-capital investors receive returns. Additionally approximately 2% annual cash flow return paid quarterly based on ownership percentage.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

HJH Investments syndicates commercial real estate deals—primarily triple-net leased retail and service properties—for accredited individual investors. Investors can participate through special-purpose LLC/SPV equity raises with a $100,000 minimum, receiving preferred returns and ongoing cash flow distributions. The firm also offers the HJH REAL Token, a digital security token providing fractional exposure and enhanced liquidity for accredited investors.

Product overview

HJH Investments operates as a boutique commercial real estate investment company offering a unified syndication platform for accredited investors. The core offering is Commercial Real Estate Syndication, where investors pool capital to acquire and own commercial properties. The company also offers the HJH REAL Token (launched March 2022), a cryptocurrency tracking token that derives value from the real estate portfolio's profitability. Services include retail space leasing and management of a diversified property portfolio spanning retail centers, office buildings, industrial buildings, and flex properties across Midwestern and Southeastern U.S. markets. The company distributes monthly dividends to investors and provides quarterly portfolio updates.

Differentiator

Problem solved

Functional benefit

Brands

• HJH REAL Token: A revolutionary tracking token designed to track and derive its value from the profitability of HJH Investments' real estate portfolio. Launched on SushiSwap and Uniswap in March 2022 with approximately 400 million coins in circulation and a maximum supply of 1.2 billion units.

Products and services

• Commercial Real Estate Syndication Pooled equity investments in specific commercial real estate assets structured through single-asset LLCs or SPVs. Targeted at accredited investors with a $100,000 minimum, offering 8% preferred return plus 2% cash flow split, with monthly distributions.
• HJH REAL Token A proprietary security token providing accredited investors with fractional, transferable exposure to HJH's commercial real estate portfolio. Available through approved wallet connections, it offers an alternative entry point beyond traditional LLC equity raises and adds liquidity to the underlying investments.
• Property Management Services Full-service property management for the firm's commercial portfolio, handling tenant relations, rent collection, maintenance coordination, and financial reporting through AppFolio-based systems. Services are provided to both HJH-owned assets and select third-party owners.
• Investment Portfolio Reporting & Investor Portal An online investor portal providing deal listings, subscription document signing, portfolio tracking, distribution history, K-1 access, and tax documents for all active and historical HJH investments.

Quantifiable outcome

• 10-12% annual return on investor money (cash flow only, excluding exit proceeds)
• +4 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• CrowdStreet: Online commercial real estate investment platform that allows accredited investors to review, evaluate, and invest in individual CRE deals — a near-direct analog to HJH's deal-by-deal syndication model, though CrowdStreet operates as a marketplace rather than a single sponsor.
• EquityMultiple: CRE investing platform serving accredited investors with diversified single-property, portfolio, and note offerings. Comparable to HJH in investor segmentation, minimum ticket sizes, and focus on stabilized, cash-flowing commercial assets.
• RealtyMogul: CRE platform offering individual property and REIT-style investments to accredited investors. Comparable to HJH in intermediating sponsor-led deals to high-net-worth individuals, with similar emphasis on retail, office, and multifamily assets.
• Yieldstreet: Alternative-investments platform that includes CRE among its core verticals (real estate equity, debt, and structured notes) for accredited investors. Comparable to HJH in deploying accredited capital into commercial real estate offerings on a deal-by-deal basis.
• Passco Companies: Private CRE sponsor that acquires and manages institutional-quality multifamily, office, industrial, and retail properties, frequently syndicating equity to high-net-worth investors. Closely comparable to HJH in business model — sponsor-led acquisitions, accredited-investor capital partners, and ongoing asset management.
• Gelt Venture Partners: Boutique commercial real estate investment firm that syndicates value-add and stabilized deals to accredited investors. Comparable to HJH in sponsor size, deal structure, accredited-investor focus, and reliance on disciplined value-oriented underwriting.

Broad incumbents

• Fundrise: Larger real-estate investment platform with both accredited and non-accredited products and a significantly bigger AUM base than HJH. Comparable as a sponsor-led CRE platform, though Fundrise operates eREITs and interval funds rather than single-deal syndications.

Emerging players

• PeerStreet: Real estate investment platform historically focused on short-duration debt products and now expanding into equity offerings. Comparable to HJH in serving accredited investors seeking CRE exposure, but with a different risk/return profile (debt-led).
• Arrived Homes: Single-family rental investment platform that allows individuals to buy fractional shares of individual rental properties. Comparable to HJH as a tech-enabled sponsor serving individual investors, though Arrived is residential-focused and at smaller average ticket sizes.

Others

• Roofstock: Marketplace for buying and selling single-family rental properties, with an affiliated investment product. Adjacent to HJH's franchise — both target individual investors seeking real estate exposure — but Roofstock is SFR-only and operates a marketplace rather than a sponsor model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/realestatenicheshow
• LinkedInlinkedin.com/in/benkogut
• Instagraminstagram.com/benkogut

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HJH Investments