Hilco Real Estate

What Hilco Real Estate does

Hilco Real Estate is a U.S.-based commercial real estate advisory, valuation, and capital deployment practice operating as a division of Hilco Global, which is owned by ORIX Corporation USA. Headquartered in Northbrook, Illinois, the firm delivers fully integrated real estate solutions across two pillars: capital solutions (balance-sheet investing via Hilco Real Estate Capital (HREC), asset monetization, and capital deployment) and professional services (brokerage, appraisal, asset management, lease advisory, and receivership/fiduciary services). Its core clients are corporations, REITs, financial and turnaround advisors, and lenders seeking real estate repositioning during restructurings, distressed events, or transitional asset situations, as well as retail, restaurant, and entertainment tenants seeking lease restructuring or optimization.

The firm operates six core service lines: Real Estate Brokerage (valuation and monetization of owned and leased properties), Real Estate Capital (HREC, an opportunistic credit platform lending across the capital stack for transitional assets in the U.S. and Canada), Real Estate Appraisal (fee-owned and leasehold valuation, cost segregation, tax appeals), Real Estate Asset Management (customized strategic plans for investors, corporations, landlords, REITs, and lenders), Real Estate Lease Advisory (commercial lease repositioning for all property categories), and Receivership & Fiduciary Services (court-appointed estate management). An affiliate of Hilco Real Estate LLC also provides external management services to the Copper Property CTL Pass Through Trust, which owns 160 retail properties and 6 warehouse distribution centers acquired through J.C. Penney's Chapter 11 reorganization. There is no proprietary technology platform; the practice is built on professional expertise, capital, and the broader Hilco Global and ORIX institutional relationships.

Revenue is generated primarily through fee-based professional services engagements (brokerage, appraisal, advisory, lease restructuring, asset management) plus balance-sheet lending and investment activity through HREC. Pricing is not publicly disclosed and is negotiated per mandate. The go-to-market is enterprise field sales targeting corporations, REITs, lenders, and turnaround advisors, supplemented by referral networks (ICSC, TMA, ABI) and content marketing via Hilco Global's Smarter Perspectives editorial platform. The firm's international footprint, including Real Estate Finance UK, Hilco Valuation Services Europe, and offices across Asia Pacific and Latin America, supports cross-border mandate execution.

Name

Hilco Real Estate

Legal name

Hilco Trading, LLC

Website

https://hilcorealestate.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

Hilco Real Estate, a division of Hilco Global (owned by ORIX Corporation USA), provides integrated commercial real estate advisory, valuation, brokerage, lease restructuring, receivership, and balance-sheet lending services to corporations, REITs, lenders, and distressed retail and restaurant tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Nonresidential Property Managers (531312), Offices of Real Estate Agents and Brokers (5312), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)

akta.pro secondary industries

Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF), Real Estate Debt & Mortgage Strategies (FSAAAKAC)

Keywords

• Commercial real estate brokerage
• Real estate capital solutions
• Lease advisory services
• Real estate asset management
• Receivership fiduciary services

Headquarters

HQ city

Northbrook

HQ country

United States

HQ region

North America

Offices24 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Real Estate Brokerage and Monetization: Accurate valuation of real estate assets and monetizing that value within an efficient timeframe for owned and leased properties.
2. Capital Deployment and Real Estate Capital (HREC): Hilco Real Estate Capital (HREC) provides opportunistic, flexible financing solutions for transitional assets across the U.S. and Canada, lending across the capital stack with balance sheet investing.
3. Asset Management: Developing and implementing customized strategic plans that optimize value for investors, corporations, landlords, REITs, financial/investment/turnaround advisors, and lenders.
4. External Management Services: Hilco Real Estate LLC affiliate provides external management services to the Copper Property CTL Pass Through Trust, managing J.C. Penney retail properties acquired through Chapter 11.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Hilco Real Estate delivers fully integrated real estate solutions combining capital solutions (balance sheet investing, asset monetization, capital deployment) and professional services (valuation, advisory, brokerage, asset management, lease advisory, receivership). The firm serves corporations, REITs, financial/investment/turnaround advisors, and lenders with customized strategic plans to optimize, monetize, restructure, or exit owned and leased real estate assets across commercial, industrial, retail, and alternative asset categories.

Product overview

Hilco Real Estate delivers fully integrated real estate solutions as part of Hilco Global, combining capital solutions and professional services to support transactions, optimization, restructuring, and long-term value creation. The offering consists of six core services: Real Estate Brokerage (valuation and monetization of properties), Real Estate Capital (opportunistic financing for transitional assets), Real Estate Appraisal (valuation services), Real Estate Asset Management (strategic plans for investors and corporations), Real Estate Lease Advisory (lease restructuring and repositioning), and Receivership & Fiduciary Services. The services are delivered by a team with deep expertise across commercial, industrial, retail, and alternative assets.

Differentiator

Problem solved

Functional benefit

Brands

• Hilco Real Estate Capital (HREC): Real estate credit platform providing opportunistic, flexible financing solutions for transitional assets across the U.S. and Canada.

Products and services

• Real Estate Brokerage Provides accurate valuation of real estate assets and monetizes that value within an efficient time frame, offering a unique and targeted approach to maximize the value of all types of owned and leased properties for investors, corporations, landlords, REITs, and lenders.
• Real Estate Capital (HREC) Hilco Real Estate Capital (HREC) is a real estate credit platform providing opportunistic, flexible financing solutions for transitional assets across the U.S. and Canada, lending across the capital stack for value-add, opportunistic, and distressed situations.
• Real Estate Appraisal Provides fee-owned and leasehold valuation services, cost segregation analysis, and tax appeal services, conducted by a seasoned staff of real estate analysts and appraisers.
• Real Estate Asset Management Develops and implements customized strategic plans that optimize value for investors, corporations, landlords, REITs, financial/investment/turnaround advisors, and lenders.
• Real Estate Lease Advisory Specializes in commercial lease repositioning for all property categories, incorporating strategic consulting and mitigation of leasehold obligations for companies in transition or at all stages of financial health.
• Receivership & Fiduciary Services Works hand-in-hand with state and local agencies, operators, property managers, and leasing teams to maintain and improve the value of a receivership estate as an agent of the court.

Quantifiable outcome

• Over $168 million in portfolio liquidation proceeds for 99 Cents
• +3 more outcomes

Named customers20 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

Partnerships

Three partnerships are on record, tiered minor and core.

• Onyx Partners, Ltd.minorStrategic or Co-development Partner · 6 December 2025Onyx Partners, Ltd. was the intended buyer of 119 JCPenney stores from the Copper Property CTL Pass Through Trust in a proposed $947 million transaction. The deal, formed during JCPenney's 2020 bankruptcy and announced in July 2025, did not close by the deadline of December 26, 2025, despite the buyer completing due diligence and placing a non-refundable deposit.
• GLAS Trust Company LLCcoreStrategic or Co-development PartnerGLAS Trust Company LLC serves as the Trustee for the Copper Property CTL Pass Through Trust, which owns 160 retail properties and 6 warehouse distribution centers acquired from J.C. Penney's Chapter 11 reorganization. An affiliate of Hilco Real Estate LLC provides external management services to the Trust, while GLAS Trust Company acts as the institutional trustee.
• Copper Property CTL Pass Through TrustcoreStrategic or Co-development PartnerHilco Real Estate LLC provides external management services to the Copper Property CTL Pass Through Trust. The Trust was established to acquire, own, lease, and sell 160 retail properties and 6 warehouse distribution centers from J.C. Penney as part of its Chapter 11 plan of reorganization. The goal is to sell these properties to third-party purchasers.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Group: The world's largest commercial real estate services firm offering brokerage, valuation, asset management, and capital markets. Highly comparable to Hilco Real Estate across the advisory and capital solutions stack, though significantly larger and broader in scope.
• JLL (Jones Lang LaSalle): Global real estate services and investment management firm with overlapping capabilities in brokerage, valuation, asset management, and capital markets. Competes directly for enterprise and investor mandates.
• Cushman & Wakefield: Global commercial real estate services firm providing brokerage, valuation, and asset management. Comparable in service breadth and enterprise client base to Hilco Real Estate's professional services practice.
• Kennedy Wilson: Global real estate investment and services firm combining investment management with property services. Comparable on the capital + asset management axis to HREC and Hilco's asset management practice.
• FTI Consulting (Real Estate Solutions): Global consulting firm with a real estate solutions practice serving restructuring, litigation, and valuation needs. Comparable to Hilco's distressed and turnaround-adjacent engagements.

Direct peers

• Newmark Group: Commercial real estate services and investment banking platform with strong presence in distressed CRE, valuation, and capital markets. Highly comparable to Hilco's integrated capital + advisory model.
• A&G Real Estate Partners: Specialist real estate advisory firm focused on lease restructuring, store closure programs, and rent optimization for retail and restaurant tenants. A direct peer to Hilco's Real Estate Lease Advisory practice.
• Eastdil Secured: Private commercial real estate investment banking platform specializing in capital markets, debt, and equity placements for institutional clients. Comparable to Hilco Real Estate Capital (HREC) and the firm's capital deployment practice.
• B. Riley Real Estate (B. Riley Financial): Diversified financial services platform with real estate advisory and restructuring capabilities serving distressed and special-situations clients. Comparable given Hilco's focus on receivership and turnaround-adjacent mandates.
• Situs RERC (SitusAMC): Real estate valuation, consulting, and advisory firm serving financial institutions and investors. Comparable in appraisal/valuation depth and institutional client base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hilcorealestate
• Facebookfacebook.com/HilcoGlobal
• LinkedInlinkedin.com/company/hilcoglobal
• Instagraminstagram.com/hilcoglobal

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries12 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 Hilco Real Estate