HP Investors

What HP Investors does

HP Investors is a privately held real estate investment and management firm founded in 2010 by Sumeet and Harki Parekh. The firm acquires, develops, and manages commercial properties — including retail centers, office buildings, mixed-use districts, multifamily and workforce housing, and hospitality assets — in high-barrier-to-entry markets along the U.S. West Coast, with a primary focus on San Diego and Los Angeles Counties and select exposure to Portland and historically Northern California. Its ~$1B portfolio comprises 80+ assets acquired since inception, including signature holdings such as the Makers Quarter mixed-use redevelopment in San Diego's East Village (a six-block L2HP joint venture with Lankford & Associates and Hensel Phelps), Gaslamp Square, the 294,428 SF Gateway at Kearny Mesa retail portfolio, the 211-room Sofia Hotel, the workforce housing Symphony at Del Sur (via ground lease with Affirmed Housing), and the recently opened RESET Hotel Joshua Tree.

The firm makes money through three principal streams: recurring rental income from leased commercial space (the dominant stream, classified as subscription-recurring), gains from property acquisition, development, and eventual sale (one-time license-type economics), and long-term ground-lease arrangements where HP Investors retains land ownership while partners develop or operate on the site. Distribution is direct-to-counterparty: HP Investors sources deals through proprietary market research and deep local relationships in its target submarkets, structures transactions via joint ventures with developers and equity partners (including Clarion Partners, Goldman Sachs, and Foulger-Pratt), and leases stabilized assets directly to commercial tenants. Its customer base is correspondingly two-sided: commercial tenants (retail, office, hospitality, F&B operators) as occupiers, and institutional and individual investors as capital partners in joint ventures.

In 2024 the firm spun off its Northern California operations into the Lakeside Group led by partner Isaac Abid, refocusing the parent on Southern California where multiple projects are planned or in development. The firm operates from its Solana Beach headquarters and a Los Angeles regional office in El Segundo, with a small workforce of roughly 15-20 employees and no disclosed external institutional funding rounds.

Name

HP Investors

Legal name

HP Investors LLC

Website

https://hpinvestors.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

HP Investors is a private real estate investment and management firm that acquires, develops, and manages commercial properties in high-barrier West Coast markets, primarily San Diego and Los Angeles, operating a ~$1B portfolio of 80+ assets.

Ownership category

akta.pro rank

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Rental income: Revenue generated from leasing commercial properties including retail, office, mixed-use, and hospitality spaces to tenants
2. Property development and sale: Acquisition and development of properties with profits realized through appreciation, redevelopment, and eventual sale
3. Ground lease arrangements: Long-term ground leases where HP Investors retains land ownership while tenants develop or operate on the property

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

HP Investors is a real estate investment and management firm that acquires, develops, and manages commercial properties — including retail, office, mixed-use, multifamily, and hospitality assets — in high-barrier-to-entry markets along the U.S. West Coast. The firm sources and executes deals through deep local relationships, joint ventures with developers, ground lease structures, and partnerships with institutional capital providers. It also operates select owned hospitality assets such as the RESET Hotel Joshua Tree boutique hotel and The Sofia Hotel.

Product overview

HP Investors is a real estate investment and management firm offering acquisition, development, and management of commercial properties across the U.S. West Coast. The firm's portfolio includes retail centers, office buildings, mixed-use developments, multifamily properties, and hospitality assets. Key properties include the RESET Hotel Joshua Tree boutique hotel, The Sofia Hotel, Gaslamp Square retail property, Makers Quarter mixed-use redevelopment project, and Gateway at Kearny Mesa retail portfolio. The firm operates through its San Diego headquarters with additional offices in Los Angeles and Oakland, managing a portfolio valued at approximately $1 billion.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Investment Acquisition, development, and management of commercial properties in high-barrier-to-entry markets along the U.S. West Coast, covering retail, office, mixed-use, multifamily, and hospitality projects for the firm's own portfolio and joint ventures with capital and development partners.
• Property Management Long-term management and stewardship of HP Investors-owned commercial properties, including office buildings, retail centers, and hospitality assets throughout San Diego and Los Angeles Counties, with leasing operations supported by an online tenant portal.
• RESET Hotel Joshua Tree A 65-room boutique hotel in Twentynine Palms near Joshua Tree National Park, built using modular units on a 180-acre site and offering standard rooms and suites with private patios, fire pits, outdoor soaking tubs, a saltwater pool, spa, and a clubhouse with coworking space. Operated by HP Investors as a wholly-owned hospitality asset under its RESET sub-brand.
• Makers Quarter (Mixed-Use Development) A six-block mixed-use redevelopment project in East Village San Diego developed with co-development partners Lankford & Associates and Hensel Phelps (L2HP), with plans for approximately 979,448 sq ft of office, 140,158 sq ft of retail, and 808 housing units across multiple blocks.
• Gateway at Kearny Mesa (Retail Portfolio) A 294,428 square foot retail portfolio in San Diego's Kearny Mesa submarket anchored by Walmart, LA Fitness, Food 4 Less, McDonald's, and Starbucks, acquired in partnership with Clarion Partners.
• The Sofia Hotel A 211-room luxury boutique hotel in Downtown San Diego near the Gaslamp Quarter, featuring a 24-hour fitness center, valet parking, and food and beverage options; operated by HP Investors as a hospitality asset.
• Gaslamp Square A 54,773 square foot retail property in the Gaslamp Quarter of Downtown San Diego, acquired as a joint investment with Clarion Partners and leased to retail tenants including Sketchers, It'Sugar, Bank of America, CVS, and Quiksilver.
• Symphony at Del Sur (Workforce Housing) A workforce housing development in San Diego's Del Sur neighborhood comprising 171 apartments for households earning 30-80% of area median income plus 8,768 square feet of commercial retail space, developed with Affirmed Housing on a long-term ground lease from HP Investors.

Quantifiable outcome

• $1 billion portfolio value achieved since founding in 2010
• +1 more outcomes

Named customers25 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core, major and minor.

• Lankford & AssociatescoreStrategic or Co-development PartnerCo-development partner in Makers Quarter project in East Village San Diego. L2HP entity formed with Lankford & Associates and Hensel Phelps for the mixed-use development.
• Hensel PhelpscoreStrategic or Co-development PartnerCo-development partner in Makers Quarter project. Part of L2HP development entity for the six-block mixed-use district.
• Affirmed HousingmajorStrategic or Co-development PartnerGround lease partnership for Symphony at Del Sur project - a $100 million, 171-unit workforce housing development. HP Investors provides the land through long-term ground lease.
• Frontera Real Estate InvestmentsminorStrategic or Co-development PartnerPartnership for $30 million self-storage development next to Mazda dealership in Kearny Mesa.
• Foulger-PrattmajorStrategic or Co-development PartnerJoint venture partner for Makers Quarter Block F mixed-use development including 330+ residential units, 20,000 SF retail, and 50,000 SF office.
• Adam WiningermajorStrategic or Co-development PartnerEntrepreneur partner in RESET hotel development in Twentynine Palms near Joshua Tree National Park.
• Benjamin UyedamajorStrategic or Co-development PartnerLead designer for RESET hotel project. Known for YouTube channel HomeMade Modern with nearly 1.7 million followers.
• Gry SpaceminorStrategic or Co-development PartnerInterior designers for RESET hotel project in Twentynine Palms.
• Isaac AbidmajorStrategic or Co-development PartnerPartner in HP Investors North operations in Bay Area. Isaac Abid has helped grow HP Investors and will lead the spun-off Northern California business (Lakeside Group) in Oakland.
• J Street HospitalityminorStrategic or Co-development PartnerJoint acquisition partner for 705 6th Avenue retail property in Gaslamp District.
• Bosa DevelopmentminorOthersVancouver B.C.-based developer that sold retail/office condominium complex to HP Investors. This was the first ownership change since 2007.
• Punch Bowl SocialmajorChannel Partner/ Reseller/ DistributorNational restaurant/bar/entertainment operator. HP Investors executed lease for The Coliseum property in East Village for Punch Bowl Social to open.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• VICI Properties: Public experiential and hospitality-focused REIT with West Coast assets — comparable to HP Investors' move into hospitality (RESET Hotel Joshua Tree) and mixed-use experiential real estate.
• Clarion Partners: Large institutional real estate investment manager (and an actual co-investor with HP Investors) operating across multiple property types in the U.S. — comparable as a counterparty and as a broader benchmark for institutional commercial real estate execution.
• Unibail-Rodamco-Westfield (Westfield): Global operator of high-profile retail and mixed-use destinations including the Westfield malls in California — comparable in urban retail and mixed-use operating expertise, particularly relevant for the Gaslamp Quarter and East Village positioning.

Direct peers

• Retail Opportunity Investments Corp: Public REIT that acquires, owns, and leases grocery-anchored and necessity-based retail centers on the West Coast — directly comparable to HP Investors' retail-anchored strategy and West Coast geographic concentration.
• Hackman Capital Partners: Private industrial and commercial real estate investment firm focused on acquiring and developing properties across the U.S., with significant West Coast activity — comparable operating model to HP Investors as a private, vertically integrated acquirer/developer.
• Pacific Retail Capital Partners: Private equity firm specializing in retail real estate investment, development, and operating partner assignments across the U.S. — closely comparable as a private retail-focused operator with active asset management.
• Foulger-Pratt: Mid-Atlantic/West Coast real estate developer and JV partner on HP Investors' Makers Quarter Block F — directly comparable as a development partner with vertically integrated commercial and mixed-use capabilities.
• American Assets Trust: Diversified REIT with a major concentration of retail, office, multifamily, and mixed-use assets in San Diego and the West Coast — directly comparable to HP Investors on geography and mixed-use urban strategy.

Regional players

• Westcore Properties: San Diego-headquartered commercial real estate investment and management firm focused on industrial, office, and retail in SoCal/Western U.S. — closely comparable to HP Investors on geography, asset mix, and lean operating model.
• Bosa Development: Vancouver-based commercial and residential developer and prior seller to HP Investors — comparable as a Pacific Coast mixed-use developer with whom HP Investors has transacted.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/hp_investors
• LinkedInlinkedin.com/company/hp-investors
• Instagraminstagram.com/hpinvestors

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 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 HP Investors