Second Horizon Capital
- Company typePrivate
- Founded2021
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Second Horizon Capital firmographics
Firmographics- Name
- Second Horizon Capital
- Legal name
- 2HC MGMT CO LLC
- Website
- https://secondhorizon.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where Second Horizon Capital is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Second Horizon Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Others
Revenue model
- Real Estate Investment Returns: Second Horizon Capital generates returns through appreciation of acquired underinvested retail properties, rental income from tenants, and value creation from community-focused revitalization efforts.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
Second Horizon Capital product offering
Product offeringCore offering
Second Horizon Capital is an impact investment firm that acquires, invests in, and revitalizes large-scale, underinvested commercial retail properties (Class B shopping centers and malls) into community destinations and local economic engines. The firm deploys targeted capital improvements, engages third-party operators for leasing and management, and partners with municipalities and community organizations to drive tenant performance and foot traffic. Returns are generated through property appreciation, rental income, and value creation from community-focused repositioning across a portfolio of seven retail centers in six U.S. states.
Product overview
Second Horizon Capital is an impact investment firm that operates as a single unified investment platform focused on acquiring, revitalizing, and managing large-scale underinvested commercial properties. The firm's portfolio consists of retail shopping centers across the United States that are transformed into vibrant community destinations and local economic engines. The portfolio includes seven properties: Stony Point Fashion Park (Virginia), Kingston Collection (Massachusetts), Park Plaza Mall (Arkansas), Chicago Ridge Mall (Illinois), Layton Hills Mall (Utah), Orange Park Mall (Florida), and Melbourne Square (Florida). The firm's investment strategy centers on targeted capital investment, active property operations, community engagement, and long-term stewardship, with properties managed through third-party partners including CBRE, JLL, and Spinoso Real Estate Group.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Property Investment and Revitalization Acquires, invests in, and transforms large-scale underinvested commercial retail properties into vibrant community destinations and local economic engines through targeted capital investment, active operations, and community engagement. Designed for institutional and individual investors seeking impact-aligned real estate exposure.
- Kingston Collection 473,000 square-foot retail shopping center located in Kingston, Massachusetts, acquired in July 2023 and managed by Spinoso Real Estate Group. Acquired as part of Second Horizon's portfolio expansion to transform challenged commercial real estate projects into community hubs.
- Park Plaza Mall 268,000 square-foot retail space in the Midtown neighborhood of Little Rock, Arkansas, acquired in March 2023. Revitalized with $25.2 million of investment and stabilized at 90% occupancy following acquisition. Property management and leasing handled by JLL.
- Chicago Ridge Mall 592,000 square-foot retail center in Chicago Ridge, Illinois, serving more than 7 million annual visits with a trade area of over 700,000 people. IREM Certified Sustainable Property. Leasing and management handled by JLL.
- Layton Hills Mall 597,262 square-foot retail center in Layton, Utah, anchored by Dillard's, JCPenney, Dick's Sporting Goods, and Cinemark. IREM Certified Sustainable Property. Leasing and management handled by CBRE.
- Orange Park Mall 950,000 square-foot retail center located at 1910 Wells Road in Orange Park, Florida (Clay County, Jacksonville metropolitan area). IREM Certified Sustainable Property. Leasing and management handled by CBRE.
- Melbourne Square 710,000 square-foot retail center at 1700 W. New Haven Ave. in Melbourne, Florida, serving Melbourne, Palm Bay, and Titusville communities along Florida's Space Coast. Leasing and management handled by CBRE.
Quantifiable outcome
- IREM Certified Sustainable Property designation achieved for Chicago Ridge Mall, Layton Hills Mall, Orange Park Mall, and Park Plaza Mall
- +3 more outcomes
Companies that use Second Horizon Capital
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Second Horizon Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Second Horizon Capital partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered minor and core.
- Knight FrankminorProperty consultancy advising landlord Second Horizon on a 10-year lease transaction for 4,181 sq ft of office space at Anchor Court in Cardiff.
- CBREcoreCBRE provides property management and leasing services for Melbourne Square in Melbourne, Florida. CBRE has extensive experience overseeing dynamic retail centers nationwide and strong presence throughout Florida.
- CBREcoreCBRE provides property management and leasing services for Orange Park Mall. CBRE is the largest global commercial real estate firm with extensive experience overseeing dynamic retail centers nationwide and strong local presence in the greater Jacksonville area.
- CBREcoreCBRE provides ongoing property management and leasing services for Layton Hills Mall. The largest global commercial real estate firm with extensive experience overseeing dynamic retail centers nationwide and deep local presence in the greater Salt Lake City market.
- Operation HerocoreUtah-based nonprofit community partner at Layton Hills Mall that honors fallen service members, focusing on connectivity with local veteran communities.
- JLLcoreJLL provides ongoing property management and leasing services for Chicago Ridge Mall. One of North America's largest retail property management companies with extensive experience overseeing dynamic retail centers nationwide.
- Spinoso Real Estate GroupcoreSpinoso Real Estate Group provides ongoing property management and leasing services for Kingston Collection in Kingston, Massachusetts.
- JLLcoreJLL provides ongoing property management and leasing services for Park Plaza Mall in Little Rock, Arkansas. One of North America's largest retail property management companies with extensive experience overseeing dynamic retail centers nationwide.
- Central Arkansas Library SystemcoreCommunity partner at Park Plaza Mall running family-focused events including story times, craft activities, and bookmobile visits throughout the year.
- CHI St. Vincent InfirmarycoreHealthcare system community partner at Park Plaza Mall providing community health events and programming.
- Arkansas Food BankcoreCommunity partner at Park Plaza Mall that conducted food giveaway following March 31 tornado.
- Arkansas Blood InstitutecoreCommunity partner at Park Plaza Mall conducting blood drives.
- Little Rock Regional ChambercoreCommunity partner at Park Plaza Mall, hosting events including pep rallies for Arkansas Razorbacks.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Second Horizon Capital competitors and assessment
Company assessmentBroad incumbents
- Kimco Realty: Largest publicly traded open-air shopping center REIT in North America. Directly comparable asset class and tenant base; broader incumbent with public-market cost-of-capital advantages over Second Horizon.
- Macerich: NYSE-listed REIT that owns and operates major U.S. malls. Operates in the same asset class as Second Horizon and competes for both retail tenant relationships and distressed mall acquisition opportunities.
- Kite Realty Group: NYSE-listed open-air shopping center REIT focused on top U.S. growth markets. Competes with Second Horizon for retail tenant relationships and runs a comparable value-add repositioning playbook at meaningfully larger scale.
- Brixmor Property Group: NYSE-listed open-air shopping center REIT (~$8B AUM) that owns and operates a national portfolio of community and neighborhood centers. Operates in the same asset class as Second Horizon but at much greater scale with public-market capital access.
- Simon Property Group: Largest U.S. REIT and dominant owner of enclosed malls, premium outlets, and lifestyle centers. Sets competitive benchmarks for Second Horizon's mall assets and competes for both distressed acquisitions and national retail tenants.
- Phillips Edison & Company: NASDAQ-listed grocery-anchored shopping center REIT with a national portfolio. Comparable in tenant mix (community-serving retailers) and neighborhood-retail focus, though larger and publicly traded.
- PREIT: NYSE-listed mall-focused REIT that has been actively repositioning its portfolio of Class A and B malls. Highly comparable in target asset class and revitalization strategy, though PREIT operates at public-company scale.
Direct peers
- Pine Tree Commercial Realty: Privately held retail real estate firm specializing in the acquisition, redevelopment, and management of open-air shopping centers and malls. Comparable to Second Horizon in target asset class, value-add operating approach, and private investor base.
- Asana Partners: Charlotte-based private real-estate investment manager that acquires, repositions, and operates neighborhood and community retail centers across the U.S. Highly comparable in strategy (revitalizing underinvested retail), scale, and fund structure to Second Horizon Capital.
- Centennial Real Estate Company: Texas-based owner-operator of retail real estate, including distressed and value-add mall assets. Directly comparable given overlapping retail revitalization strategy; Gregory T. Maloney (now Second Horizon's Senior Advisor) most recently served as its Chief Strategy Officer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Second Horizon Capital social profiles
Digital presenceSecond Horizon Capital compliance and trust
Trust signalCompliance6 records
Second Horizon Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Second Horizon Capital leadership team
Management profileNumber of profiles
Profiles4 records
Second Horizon Capital funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Second Horizon Capital M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Second Horizon Capital
What does Second Horizon Capital do?
Second Horizon Capital is an impact investment firm that acquires, invests in, and revitalizes large-scale, underinvested commercial retail properties (Class B shopping centers and malls) into community destinations and local economic engines. The firm deploys targeted capital improvements, engages third-party operators for leasing and management, and partners with municipalities and community organizations to drive tenant performance and foot traffic. Returns are generated through property appreciation, rental income, and value creation from community-focused repositioning across a portfolio of seven retail centers in six U.S. states.
Is Second Horizon Capital a public or private company?
Second Horizon Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Second Horizon Capital founded?
Second Horizon Capital was founded in 2021. It employs 11 to 50 people.
Where is Second Horizon Capital based?
Second Horizon Capital is headquartered in San Francisco, United States, in the North America region.
How does Second Horizon Capital make money?
One revenue line is on record: real Estate Investment Returns.
Who are Second Horizon Capital's main competitors?
Broad incumbents on record are Kimco Realty, Macerich, Kite Realty Group, Brixmor Property Group, Simon Property Group, Phillips Edison & Company and PREIT. Direct peers are Pine Tree Commercial Realty, Asana Partners and Centennial Real Estate Company.
Does Second Horizon Capital have an API?
No public API is recorded for Second Horizon Capital.