HP Capital Group
HP Capital Group is a private St. Petersburg-based real estate development and private equity partnership that develops residential and affordable housing projects in the Tampa Bay region, managing over $300 million in assets for accredited investors and government partners.
- Company typePrivate
- Founded1999
- HeadquartersSt. Petersburg, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What HP Capital Group does
HP Capital Group is a private real estate development and private equity investment partnership headquartered in St. Petersburg, Florida, operating since 1999. The firm is led by three principals — Fred Hemmer (former CPA and Chief Lending Officer at Republic Bank), Angelo Cappelli (Yale/Fordham-educated former Goldman Sachs employee), and Nick Hansen (16-year Florida political campaign veteran) — and operates two business lines: real estate development concentrated in the Tampa Bay area and private equity investments in distressed commercial notes and niche-industry startups. The principals also co-founded Poli Solutions Consulting in 2009, a management consulting firm serving startups, private equity ventures, and real estate developments.
HP Capital Group firmographics
Firmographics- Name
- HP Capital Group
- Legal name
- HP Capital Group
- Website
- https://hpcapitalgroup.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- HP Capital Group is a private St. Petersburg-based real estate development and private equity partnership that develops residential and affordable housing projects in the Tampa Bay region, managing over $300 million in assets for accredited investors and government partners.
- Ownership category
- akta.pro rank
HP Capital Group industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Offices of Other Holding Companies (551112), Other Investment Pools and Funds (5259), Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940)
- SIC
- Operative Builders (1531), Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)
- akta.pro secondary industries
- Social Infrastructure Funds (Schools, Hospitals, Civic) (FSANAEAN), Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)
Keywords
Where HP Capital Group is headquartered
LocationHeadquarters
- HQ city
- St. Petersburg
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
HP Capital Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Real Estate Development: The company develops residential and commercial properties in the Tampa Bay area, including multi-family apartments, condo towers, and affordable housing. Revenue is generated through property sales, rental income, and development fees.
- Private Equity Investments: HP Capital Group manages private equity assets and has created startups in niche industries. They also invest in distressed commercial notes and manage assets for partners and investors.
- Real Estate Asset Management: The partnership manages and develops over $300+ million in real estate developments, charging management fees and earning performance returns for investors.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
HP Capital Group product offering
Product offeringCore offering
HP Capital Group is a real estate development and private equity investment partnership that develops large-scale residential and commercial properties in the Tampa Bay area, including multi-family apartments, condo towers, and affordable housing. The firm also manages private equity assets, invests in distressed commercial notes, and operates startup ventures in niche industries. Revenue is generated through property sales, rental income, development fees, management fees, and investment returns for partners and investors.
Product overview
HP Capital Group operates as a real estate development and private equity investment firm with two main business lines. The Real Estate Development division focuses on multi-family residential projects in Tampa Bay and includes seven named developments: Reflection (completed 18-story condo tower), Fairfield Apartments (264-unit affordable housing), First Avenue Apartments (19-story, 224-unit building), Harbor Landings, Huntington Creek, Ulmerton Townhomes, and Cantonment. The Private Equity division has created startups in niche industries including Twinstorm, CETrack, and Executive Center Suites (offering physical and virtual office space), along with Hemmer Fund I (a completed private equity fund). The company also manages distressed commercial notes and has disposed of over 60 residential and commercial assets totaling $50+ million, with over $300+ million in assets under management.
Differentiator
Problem solved
Functional benefit
Products and services
- Reflection An 18-story condo tower development in downtown St. Petersburg, Florida. Construction completed Q4 2023. Targeted at luxury condo buyers seeking urban downtown living.
- Fairfield Apartments A 264-unit affordable and workforce housing development in St. Petersburg, Florida. Approximately $94.2 million initiative funded through city, county, and federal sources including a HUD 221(d)(4) construction loan. Property held in Pinellas County Housing Authority land trust to ensure affordability for 99 years.
- First Avenue Apartments A 19-story residential building at 1641 and 1659 1st Avenue North in downtown St. Petersburg with 224 units, 256 parking spaces, and 236 bicycle spaces. Designed by Tampa-based BDG Architects. Developed in partnership with Tandem Partners.
- Harbor Landings Acquisition and development project.
- Huntington Creek Residential development project located in Escambia County.
- Ulmerton Townhomes Townhome residential development project.
- Cantonment Land acquired for development into a new multi-use community in Escambia County.
- Twinstorm A startup venture in a niche industry serving clients in Tampa Bay and beyond.
- CETrack A startup venture in a niche industry serving clients in Tampa Bay and beyond.
- Executive Center Suites Traditional office and conference room suites offering 27 in-person offices and approximately 75 virtual offices for professionals in Tampa Bay and across the US.
- Hemmer Fund I, LLC Private equity fund completed in August 2020, returning a 20.4% annual Internal Rate of Return to 13 investors.
Quantifiable outcome
- 20.4% annual Internal Rate of Return on Hemmer Fund I
- +2 more outcomes
Companies that use HP Capital Group
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
HP Capital Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
HP Capital Group partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, major and minor.
- Pinellas County Housing AuthoritycoreThe Pinellas County Housing Authority owns and manages the Fairfield Avenue Apartments property, which is held in a county land trust to ensure affordability for 99 years. This is a key government partnership for affordable housing development.
- Tandem PartnersmajorChicago-based development partner collaborating with HP Capital Group on the First Avenue Apartments, a 19-story, 224-unit residential building in downtown St. Petersburg.
- KASTmajorGeneral contractor for the Reflection St. Pete development, providing construction services for the 18-story condo tower.
- SMP ArchitectsmajorArchitecture firm providing design services for the Reflection St. Pete development.
- Clear pHmajorDesign firm contributing to the Reflection St. Pete development project.
- KW CommercialmajorCommercial real estate partner involved in the Reflection St. Pete development, assisting with property sales and commercial aspects.
- DAG ArchitectureminorArchitecture firm providing design services for the Reflection St. Pete development.
- Kimley HornminorEngineering and consulting firm providing infrastructure and site development services for the Reflection St. Pete project.
- Poli Solutions ConsultingcoreCo-founded by Angelo Cappelli and Nick Hansen in 2009, this management consulting firm specializes in consulting for start-ups, private equity ventures, and real estate developments.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
HP Capital Group competitors and assessment
Company assessmentBroad incumbents
- The Related Group: One of the largest U.S. multifamily developers, with a major Florida luxury condo and apartment focus. Overlaps with HP Capital Group's downtown St. Petersburg luxury condo and high-rise apartment product, but operates at much greater scale and geographic breadth.
- Trammell Crow Company: Major national commercial real estate developer with a multifamily and mixed-use practice. Comparable to HP Capital Group's broader real estate development and capital markets execution, though at significantly larger scale and with institutional capital structures.
Others
- Tandem Partners: Chicago-based real estate development firm co-developing the 19-story First Avenue Apartments with HP Capital Group. Directly comparable as a co-development partner and a similarly-sized private multifamily developer.
Direct peers
- Kettler: Mid-Atlantic and Southeast multifamily developer and investment manager. Comparable to HP Capital Group in developing, owning, and managing investment-oriented residential real estate in regional U.S. markets.
- Dominium: One of the largest U.S. affordable housing developers and managers, focused on LIHTC-financed apartment communities. Comparable to HP Capital Group in its use of public funding programs and affordable/workforce housing product focus.
- Lincoln Property Company: National multifamily developer, manager, and investment firm operating a development pipeline that mirrors HP Capital Group's apartment and mixed-use urban infill approach, including Florida-focused projects.
- RangeWater Real Estate: Sun Belt-focused multifamily developer and acquirer building garden-style and mid-rise apartments across the Southeast. Comparable to HP Capital Group's apartment (Fairfield, First Avenue) and townhome (Ulmerton) product type and Southeast geographic focus.
- Mill Creek Residential: Multifamily developer building market-rate and luxury rental communities across the Sun Belt. Comparable to HP Capital Group's market-rate apartment and luxury condo (Reflection) strategy in similar Florida/Southeast submarkets.
- The NRP Group: National affordable and workforce housing developer using LIHTC, HUD financing, and public partnerships. Directly comparable to HP Capital Group's affordable housing strategy, including government-funded, multi-family affordable developments of similar scale.
- Bainbridge Companies: Multifamily developer with strong Florida/Southeast footprint building market-rate, luxury, and build-to-rent communities. Comparable to HP Capital Group's First Avenue and Reflection-style urban residential developments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
HP Capital Group social profiles
Digital presenceHP Capital Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
HP Capital Group leadership team
Management profileNumber of profiles
Profiles3 records
HP Capital Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HP Capital Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HP Capital Group
What does HP Capital Group do?
HP Capital Group is a real estate development and private equity investment partnership that develops large-scale residential and commercial properties in the Tampa Bay area, including multi-family apartments, condo towers, and affordable housing. The firm also manages private equity assets, invests in distressed commercial notes, and operates startup ventures in niche industries. Revenue is generated through property sales, rental income, development fees, management fees, and investment returns for partners and investors.
Is HP Capital Group a public or private company?
HP Capital Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was HP Capital Group founded?
HP Capital Group was founded in 1999. It employs 1 to 10 people.
Where is HP Capital Group based?
HP Capital Group is headquartered in St. Petersburg, United States, in the North America region.
How does HP Capital Group make money?
Three revenue lines are on record. Real Estate Development is the primary driver. The others are private Equity Investments and real Estate Asset Management.
Who are HP Capital Group's main competitors?
Broad incumbents on record are The Related Group and Trammell Crow Company. Tandem Partners is listed as an others. Direct peers are Kettler, Dominium, Lincoln Property Company, RangeWater Real Estate, Mill Creek Residential, The NRP Group and Bainbridge Companies.
Does HP Capital Group have an API?
No public API is recorded for HP Capital Group.
What industry is HP Capital Group in?
HP Capital Group's product category is Real Estate Development. Its primary akta.pro industry code is BPAJANAL, Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory, with a secondary code of FSANAEAN, Social Infrastructure Funds (Schools, Hospitals, Civic). Its NAICS code is 551112 and its SIC code is 1531.