MHCommercial Real Estate Funds

What MHCommercial Real Estate Funds does

MHCommercial Real Estate Funds is a private commercial real estate investment firm established in 2019 and headquartered in West Palm Beach, Florida. The firm operates as a dual-fund platform (Fund I, 2019; Fund II, 2022) that raises equity commitments from accredited investors and institutional capital partners and deploys capital into commercial real estate acquisitions and institutional joint ventures concentrated in Florida and the broader Southeastern United States. Combined equity commitments of approximately $40.5 million have been leveraged into roughly $240 million of total investment value across approximately 950,000 square feet of office and retail properties.

The firm is sponsored by the principals of NAI/Merin Hunter Codman, a South Florida commercial real estate services platform founded in 1982 and affiliated with the NAI Global network of over 400 firms. MHCREF operates a vertically integrated in-house platform covering acquisitions, leasing, property management, construction management, finance, and accounting. The senior leadership team brings over 100 years of combined real estate experience, with principals having executed over $500 million in recent commercial property transactions. Its current portfolio includes Class-A office assets (Bridgeport Center, Yamato Office Center, EcoPlex) and more recent retail additions (Merritt Crossing, Shoppes of Victoria Square).

Revenue is generated through management fees and carried interest on investor equity commitments, supplemented by property management, leasing, and construction management fees on owned and affiliated assets. Distribution to investors is conducted through a Juniper Square investor portal, and investor relations are supported by the broader NAI Global referral network. As a private fund vehicle, MHCREF does not publicly disclose revenue, and the firm has not pursued an IPO or external institutional capital raise beyond its fund vintages.

Name

MHCommercial Real Estate Funds

Legal name

MHCommercial Real Estate Funds

Website

https://mhcref.com

Company type

Private

Founded year

2019

Operating status

Operating

Short description

MHCommercial Real Estate Funds is a private, West Palm Beach-based commercial real estate investment firm operating Fund I (2019) and Fund II (2022) that deploys accredited-investor equity into office and retail properties across Florida and the Southeastern United States.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Management

NAICS

Other Investment Pools and Funds (5259)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industry

Real Estate Funds — Opportunistic / Development (FSANAEAI)

Keywords

• Commercial real estate investment
• Private real estate funds
• Institutional joint ventures
• Office and retail properties
• Accredited investor funds

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Investment Returns: The Funds generate returns through property appreciation, rental income, and capital gains from commercial real estate investments in the Southeastern United States, with a focus on Florida markets.
2. Fund Management: Fund management generates revenue through management fees and carried interest on investor equity commitments deployed in commercial real estate assets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

MHCommercial Real Estate Funds operates two private commercial real estate investment funds (Fund I established 2019 and Fund II established 2022) that acquire and actively manage institutional-quality office and retail properties in Florida and the Southeastern United States. The firm raises equity from accredited investors and institutional capital partners, deploys capital through acquisitions and institutional joint ventures, and provides ongoing asset management, leasing, property management, and transparent investor reporting.

Product overview

MHCommercial Real Estate Funds operates as a dual-fund investment platform consisting of MHCommercial Real Estate Fund I (established 2019) and MHCommercial Real Estate Fund II (established 2022). The funds provide institutional-quality commercial real estate investments in Florida and the Southeastern United States, focusing on office and retail properties. Fund I has deployed $17.4 million in equity across 500,000+ SF, while Fund II has committed $23.1 million across 450,000 SF of investments.

Differentiator

Problem solved

Functional benefit

Products and services

• MHCommercial Real Estate Fund I Private commercial real estate investment fund established in 2019 with $17.4 million in equity commitments, fully deployed into over 500,000 square feet of office and retail commercial real estate representing approximately $120 million in investment value. Geared toward accredited investors and institutional capital partners seeking exposure to Florida and Southeastern US commercial real estate.
• MHCommercial Real Estate Fund II Private commercial real estate investment fund established in 2022 with $23.1 million in initial equity commitments, invested in approximately 450,000 square feet of commercial real estate in Florida and the Southeastern US, representing approximately $120 million in investment value through institutional joint ventures.

Quantifiable outcome

• $120 million in investment value deployed through Fund I ($17.4M equity into 500,000+ SF)
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• NAI GlobalcoreStrategic or Co-development PartnerNAI/Merin Hunter Codman (parent company) joined NAI Global in 1992, gaining access to the world's most extensive real estate network comprising over 400 commercial real estate firms throughout 36 countries. This affiliation enhances deal sourcing capabilities and investor referrals across global markets.

Scale indicators6 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Marcus & Millichap: Large national commercial real estate investment services firm offering investment sales, financing, research, and advisory. Comparable as a broader commercial real estate capital markets platform that overlaps with MHCommercial's investment sales and capital markets activity.
• JLL (Jones Lang LaSalle): Global commercial real estate services and investment management firm with capital markets, asset management, and property management. Comparable as a broad incumbent operating across the same value chain as MHCommercial's integrated platform.
• Newmark Group: Global commercial real estate advisory and services firm with capital markets and investment sales capabilities. Comparable as an established incumbent operating across investment sales, debt placement, and asset management.
• Eastdil Secured: Global commercial real estate investment bank providing capital markets advisory and financing solutions. Comparable as a broader incumbent in the institutional commercial real estate capital markets space.
• Colliers International: Global commercial real estate services firm with investment sales, capital markets, and property management offerings. Comparable as a broader incumbent across CRE investment services that intersects with MHCommercial's vertically integrated platform.

Direct peers

• Stiles Corporation: Florida-headquartered commercial real estate firm with development, investment, brokerage, and property management operations. Comparable vertically integrated platform serving Florida commercial markets.
• Foundry Commercial: A Southeast US-based commercial real estate services and investment firm offering acquisitions, leasing, and investment sales. Comparable to MHCommercial in regional Florida/Southeast focus and full-service investment platform.
• Halstatt Real Estate Partners: Naples, Florida-based family-office-affiliated real estate investor focused on commercial properties in Florida. Comparable as a Florida-anchored commercial real estate fund manager.
• Crocker Partners: Florida-based commercial real estate investment and management firm with a focus on office and retail assets in the Southeast. Closely comparable in regional concentration and asset class focus.

Others

• NAI Global: Global commercial real estate network of 400+ member firms. Comparable as an ecosystem/network partner rather than a direct competitor; MHCommercial's parent platform NAI/Merin Hunter Codman has been an NAI Global member since 1992.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 MHCommercial Real Estate Funds