Hart Realty Advisers, LLC announces the acquisition of an office building in Raleigh, North Carolina

New Acquisition

Hart Realty Advisers, LLC. announces the acquisition of an Office Building in Durham, North Carolina

New Acquisition
  • What We Do
  • Serving the Interest of Investors
  • The Value of Experience
  • Our Distinct Advantage
  • Senior Team
Hart Realty Advisers creates sustainable protected value through investment in institutional-quality real estate for our Separate Account clients while managing and protecting their risk.
Institutional investors expect their commitments to achieve consistently superior returns. Partnering with an investment adviser with nationwide access to viable investment opportunities is essential.

Hart Realty Advisers has proven its ability to identify, structure, and manage real estate investments designed to maximize returns and control risk for institutional clients. Over three decades our mission and sole purpose has remained the same - providing consistently strong real estate investment performance, outstanding client service, and continually putting our fiduciary duties first, earning the trust and respect from clients, operators, partners, and employees.

Not only is a successful track record vital, but an adviser's depth of expertise, knowledge, and practical experience are also paramount. Our real estate professionals are highly experienced and have long tenures with the firm. Their knowledge, judgment, and skills enable them to make astute decisions about investment opportunities and respond nimbly to rapidly changing economic and market conditions.

Hart Realty Advisers, based in Simsbury, Connecticut, is independent and closely held. operated in a team-oriented environment where investor and adviser goals are identified and well aligned.

What we do


Hart Realty Advisers specializes in the development, acquisition, and management of domestic private equity, core, value-added, and opportunistic real estate. The investment opportunities are tailored for corporate and public pension plans, foundations, and endowment funds matching their unique risk and diversification requirements with marketplace opportunities.

Our experience extends to all major types of commercial real estate, but we believe we offer greater retail experience than most investment managers. We have years of experience and have developed tremendous relationships through the International Council of Shopping Centers (ICSC), the largest retail trade organization in the United States with over 50,000 members. The founder of our company was a Trustee of ICSC for many years, which leads to many investments acquired off market. Overtime, these relationships have transferred to Hart senior staff.

We create value at various stages in the propertylife cycle:

  • Through participation in opportunistic joint venture development.

  • By adding value through the expansion, renovation, and repositioning of assets.

  • By acquiring core and core-plus assets with limited risk.


Serving the Interest of Investors


Hart focuses on minimizing conflicts of interest and controlling fixed costs. When appropriate, we will form joint ventures with experienced developers and operators to execute complex strategies. Hart will also engage seasoned property management and leasing firms to assist in the operations and value creation of an asset.

Hart Realty Advisers, LLC claims compliance with the CFA Institute Asset Manager Code of Professional Conduct.  This claim has not been verified by the CFA Institute.

 

The Value of Experience


In our view there is no substitute for the value experienced real estate professionals bring to the investment process. Experience makes outstanding professionals more effective real estate investors.

With more than twenty years of individual experience of Hart Realty Advisers' senior investment professionals, their diverse skills range from an intimate understanding of asset allocation practices and investment management to expertise in investment procurement including acquisitions/dispositions, asset management, financial reporting, and accounting.

The historical perspective of our skilled staff comes from years of investing in fluctuating market cycles. This experience has provided the disciplines necessary to exceed benchmark returns and respond swiftly to change with sound strategic decisions regardless of the economic or real estate market cycles.


Our Distinct Advantage


Our distinct advantage over other institutional investment managers is our extensive nationwide network of business relationships established over 30-plus years.

Whether developers, joint venture partners, property owners, leasing brokers, or real estate management and service companies, we seek alliances with those who are experts, reputable and highly knowledgeable in their fields.

Our professionals capitalize on this invaluable network in two key ways:

Investment Access

The industry acknowledges that we work in an incredibly competitive environment and an investment management firm must have points of distinction from the competition. Hart’s performance, strong communication, relationships, and respect in our industry often allows “first” or “last look” before a buyer or partner is selected.

Critical Input

By maintaining consistent contact with our relationships in targeted markets throughout the nation, reliable, first-hand knowledge and insight into real estate trends, local market conditions, and prospects of a particular property are gained

This critical input is crucial for astute decision making because we often isolate factors that may not appear in traditional research or due diligence.

David S. Hart

Co-CEO

David Hart joined Hart Realty Advisers in 1985 and serves as the Chief Executive Officer. He is responsible for all significant decisions regarding the firm. In addition to formulating and overseeing the strategy of the firm.Mr. Hart is also responsible for sourcing capital and managing existing client relationships while working closely with his senior managers to execute the firm’s strategies and meet the needs of our clients. He is a member of the firm’s Executive, Management, Acquisition, and Investment Committees.

Mr. Hart is a Board Member of The House of Bread, a non-profit organization that provides food, shelter, and education to disadvantaged men, women and children in Hartford, Connecticut. Additionally, he is an Alumni Board Member of the Real Estate Academic Initiative at Harvard University.

Affiliations

  • International Council of Shopping Centers
  • National Association of Real Estate Investment Managers
  • Pension Real Estate Association
  • Real Estate Finance Association, Hartford Chapter
  • Urban Land Institute

Education

  • Harvard University
    • Advanced Management
    • Development Program,
    • Concentration in Real Estate
  • Plymouth State University—University of New Hampshire – B.S.

Sam Latone

Co-CEO

Sam Latone was born and raised in upstate New York, but has spent his adult years in Atlanta, GA. As Co–CEO of Hart Realty Advisers, he’s responsible for overseeing strategic planning with David Hart.  Sam is also President and Co-CEO of the Shopping Center Group where he is responsible for overseeing strategic planning, as well as the Company’s various landlord services business lines.

Prior to joining the Company, he was President of Baita Realty Investment Management and Senior Vice President of Branch Properties, two firms that specialized in acquiring and developing retail properties with European investment partners.

Sam holds an undergraduate degree in Finance from LeMoyne College and a Master of Business Administration from Georgia State University. Sam serves on The Shopping Center Group’s Board of Director’s and is the former Chairman of the Board of Directors of ChainLinks. An active member of the Young Presidents Organization, former Chairman of the Young Presidents Organization Global Real Estate Network and current Executive Committee member, Sam is a frequent speaker and contributor to industry media and events.

Joshua Kagan

Chief Investment Officer

Joshua Kagan is Chief Investment Officer for Hart Realty Advisers.  Previously, he was Managing Director – Retail for The Davis Companies, where he was responsible for executing and operating the retail strategies within the overall investment mandate.  Prior to that, Joshua was President, Northeast / Southeast for Equity One (NYSE:EQY) where he had full P&L responsibility for a retail portfolio of more than 6 million square feet totaling more than $1.6 billion in value.  As a senior executive with experience in virtually all aspects of commercial real estate, he has an extensive track record of value creation at highly regarded platforms with national reputations.  Other positions include Managing Principal of WestRidge Realty Advisors, a boutique investment manager, and Chief Investment Officer for AmCap Incorporated, a national private equity real estate firm.

 

Joshua holds an MBA from the University of Denver, did his undergraduate work with a concentration in Philosophy at the University of Michigan and is a graduate of Harvard University’s Advanced Management Development Program in Real Estate.

He is active in numerous professional organizations, including the ULI and ICSC (SCLS designation) and speaks regularly at industry events.

Kim L. DiPietro

CFA, Senior Director
Research & Acquisitions

Kim DiPietro provides economic, demographic and fundamental research supporting the development and execution of investment strategies. She is also responsible for producing timely research reports such as property-specific outlooksand insight papers for the firm’s staff and clients. Ms. DiPietro also allocates a portion of her time to acquisition activities and is a member of the firm’s Investment and Acquisition Committees.

Prior to joining Hart, Ms. DiPietro spent 15 years at CIGNA Investment Management, most recently as Vice President, Strategy & Research in CIGNA Realty Investors. She also held other analyst positions within CIGNA Realty Investors, including asset manager, loan underwriter and investment analyst for limited partnerships. Previously, she was an investment analyst with Liberty Mutual Insurance Group in Boston, Massachusetts.

Affiliations

  • Hartford CFA Society
  • International Council of Shopping Centers

Education

  • Boston University – M.B.A.
  • University of Massachusetts – B.A.

David B. Huntley

CPA, Chief Financial Officer

David Huntley joined Hart Realty Advisers in 2001 and is directly responsible for the daily operations of the firm along with all property and client financial reporting related to the firm’s investment portfolio. He works closely with David Hart in formulating and executing the strategy and direction of the firm. Mr. Huntley also serves as the firm’s chief compliance officer and is a member of the firm’s Executive and Management Committees.

Prior to joining Hart Realty Advisers, he was Assistant Director of Real Estate Accounting at CIGNA and was with KPMG’s Financial Services Group responsible for the auditing needs of various corporate clientele. Mr. Huntley is a veteran classroom volunteer for Junior Achievement and is an Assistant Scout Master for his local Boy Scout Troop.

Affiliations

  • American Institute of CPAs
  • Massachusetts Society of CPAs
  • National Association of Real Estate Investment Managers
  • National Council of Real Estate Investment Fiduciaries,
    • Former Co-Chair of the Accounting Committee

Education

  • University of Massachusetts – B.B.A.

Peter C. Grzybala

Managing Director
Head of Asset Management

Peter Grzybala is in charge of the Asset Management Group’s day-to-day operations with tactical responsibility for the real estate asset portfolios, and is a member of the firm’s Management and Investment Committees. Mr. Grzybala joined Hart Realty Advisers in 1999, bringing 25 years’ experience in institutional real estate lending and investment management.

Before joining the firm, he was with Phoenix Realty Advisers, serving as Senior Vice President for the Eastern Regional Real Estate Team and subsequently as Managing Director of the Commercial Asset Management Group, where he was responsible for various diverse commercial property portfolios.

Affiliations

  • BOMA International
  • Institute of Real Estate Management
  • International Council of Shopping Centers
  • Real Estate Finance Association, Hartford Chapter
  • Urban Land Institute

Education

  • University of Hartford
    • Graduate Studies
  • Pace University
    • Graduate Studies
  • St. Bonaventure University – B.B.A.

Daryl R. Krivanec

CFA, Senior Director
Asset Management

Daryl Krivanec joined the firm in 2001, and is currently responsible for the tactical and operational aspects of a portfolio of client assets. Prior to joining Hart, he was employed for 15 years at CIGNA Investment Management where he held a variety of debt and equity positions. Most recently he was Vice President in Commercial Mortgage Portfolio Management responsible for managing the analytics of CIGNA’s $11 billion mortgage portfolio.

Affiliations

  • Hartford CFA Society
  • International Council of Shopping Centers
  • National Association of Real Estate Investment Managers
  • National Council of Real Estate Investment Fiduciaries (NCREIF)
    • Former Board Member
    • Member and former Chairperson of the NCREIF Performance Measurement Committee
    • Former Member of REIS Council
    • One of the primary authors of the NCREIF Performance Returns Workbook
    • Co-developer and instructor for the Calculation of Real Estate Performance Return seminars
  • Real Estate Finance Association, Hartford Chapter

Education

  • University of Connecticut – B.S.