Investments The Ticker

Hibernian Pacific scoops up residential properties

Equity firm Hibernian Pacific Holdings purchased a portfolio of 45 single family attached and detached residential properties in DeKalb County, Ga.

"Our core and focus at HPH has been commercial real estate assets and non-performing commercial real estate loans owned by community banks," said Jason Joseph, president and chief executive Hibernian Pacific Holdings. "This transaction was a strategic step to grow a portfolio of assets in the residential market, because we are going to continue to see this type of asset in the community bank sector."

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