June 2023 – New York, NY – Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced that its second real estate private equity fund, Hudson Valley Preservation Fund II (HVPF II), has been named ‘Best ESG Fund: Sector Specialist’ and ‘Best ESG Fund: Real Estate’ at this year’s Private Equity Wire ESG AAA US Awards (no fee was paid to be considered).
“Both awards are a recognition of HVPG’s efforts to ensure a robust and embedded approach to ESG investing across our funds that stands out amongst our peer group,” said Jason Bordainick, Managing Partner and Co-Founder of HVPG. “Hudson Valley Property Group aims to deliver a better standard of living for our residents and seeks reliable results for our investors. We are proud of the work we have done with our second fund thus far and plan to keep ESG an integral part of our investment approach.”
The awards assess, recognize and reward the efforts of firms that have implemented sustainable, industry leading ESG policies at both the portfolio company and management company level. The ESG AAA awards represent a mark of global, societal, and ethical success and quality for the companies selected. Private Equity Wire partnered with EthicsGrade, an AI based ESG data company that independently verified all nominations, before the voting fell to a panel of external judges.
The Hudson Valley Preservation Fund (HVPF) closed in September 2022 at $292 million in capital commitments, $42 million more than its $250 million target. Today, the fund has already acquired thirteen properties across New York, New Jersey, Pennsylvania, Maryland, Rhode Island and Illinois, including in new geographic areas, like Philadelphia, Chicago and East Providence, expanding HVPG’s portfolio to seven states. With this fund, HVPG anticipates preserving more than 10,000 homes.
Winners were announced at the Private Equity Wire ESG AAA US Awards ceremony, held in New York City on June 21, 2023.
Link to Private Equity Wire ESG AAA US Award winners.
About Hudson Valley Property Group (HVPG)
Hudson Valley Property Group (HVPG) preserves and elevates the quality of affordable housing in the United States. HVPG acquires existing affordable, multifamily properties and strategically invests capital to improve the physical, financial, and social vitality of each home. With improved operations and enhanced service offerings, HVPG properties seek to deliver a better standard of living for its residents and stable investment assets. To date, HVPG has preserved over 9,500 units across more than 50 properties, serving more than 20,000 residents. For more information, visit: https://hudsonvalleypropertygroup.com/.
About Hudson Valley Preservation Fund (HVPF)
Hudson Valley Preservation Funds are Community Reinvestment Act-eligible real estate private equity funds managed by Hudson Valley Property Group (HVPG), an owner, developer, and operator of affordable housing. We leverage our expertise and relationships to apply a traditional model of investing in real estate to this specialized industry, preserving existing affordable housing while aiming to ensure each asset is optimally financed, renovated, and operated. To date, HVPG and its funds have utilized equity and capital to leverage more than $2B of investment into affordable housing.
