Rock Springs, Wyo. – February 19, 2008 – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has acquired a three-story 30,000-square-foot bank/branch/office building located at 2515 Foothill Boulevard in Rock Springs, Wyo. from Rocky Mountain Bank. The acquisition was made on behalf of The Hampshire Generational Fund, one of the firm’s private equity real estate investment funds tailored to high net worth investors.
In addition to the acquisition, Hampshire also secured a long-term leaseback deal with Rocky Mountain Bank, a regional commercial bank and mortgage lender with locations throughout Wyoming. Rocky Mountain Bank is currently in the process of expanding into several markets in Idaho within the next six months.
“This acquisition was a great opportunity to geographically and demographically expand our portfolio,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “We are confident that this acquisition will prove to be an excellent investment for our investors.”
CB Richard Ellis of Chicago represented Hampshire in the transaction.
The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The goal of the Fund is to deliver superior, above-market returns to its investors through the acquisition and operation of industrial, retail, and office products as well as an investor in other real estate funds.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at www.hampshireco.com