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Our Story

Over 75 years of investing experience

A Family Story

Immigrating to the US in 1906, Benjamin Lipsitz set up his peddler business in Pittsburgh PA with the purchase of a horse named Charlie. That business eventually became B Lipsitz Company, a wholesale distribution enterprise. Benjamin’s son, Herman Lipsitz was born in 1909 in Pittsburgh PA. Living in the depression of the 1930’s gave Herman an extraordinary work ethic which stuck with him until he passed away in 2005.

At an early age, Herman and his siblings worked with their father, Benjamin Lipsitz, in founding B. Lipsitz Company, which eventually became one of Pennsylvania’s largest wholesale distribution businesses. Herman started his Bachelors in Accounting at the age of 16, and subsequently attained his law degree from the University of Pittsburgh. Upon graduation from law school, Herman stayed involved with the family distribution business, while building up a successful private law practice of his own.

Our Roots

Benjamin Lipsitz

1874-1935

Herman Lipsitz

1909-2005

Robert Lipsitz

1949-1996

After establishing his law practice and expanding the family distribution business, Herman began buying and developing properties throughout the USA. Herman’s real estate investment interests ranged from raw land investment to neighborhood strip centers to multi-family properties, and single tenant commercial properties.

In 1941 Herman married Dr. Helen Nobel, a family physician. In Herman’s free time, he was a community leader under which capacity he involved himself in everything from serving as a key philanthropist in Pittsburgh’s greater metro area, petitioning Congress on matters of importance for the overall population and serving Thanksgiving meals at a local soup kitchen.

Herman never had an idle moment. At the age of 95, Herman went to the office every day; balancing his time between his business and philanthropic interests and spending time with his wife, children, grandchildren and great grandchildren
In every way, Herman had the support and encouragement of his devoted wife, Helen, for 63 years.

Timeline

1909
1940’s
1942
1950’s
1960-1980’s
1978
1996
1996
2005
2011
2013-2014
2015
2015
2016
2018
2018
2020
2020-2021
B Lipsitz Company Incorporated
Herman and Helen Lipsitz begin purchasing duplex’s around the Pittsburgh area
B Lipsitz Company office and warehouse at 1100 5th Ave, Pittsburgh PA purchased
Herman began purchasing acres of land in and around Phoenix Arizona as the city became a more desirable city to live in
Utilizing proceeds from Arizona land transactions, Herman began focusing on income producing assets, primarily smaller strip malls, multifamily projects, and office buildings
Notable Transaction: Purchased A&P super market in Bronxville NY
After the unfortunate passing of Herman’s son Robert Lipsitz, Herman sells the B Lipsitz Company distribution business to focus solely on real estate investment
Notable Transactions: A series of single tenant transactions take place including the purchase of a Sam’s Club and Walmart in Anderson SC.
Herman Lipsitz passes away
Notable Transaction: Purchase of Forestville Shopping Center outside of Washington DC
After successfully weathering the Great Financial Crisis with several key acquisitions, the company makes the strategic transition to focus more on multifamily investments, starting in Brooklyn NY.
The company is rebranded to HLC Equity, with the strategic intention of launching the companies investment sponsorship platform to the HLC management platform and balance sheet to open up investment opportunities to private individuals and institutional investors.
HLC Equity expands its presence in the DFW market with the purchase of Windscape, a 154 unit multifamily community.
Notable Transaction: HLC Equity acquires Sage Brook, a 216 unit multifamily in Denver Colorado for $26M. This transaction represents HLC Equity’s first sponsored investment to serve private investors and partners under its enhanced platform.
HLC Equity becomes a Lead Sponsor of PropTech360, a global real estate and technology summit.
HLC Equity launches Layers, it’s innovative property management and operating model which utilizes technology, operational excellence, and serviced apartments to improve property operations, provide a better experience for residents, and deliver higher risk adjusted returns
HLC Direct was launched, to leverage leading technologies in order to allow sophisticated investors to seamlessly join the HLC Equity investment platform.
HLC Equity completes $100M worth of new multifamily acquisitions in the greater DFW market which were all financed with fixed rate debt or longer term interest rate caps and loan extensions.

What’s Next?

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