The Rockpoint Group (Rockpoint) is an American

Private equity real estate Private equity real estate is a term used in investment finance to refer to a specific subset of the real estate investment asset class. Private equity real estate refers to one of the four quadrants of the real estate capital markets, which i ...

firm headquartered in

Boston Boston (), officially the City of Boston, is the capital city, state capital and List of municipalities in Massachusetts, most populous city of the Commonwealth (U.S. state), Commonwealth of Massachusetts, as well as the cultural and financ ...

. In 2022, the firm was ranked by PERE (under

Private Equity International ''Private Equity International'' (PEI) is a global insight, analysis and data provider for the private equity industry, with a core focus on the relationship between investors and fund managers: the LP-GP nexus. Launched in December 2001, the tit ...

) as the twelfth largest Private Equity Real Estate firm based on total fundraising over the most recent five-year period.

Background

Rockpoint was founded in 2003 by Bill Walton, Greg Hartman, Jonathan Paul, Keith Gelb and Pat Fox. The five of them were previously managing members of Westbrook Real Estate Partners who left to found the firm. Westbrook Real Estate Partners was co-founded by Walton in 1994 and continued to be controlled by him and Gelb until 2014 where the firm closed. Currently only Walton and Gelb remain with Rockpoint. Paul left in 2007 to co-found Wheelock Street Capital, Hartman left in 2013 to co-found Prospect Hill and Fox retired from the firm. In March 2018,

Blackstone Inc. Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate bu ...

acquired a 20% stake in Rockpoint. In October 2020, Rockpoint formed a $1 billion joint venture with Invitation Homes to buy, renovate and rent out single-family homes across the U.S. In March 2022, they formed another joint venture worth $300 million to acquire higher-end single-family homes. In May 2022, Rockpoint formed a $2 billion industrial real estate platform with a wholly owned subsidiary of the

Abu Dhabi Investment Authority The Abu Dhabi Investment Authority ( ar, جهاز أبوظبي للاستثمار, ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi (in the United Arab Emirates) founded for the purpose of investing funds on behalf of the Gover ...

. Rockpoint is headquartered in Boston with additional offices in

Dallas Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...

, London and San Francisco. Rockpoint has an affiliate named Rockhill Management which is a dedicated property services management company.

Funds

Investments

75 State Street 75 State Street is a high-rise office building located in the Financial District of Boston. Built in 1988, it was designed by Gund Architects of Boston, in association with Skidmore, Owings and Merrill, in the Postmodernist style. The 31-sto ...

* 100 Pine Center *

100 Summer Street 100 Summer Street is a high-rise building located in downtown Boston, Massachusetts. The building stands at with 33 floors, over 1.03 million square feet (over 92,000 m2) of office space, and was completed in 1974. It is ranked 24th on the ...

* 299 Park Avenue * 1333 H Street *

Austin, Nichols and Company Warehouse The Austin, Nichols and Company Warehouse, also known as 184 Kent Avenue and Austin Nichols House, is a historic warehouse building on the East River between North 3rd and North 4th Streets in Williamsburg, Brooklyn, New York City. The structur ...

Boston Park Plaza The Boston Park Plaza is a historic hotel in Boston, Massachusetts, United States, opened on March 10, 1927. It was built by hotelier E.M. Statler as part of his Statler Hotels chain. A prototype of the grand American hotel, it was called a "c ...

Embarcadero West Embarcadero West, also known as 275 Battery Street, is a 30-story, office skyscraper in the Financial District of San Francisco, California. The building is part of the Embarcadero Center, which is a complex of five office towers and two hotels. ...

One Dag Hammarskjöld Plaza One Dag Hammarskjöld Plaza is a skyscraper located at 885 Second Avenue in Midtown Manhattan, New York City. It is a 628 ft (191 m) tall skyscraper. It was designed by Emery Roth and developed by Lawrence Ruben. Named for Dag Hammarskj� ...

* Parc 55 San Francisco *

Park Avenue Plaza Park Avenue Plaza is an office building at 55 East 52nd Street in the Midtown Manhattan neighborhood of New York City. The tall, 44-story building was designed by Skidmore, Owings & Merrill (SOM) for development company Fisher Brothers and was c ...

* Parkmerced *

Rodin Studios The Rodin Studios, also known as 200 West 57th Street, is an office building at Seventh Avenue and 57th Street in Midtown Manhattan in New York City. It was designed by Cass Gilbert in the French Gothic style and built from 1916 to 1917. Name ...

Row NYC Hotel Row NYC Hotel is a hotel at 700 Eighth Avenue, between 44th and 45th Streets, in the Midtown Manhattan neighborhood of New York City. The hotel is 27 stories tall with 1,331 rooms. Designed by Schwartz & Gross, with Herbert J. Krapp as consulti ...

* Spring Creek Towers * The Newbury Boston * Washington Harbour

Disputes

In November 2019, tenants of

63 Wall Street 63 Wall Street, originally the Wall and Hanover Building, is a 37-story skyscraper on Wall Street in the Financial District of Manhattan in New York City. Built in 1929, it was designed by Delano & Aldrich as the headquarters of Brown Brothers ...

and 67 Wall Street in

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five Boroughs of New York City, boroughs of New York City. The borough is also coextensive with New York County, one of the List of co ...

filed a

class-action lawsuit A class action, also known as a class-action lawsuit, class suit, or representative action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member or members of that group. The class action ...

against Rockpoint over alleged rent-regulation violations. Rockpoint was alleged to have failed to follow the 421-g program which allowed it to forgo property taxes but required it to offer rent-regulated leases. Rockpoint was considered to have overcharged above the lease limits while still benefiting from tax breaks. In September 2020, Rockpoint reached a settlement where it would pay out $5 million to 4,800 current and former tenants.

References

External links

* {{authority control 2003 establishments in Massachusetts Financial services companies established in 2003 Companies based in Boston Investment companies of the United States Real estate companies of the United States