Prnewswireยท2025-06-16 13:00Core Insights - Cohen & Steers, Inc. has invested $300 million in Hudson Pacific Properties, representing 43% of HPP's $690 million offering, aimed at supporting HPP's balance sheet recapitalization [1][2]. Company Overview - Hudson Pacific Properties is a real estate investment trust (REIT) focused on serving tech and media tenants in key global markets, leveraging a high-barrier approach to property development and management [3]. - The company utilizes a full-service value creation platform, which includes identifying, acquiring, transforming, and developing properties into high-quality office and studio spaces [3]. Market Outlook - The West Coast office market is believed to be recovering and expected to gain momentum in the coming years, with Hudson Pacific Properties positioned to benefit from this trend due to its strong management and high-quality portfolio [2]. - The recapitalization of HPP's balance sheet is intended to reduce debt, extend existing debt maturities, and capitalize on the potential occupancy upside of its portfolio [2].