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**Cannon Hill and TriPost Form $1.5B Strategic Office Acquisition Partnership**
Cannon Hill Capital Partners, a vertically integrated real estate firm, has announced a new partnership with TriPost Capital Partners. This collaboration is backed by a significant capital investment that will support Cannon Hill’s plans to scale its acquisition activity across major markets including New York City, Boston, and Washington, DC. The focus will be on acquiring distressed office properties, with a goal of securing up to $1.5 billion in strategic office assets over the next three years.
“We see the current vintage for new office investments to be highly attractive,” said Jeff Gronning, co-founder and CEO of Cannon Hill. “After a steep market decline, liquidity is returning to the office sector, and values are rising again. We’re optimistic that alongside TriPost, we can deploy our expertise and capital into our growing pipeline of compelling investment opportunities.”
The new partnership will concentrate on acquiring both direct real estate and non-performing loans tied to high-quality, income-producing properties. It will work alongside third-party joint venture investors and aim to provide “rescue capital” in select ownership situations. In addition, the partnership will evaluate opportunities for office redevelopment or conversions, aligning with shifting demands in the commercial real estate market.
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