HRI Properties Pulls in $220 Million in 2015, Website Reports

by • May 23, 2016 • NewsComments (0)1466

Photo via HRI Properties

Photo via HRI Properties

HRI Properties, the New-Orleans based real estate development and management firm, generated $220 million in revenue in 2015.  Apparently, HRI Properties confirmed to CityBusiness (paywall) that that figure is up 46% from $170 million in 2014.

The 2,000 person firm founded in 1989 be Pres Kabacoff has undergone significant changes recently as it continues to grow into a national real estate force.

The firm recently appointed Tom Leonhard its CEO, and raised $200 million from Almanac Realty to fund future projects and a potential IPO.

Recently in New Orleans, HRI’s projects have included the$100 million Aloft hotel in the CBD, the $40 million Homewood Suites and residences on the edge of the French Quarter, and the 23 story Hibernia Bank building, among others.

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