Limited Partner Equity
Capital That Backs Operators
Hawthorne Mason places passive limited partner equity alongside experienced sponsors in value-add real estate across the Mid-Atlantic.
A Different Seat at the Table
Hawthorne Mason invests as a limited partner. We do not develop, operate, or manage property, and we do not compete with sponsors for control, promote, or credit. We bring capital and underwriting discipline to operators who have already proven they can execute.
The platform is built on years of commercial real estate capital markets work. That background shapes how we underwrite, how we structure investor protections, and how we evaluate the sponsors we back. We invest deal by deal, on assets our investors can see before they commit.
Capability & Market Focus
What We Do
Passive LP Capital
We take limited partner positions in sponsor-led value-add partnerships. No general partner seat, no co-general partner role, and no guaranties signed by us or our investors.
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Independent Underwriting
Every transaction is underwritten independently before we go to our investors. We test sponsor assumptions on rent, cost, timing, and exit rather than accepting the model as presented.
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Negotiated Protections
We negotiate consent rights on major decisions, quarterly reporting with actual against budget, and defined exit provisions. Passive does not mean unprotected.
Learn More →Investment Criteria
What we look for, and what we decline without further review.
What We Invest In
- Position
- Passive limited partner interest in the sponsor's partnership
- Equity Check
- $2,500,000 to $4,000,000
- Asset Types
- Value-add multifamily as the primary focus. Small-bay industrial flex, credit-tenant retail, and mixed-use with stabilized income considered where the sponsor has directly comparable experience.
- Markets
- Washington DC, Maryland, and Virginia. Other markets where the sponsor has an established operating presence.
- Business Plan
- Acquisition and repositioning of existing income-producing assets
- Leverage
- Senior debt at 70% of total cost or less
- Hold Period
- Three to seven years with a defined exit
- Timing
- Closing timelines of sixty days or longer
What We Decline
- Ground-up development, land banking, and entitlement plays
- Any transaction requiring a guaranty from us or our investors
- Any transaction requiring us to take a general partner or control position
- Sponsors with no completed full cycle transaction and no realized results
- Sponsors with no meaningful capital of their own in the deal
- Rescue capital and recapitalizations of a failed business plan
- Operating-intensive assets without a specialist operator
- Deals closing inside thirty days
Sponsors: bringing us a transaction costs nothing and commits you to nothing. There is no submission fee, no exclusivity, and no obligation on either side unless and until we agree in writing to place capital.
How a Deal Moves
Initial Screen
5 business days
A go or no go on your materials
Terms Alignment
1 week
Our standing capital terms reviewed and accepted in substance
Underwriting
2 to 3 weeks
Independent underwriting, sponsor references, third-party report review
Capital Raise
30 to 60 days
We form a vehicle and raise against the identified asset
Close
Per the purchase agreement
The vehicle funds into your partnership
We raise against an identified asset rather than deploying from a blind pool. Factor that into your closing schedule. In exchange, our diligence is complete before we go to our investors, so what we bring is a considered commitment rather than a maybe.
Team
Hawthorne Mason is a new platform. Our experience is in commercial real estate capital markets, and that is the discipline we bring to underwriting and structuring.
Luisa Montenegro
Managing Partner
Managing Partner of Hawthorne Mason and Managing Director at Brookmont Capital Ventures, where her work centers on transaction coordination and capital partner relationships.
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Jerry Millington
Managing Partner
Managing Partner of Hawthorne Mason and Managing Partner of Brookmont Capital Ventures, a Washington DC commercial real estate debt and equity capital markets advisory firm. His work spans debt placement, equity structuring, and capital markets advisory across multifamily, mixed-use, industrial, and specialty assets.
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Sponsors seeking limited partner equity, and investors interested in the platform, are welcome to get in touch.
Get In Touch
Complete the form and we will respond within two business days.
Hawthorne Mason is a real estate co-investment platform. It is a new venture with no realized investment track record.
Hawthorne Mason is under common ownership with Brookmont Capital Ventures LLC, a commercial real estate capital markets advisory firm. A sponsor may separately engage Brookmont to place debt on a transaction. That engagement is at the sponsor's sole discretion, is documented and priced separately, and is never a condition of Hawthorne Mason equity.
Nothing on this site is an offer to sell or a solicitation of an offer to buy any security, and nothing here is investment, legal, or tax advice. Any offering of interests would be made only to verified accredited investors, through definitive offering documents that govern in all respects. Real estate investments involve substantial risk, including the loss of all invested capital, and are illiquid.