For 20 years, HM Equity Management has taken a hands-on approach to every property, from acquisition and renovation through stabilization and exit. Since 2007, we have completed more than 20 full-cycle transactions.
01
Know the market
Local relationships and property-level underwriting shape where we invest and the opportunities we pursue.
02
Own the execution
We oversee leasing, collections, renovations, and expenses, measuring property performance against the investment plan.
03
Build the partnership
Investors work directly with our principals and receive clear updates on property performance and business-plan progress.
$1B+Total transaction volume
21Listed realized investments
6,500+Units acquired
02 / OUR PORTFOLIO
Our current portfolio
Communities under our management. A history of active ownership across Texas.
Build a clear picture of the asset, align decision rights, and coordinate the management handoff.
Property and operating review
Staffing, vendors, and resident communication
Cash controls and reporting cadence
A PROPERTY-SPECIFIC PLAN. PRINCIPAL-LEVEL ACCOUNTABILITY.
03 / LEADERSHIP
The people behind the partnership
Ian Hancock and Benjamin Cohen are the principals of HM Equity Management. They lead investment decisions and property operations, supported by a professional staff with more than 30 years of experience in asset management, back-office accounting, loan administration, and compliance.
CHIEF EXECUTIVE OFFICER & PRINCIPAL
Ian Hancock
Ian leads HM Equity’s property operations, asset management, and investment strategy. His experience includes acquiring 29 multifamily communities comprising more than 6,500 units across Texas.
More About Ian +
Ian founded HM Equity in 2006 after moving from London to Houston. He began his real estate career in 1995 and holds a BSc (Hons) in Estate Management from the University of Reading.
PARTNER & PRINCIPAL
Benjamin Cohen
Benjamin oversees acquisitions, capital formation, investment strategy, and capital markets, including equity partnerships, lender relationships, underwriting, and broker relationships.
More About Benjamin +
Since 2022, Benjamin has been involved in the acquisition and operation of more than $100 million in Houston multifamily real estate. He earned his Bachelor of Science from Queens University of Charlotte in 2022.
Why settle for another account at a national firm?
Put your asset in the hands of principals who own and operate multifamily real estate themselves.
LUBBOCK, TEXAS
LENDER MANAGEMENT / IN PRACTICE
Estrada South II Progress at the property level
Engaged as a third-party manager for a lender, we took over Estrada South II at 15% occupancy. Eighteen months later, occupancy reached 60% and the property is under a purchase and sale agreement.
15%Occupancy at takeover
60%Occupancy after 18 months
Under PSACurrent transaction status
Management update as of October 2026. Sale has not closed.
01 / LENDER-FOCUSED PROPERTY MANAGEMENT
Managed with an ownership mindset
We evaluate a distressed property the way we evaluate our own investments: what can be leased, what can be collected, and where expenses can be reduced responsibly. Our principals stay involved in the decisions and the work needed to improve operations.
01
Transition & takeover
Coordinate records, staffing, vendors, property access, and resident communications around a practical transition plan.
02
Leasing & collections
Target effective gross income growth through lease-up, resident retention, disciplined concessions, and consistent collections. Address delinquency with clear processes and property-level follow-through.
03
Expense & cash control
Scrutinize vendor contracts, staffing, recurring expenses, and payables. Seek sustainable year-over-year cost reductions while protecting essential maintenance and resident service.
04
Asset preservation
Prioritize maintenance, life-safety issues, deferred repairs, and capital needs to protect the community and its residents.
05
Lender-grade reporting
Track occupancy, effective gross income, collections, delinquency, and expenses against the operating plan. Give lenders direct visibility into progress, variances, and decisions that need attention.
06
Disposition readiness
Organize operating records and support property access, diligence, and transition planning when the lender is ready to pursue an exit.
02 / WHO WE SERVE
A focused mandate A practical response
Lenders and servicers with foreclosed REO needs. HM Equity has operated in Houston for more than 20 years, with experience across Texas.
REO & lender-owned communities +
Establish operational control after the lender takes title, with priorities tied to asset preservation, cash flow, and the intended hold or disposition strategy.
Lender-directed property operations +
Manage day-to-day operations under a scope agreed with the lender or servicer, with clear approval requirements and regular reporting.
Foreclosure & management transitions +
Prepare a coordinated management transition around the applicable legal process, access rights, and appointment. Keep property operations and resident needs in focus.
03 / OUR PROCESS
From first assessment to a clear operating plan
01 / ASSESS
Understand the asset
Review the property, loan status, operating data, immediate issues, and lender objectives.
02 / MOBILIZE
Establish control
Agree on scope and authority, coordinate the handoff, and set immediate operating priorities.
03 / EXECUTE
Measure the progress
Review leasing, collections, delinquency, and spending against the plan. Adjust execution as property performance and the lender’s resolution strategy evolve.
PRINCIPAL-LED / PROPERTY-FOCUSED
Experienced operators Direct accountability
Ian Hancock and Benjamin Cohen bring 20 years of experience managing and operating HM Equity’s own assets to lender assignments. Our principals oversee the operating plan, supported by experienced staff responsible for asset management, accounting, loan administration, and compliance.
