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Hines U.S. Property Partners (HUSPP), Hine’s flagship commingled U.S. core plus fund, has acquired two class A multifamily investments, The Lenox & Quinn in Jersey City, N.J., and The Rise in Walnut Creek, Calif., as well as an infill industrial portfolio, Boulevard Oaks in Houston. The three assets total approximately $454 million in investment volume and bring the fund’s gross asset value to $2 billion.

HUSPP, Hines’ open-ended, diversified fund targeting next-generation assets in top-performing submarkets throughout the United States, has selectively acquired more than $1 billion of properties during the past 12 months across living, industrial, grocery-anchored retail, medical office, and select developments around the United States. The fund is now more than 80 percent allocated to the industrial, living and alternative sectors.