HFZ Capital Group

About HFZ Capital Group

HFZ Capital Group is a real estate operator headquartered in New York, NY. HFZ Capital Group operates in Chicago, Illinois, Columbus, Ohio and Madison, Wisconsin. Its investment focus is on Condominiums, Hospitality and Industrial.

HFZ Capital Group was a prominent Manhattan-based real estate investment and development firm founded in 2005 by Ziel Feldman. At its peak, the firm assembled a portfolio valued at over $10 billion, spanning more than 12 million square feet of property. The firm's historical operations focused on Manhattan’s luxury residential market, encompassing adaptive reuse of historic structures, major rental-to-condominium conversions, and ground-up luxury developments. Its marquee project was **The XI** (76 Eleventh Avenue)—a $2 billion, Bjarke Ingels-designed mixed-use development along the High Line. Despite its historical scale, HFZ collapsed after 2020 amid investor lawsuits, partner disputes, debt defaults, and foreclosures that resulted in the liquidation or transfer of its primary assets. In 2024, the Manhattan District Attorney's office indicted the firm, its former managing principal Nir Meir, and other executives for grand larceny, tax fraud, and money laundering in connection with an $86 million fraud scheme involving The XI development.

Principals at HFZ Capital Group

Recent activity at HFZ Capital Group

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HFZ Capital Group's project portfolio

3 projects on file · Single-Family / For-Sale Residential (2), Mixed-Use (1)

Markets and themes

Markets HFZ Capital Group operates in

• Chicago, Illinois
• Columbus, Ohio
• Madison, Wisconsin
• Milwaukee, Wisconsin
• Nashville, Tennessee
• New York City, New York
• Ocala, Florida
• Salem, Oregon
• Tulsa, Oklahoma

Investment themes at HFZ Capital Group

• Condominiums
• Hospitality
• Industrial
• Medical Office & Healthcare
• Multifamily - Ground-up
• Multifamily - Value-Add
• Urban Office

Capabilities

• Asset Management
• Construction Management
• Custom Homes
• High-Rise
• Luxury
• Mixed Use
• Private Equity
• Site Development
• Technology-forward
• Urban infill

Operators similar to HFZ Capital Group

• Oak Realty Group, Inc.
  Emerging tierChicago, IllinoisMilwaukee, Wisconsin+1 more marketMedical Office & HealthcareMultifamily - Ground-up+2 more themes
• Free Market Ventures
  Emerging tierChicago, IllinoisHospitalityMultifamily - Ground-up+4 more themes
• Trevato Development Group
  Emerging tierHospitalityMultifamily - Ground-up+3 more themes
• Skyview Companies
  Emerging tierNew York City, New YorkMedical Office & HealthcareMultifamily - Ground-up+2 more themes
• Zyyo
  Emerging tierNew York City, New YorkHospitalityMultifamily - Ground-up+2 more themes
• Ancorian
  Emerging tierMedical Office & HealthcareHospitality+3 more themes
• Caves Valley Partners
  Emerging tierMultifamily - Ground-upIndustrial+3 more themes
• Exera Asset Management
  Emerging tierNew York City, New YorkMultifamily - Ground-upUrban Office+2 more themes
• ReCap Partners
  Emerging tierNew York City, New YorkHospitalityMultifamily - Ground-up+2 more themes
• CRC Development LLC
  Emerging tierMedical Office & HealthcareMultifamily - Ground-up+3 more themes

Frequently asked questions about HFZ Capital Group

What does HFZ Capital Group do?

HFZ Capital Group was a prominent Manhattan-based real estate investment and development firm founded in 2005 by Ziel Feldman.

Where is HFZ Capital Group based?

HFZ Capital Group is headquartered in New York, NY.

What markets does HFZ Capital Group operate in?

HFZ Capital Group is active in Chicago, Illinois, Columbus, Ohio, Madison, Wisconsin, Milwaukee, Wisconsin, Nashville, Tennessee, and New York City, New York.

How many employees does HFZ Capital Group have?

HFZ Capital Group has 0–1 employees.