Gregg Sandreuter
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- Full Name
- Gregg Sandreuter
- Title
- Managing Partner
- Firm
- HM Partners
- Firm Type
- Privately held commercial real estate investment and development company
- Investment Stage
- Project-level real estate acquisition, development, renovation, and joint-venture investment
- Target Company Profile
- High-quality, strategically located commercial real estate projects in the Raleigh/Durham, North Carolina market, especially infill office, multifamily, urban mixed-use, and street-level retail
- Sector Focus
- Commercial real estate; office; multifamily; mixed-use; urban street-level retail
- Geographic Focus
- Raleigh/Durham, North Carolina; broader Carolinas through project-specific partnerships
- Location
- Cary / Raleigh-Durham, North Carolina
Background
Gregg Sandreuter is a commercial real estate developer and investor in the Raleigh-Durham market and is listed by Downtown Raleigh Alliance as Managing Partner of HM Partners. HM Partners describes itself as a privately held commercial real estate investment and development company focused on high-quality properties in Raleigh/Durham, acquiring and developing infill office, multifamily, and street-level retail space on strategic suburban and urban sites.
Sandreuter’s real estate career in Raleigh dates back to 1988. HM Partners says Sandreuter and Beacon Partners managing partner Pete Lash began their real estate careers together in Raleigh that year; since then, the two individuals and their firms have participated in more than $1 billion of commercial real estate transactions in the Carolinas through various LLCs and partnerships. Preqin identifies Beacon Partners as formerly known as Oaklane Capital, a real estate firm focused on acquisition, development, rehabilitation, management, and leasing across office, residential, industrial, and mixed-use properties.
Earlier public bios list Sandreuter as a Partner at Beacon Partners, where he directed development and acquisition activities in the Raleigh-Durham market and worked on office, flex, and urban mixed-use projects. The same bio states that he earned a B.A. in history from Hamilton College and an M.B.A. from Harvard Business School; his LinkedIn profile also lists Harvard Business School from 1986 to 1988.
Sandreuter remains active in civic and industry networks. In 2026, Downtown Raleigh Alliance listed him on its board of directors, and the YMCA of the Triangle announced him as the new Chair of its Board of Directors. He has also appeared in NAIOP programming tied to the 400H project in downtown Raleigh.
Investment Thesis & Focus
- HM Partners’ stated focus is “high quality properties in the Raleigh/Durham North Carolina marketplace,” with acquisitions and development of infill office, multifamily, and street-level retail on strategic suburban and urban sites.
- The firm says “complicated urban mixed use projects are one of the firm’s specialties,” which matches Sandreuter’s record on projects such as 400H, Edison SkyHouse, Edison Lofts, and The Dawson.
- HM Partners funds projects using its own capital alongside debt and equity capital from high-net-worth individuals, family offices, institutional investors, and lenders.
- The firm’s own operating language emphasizes place-making and stakeholder value: “We create great places where people love to live and work.”
- Sandreuter appears to invest through project-specific entities and partnerships rather than as a seed-stage technology VC. I found no reliable evidence supporting the stub’s “Seed Round” designation.
Notable Investments
- 400H: A 20-story vertically mixed-use building at 400 Hillsborough Street in Raleigh with office, retail, and apartments; The News & Observer reported the project at about $175 million with 150,000 square feet of office, 242 apartments, 16,000 square feet of retail, and a 645-space parking deck.
- Edison SkyHouse: 23-story, 320-unit high-rise apartment building at 308 S. Blount Street in Raleigh.
- Edison Lofts: 6-story, 223-unit mid-rise apartment building at 131 E. Davie Street in Raleigh.
- Edison Office: Planned/listed 20-story, 300,000-square-foot high-rise office building at 300 E. Martin Street in Raleigh.
- The Dawson: 5-story, 66-unit mid-rise residential building at 317 E. Morgan Street in Raleigh.
- Page Park: 94-acre project at I-40 and Page Road in Durham, listed by HM Partners as including 500,000 square feet of office, 244 apartments, and 140 townhomes.
- Garden West: A $1 million renovation of a historic 1950s industrial building at 15 N. West Street in Raleigh into potential restaurant spaces; York Properties reported in December 2024 that Sandreuter of HM Partners was leading the project.
- Fuquay-Varina downtown mixed-use project: WRAL reported in 2024 that HMP, managed by Sandreuter, was tied to a proposed project near Town Hall that could include about 244 apartments, 20,000 square feet of ground-floor retail, and a 420-space parking deck.
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