The acquisition allows HC Global to extend its reach from traditional fund vehicle support into the operational complexities of hospitality assets. This expansion covers the entire lifecycle of a property, including start-up finance, construction accounting, and ownership transitions. The firm will now provide USALI-compliant reporting alongside its existing fund administration and tax compliance services, operating through a global network spanning six countries.
HC Global Acquires Benchstrength to Consolidate Real Estate Accounting
San Francisco-based HC Global Fund Services has acquired Benchstrength vCFO, Inc., a move that bridges the gap between high-level fund administration and granular property-level accounting. By integrating Benchstrength’s hospitality focus, HC Global intends to provide a unified financial stack for real estate managers who previously juggled multiple service providers.
Benchstrength founder Warren Cruz will join the leadership team as Managing Director to head the newly formed Hospitality practice. Cruz brings over 25 years of industry experience, including previous executive roles at Sightline Hospitality and Atrium Hospitality, where he managed significant portfolio transitions. Roselle Polo, Managing Director at HC Global, noted that the integration aims to position the firm as a single-source provider for real estate funds, effectively consolidating back-office operations under one roof to streamline data flow and reporting.
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