Hillside Enterprises, the investment platform focused on backing visionary founders at the venture stage, has successfully completed the sale of a 5.37-acre property in Mammoth Lakes, California, for $18 million.
The parcel, previously operated as a parking lot in the heart of Mammoth Lakes, was held as a non-core real estate investment. The divestment underscores Hillside’s disciplined approach to capital allocation, realizing value when market conditions are favorable and redeploying proceeds into high-growth venture opportunities.
“This transaction demonstrates our ability to act with discipline and agility, realizing value from non-core assets while sharpening our focus on supporting visionary founders at the venture stage,” said Timothy Manna, CEO of Hillside Enterprises.
Felipe Silva, Head of Operations at Hillside Enterprises, added: “Executing this transaction in a complex market environment reflects the strength of our team and our commitment to consistently delivering value across strategies.”
About Hillside Enterprises
Hillside Enterprises is a global investment platform with offices in Dubai, London, and Los Angeles. The firm primarily partners with visionary founders at the venture stage, backing high-growth technology companies, while also managing select opportunistic investments across asset classes. Hillside’s mission is to create long-term value through disciplined capital allocation and a diversified investment approach.