HCI Group Real Estate Division Acquires New Office Building

TAMPA, Fla., Oct. 27, 2017 (GLOBE NEWSWIRE) -- Greenleaf Capital, LLC, the real estate division of HCI Group, Inc. (NYSE:HCI), has acquired the Century Park office property in Tampa, Florida for $9.1 million.

Located in Tampa’s Westshore business district just across the street from HCI’s current corporate headquarters, the 7.9 acre parcel includes a four-story, 68,900 square-foot office building occupied by Bank of America North America under a long-term lease.

About Greenleaf Capital
Greenleaf Capital, LLC is the real estate division of HCI Group, Inc. Greenleaf owns and manages several Florida real estate properties, including office buildings in Ocala and Tampa, a marina and retail shopping center in Tierra Verde, a marina and restaurant in Treasure Island with adjacent undeveloped land, a Publix-anchored retail shopping center in Sorrento, Florida, and a Fresh Market-anchored retail shopping center in Melbourne, Florida.

About HCI Group, Inc.
HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including homeowners’ insurance, reinsurance, real estate and information technology. The company's largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., is a leading provider of property and casualty insurance in the state of Florida.

The company's common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com.

Company Contact:
Kevin Mitchell, Vice President of Investor Relations
HCI Group, Inc.
Tel (813) 405-3603
kmitchell@hcigroup.com

Investor Relations Contact:
Matt Glover and Najim Mostamand, CFA
Liolios Group, Inc.
Tel (949) 574-3860
HCI@liolios.com

Source:HCI Group, Inc.