Our Team
Robert Lee
Co-President | Chief Investment Officer
With over 24 years of experience in commercial real estate investments, Rob serves as co-president and chief investment officer of HPA Exchange, and as part of the executive leadership team of its affiliate company, Healthcare Property Advisors (HPA). He leads the firm’s efforts in strategy across acquisitions, dispositions, capital formation and transaction structuring.
Prior to joining HPA’s executive team, Lee served in several founder and principal roles, including an institutional-focused real estate investment banking platform focused on capital placement, structuring and advisory for private and public real estate companies. He has worked with multiple real estate investment platforms and product types placing, advising on, or investing in more than $4 billion in real estate capital for institutional and private investors. In addition to healthcare real estate, Lee has also invested in commercial and multifamily real estate as an owner/operator for over 20 years. Lee serves as a managing principal of Vital Capital Partners, LLC which is the JV entity of HPA Exchange, LLC.
Lee earned a bachelor’s degree in business, with a concentration in marketing, from Eastern Kentucky University (EKU), and an MBA with an emphasis in finance and entrepreneurship from Pepperdine University’s Graziadio School of Management. He holds a California Real Estate Brokers license, is a Certified Commercial Investment Member (CCIM), formerly serving as the president of the Greater Southern California chapter, and is a Chairman Emeritus of the Graziadio’s Alumni Network. Lee is an active member of Young Presidents Organization (YPO), and enjoys travel and all things outdoors, including hiking, skiing, sailing and time with family.
Thùy Turner
Co-President | COO
Thùy Turner serves as co-president and chief operating officer of HPA Exchange, and as chief operating officer of its affiliate company, Healthcare Property Advisors (HPA). She leads the firm’s overall operations initiatives from asset and property management to leasing, investment and financial underwriting.
Turner has over 25 years of commercial real estate experience and has been a CA-licensed broker since 1998. She has extensive real estate experience in managing and leasing office, medical, and retail facilities through her previous tenures with Arden Realty, (Zell’s) Equity Office, PM Realty and Schnitzer Northwest. Turner utilizes her dedicated background to provide oversight of the overall operations, logistics and financial performance of the company. Turner serves as a managing principal of Vital Capital Partners, LLC which is the JV entity of HPA Exchange, LLC.
Turner has a bachelor’s degree in economics from the University of California, Irvine, and an MBA in business administration from California State Fullerton. Turner lives in Orange County and enjoys travel, exploring the outdoors with green hikes, swimming and a fondness for new cuisines.
This is neither an offer to sell nor a solicitation of an offer to buy securities described herein. An offering is made only by the Confidential Private Placement Memorandum (PPM). This sale and advertising literature must be read in conjunction with the PPM in order to understand fully all of the implications and risks of the offering to which it relates. A copy of the PPM must be madeavailable to you in connection with an offering. Prospective Members should carefully read the PPM and review any additional information they desire prior to making an investment and should be able to bear the complete loss of their investment. Securities offered through American Alternative CapitalSM (AAC), LLC, member FINRA/SIPC. Only available in states AAC is registered. American Alternative Capital and HPA Exchange LLC are not affiliated companies. You can check the background of AAC on FINRA’s BrokerCheck.
HPA Exchange LLC 915 W Imperial . Ste. 165 BREA, CA 92821
© HPA Xchange. All Rights Reserved.
Statistical date is as of January 2026. Figures are subject to change.
This is for informational purposes only and should not be relied upon as tax or legal advice. HPA Exchange does not offer legal or tax advice. Because investor situations and objectives vary this information is not intended to indicate that an investment is appropriate for or is recommended to any individual investor. Please consult the appropriate professional regarding your individual circumstance.
This is neither an offer to sell nor a solicitation of an offer to buy securities described herein. An offering is made only by the Confidential Private Placement Memorandum (PPM). All sale and advertising literature must be read in conjunction with the PPM in order to understand fully all of the implications and risks of the offering to which it relates. A copy of the PPM must be made available to you in connection with an offering. Prospective Members should carefully read the PPM and review any additional information they desire prior to making an investment and should be able to bear the complete loss of their investment.
There is material risks associated with investing in private placements and real estate securities including illiquidity, speculation, general market conditions, interest rate risks, financing risks, potentially adverse tax consequences, general economic risks, development risks, and potential loss of the entire investment principal. Prospective investors should perform their own due diligence carefully and review the “Risk Factors” section of any prospectus, private placement memorandum or offering circular before considering any investment.
DST 1031 properties are only available to accredited investors or accredited entities. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney.
An accredited investor is typically defined as having a $1 million net worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last two years; or have an active Series 7, Series 82, or Series 65. Individuals holding a Series 66 do not fall under this definition) and accredited entities only.
An accredited entity is typically a private business development company or an organization with assets exceeding $5 million; or if an entity consists of equity owners who are accredited investors, the entity itself is an accredited investor provided the organization was not formed with a sole purpose of purchasing specific securities.
Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk.
All forward-looking statements address matters that involve risks and uncertainties and investors should be able to bear the loss of their entire investment. All investors should make their own determination of whether or not to make any investment, based on their own independent evaluation and analysis. Past performance is not indicative of future returns or Fund results. Individual investment performance, examples provided and/or case studies are not indicative of overall returns of the Company. In addition, there can be no guarantee of deal flow in the future. Forward looking statements are not statements of historical fact and reflect the Company’s views and assumptions regarding future events and performance.
The securities are offered in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended, and are not required to comply with specific disclosure requirements that apply to registration under the Securities Act. Neither the SEC nor any state regulator has reviewed the merits of or given its approval to the securities, the terms of the offerings, or the accuracy or completeness of any offering materials. The securities are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities.
HPA Exchange, LLC (“HPA”) offers securities through American Alternative Capital, LLC (AAC), a member FINRA / SIPC. HPA and AAC are independent of each other. For more information on AAC, please visit BrokerCheck.