Properties

Portfolio

The Verandas Apartments

Investment Thesis: Acquire a luxury property in a growing area near Warner Center, aimed at securing a strong price and benefiting from the area's development momentum.

Legends at Rancho Belago

Investment thesis: Buy the property at a low basis in an area starting to experience significant growth. The strategy was to implement a value add program to compete with newer product and achieve strong market rents.

Rose Heights Apartments

Investment Thesis: Execute a value-add program on a competitively priced property in a high-growth market, aiming to boost value through renovations and higher market rents while leveraging the area's economic growth.

Azul Baldwin Park

Investment Thesis: The strategy was to capitalize on downtown Orlando's rapid growth by acquiring a property in a prestigious nearby suburb. The plan involved increasing rents, making cosmetic upgrades to attract higher-end renters, and reducing loss to lease.

Linden on the GreeneWay

Investment Thesis: The property was acquired during the Covid period when rents were low, with a strategic plan to raise rents as the market rebounded, reduce loss to lease, and align the property’s performance with current market rates.

Ashford Place Apartments

Investment Thesis: We identified a property in a high-growth market with attractive, assumable low-rate debt. Our strategy was to complete the already started value-add program and to achieve top market rents to maximize investor returns.

West Oak Apartments

Investment Thesis: Drive value through interior unit renovations, operational efficiencies, and rent growth in a supply-constrained, high-demand submarket.

Full Cycle

Wilcox Residences

Location: Hollywood, Los Angeles
Acquisition Price: $7.3 million
Sales Price: $13.8 million
IRR: 30.4%
Multiple: 4.42x

The Hillpointe Luxury Apartments

Location: Hollywood, Los Angeles
Acquisition Price: $7.4 million
Sales Price: $13.4 million
IRR: 37.5%
Multiple: 5.17x

The Culver

Location: Palms, Los Angeles
Acquisition Price: $8.8 million
Sales Price: $15.7 million
IRR: 31.3%
Multiple: 3.77x