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Completed

Real estate debt

Los Angeles, CA

Overview

Asset class

Real estate

Asset type

Real estate debt

Strategy

Fixed income

Funds

Updates

New acquisition

April 23, 2019

This is our first investment to date in Mid-City, a centrally-located neighborhood west of downtown LA.

New acquisition: Apartment pre-development in LA

Exit

February 18, 2022

The project generated an annualized return of roughly 9.4%, supporting quarterly dividends for West Coast eREIT investors.

Investment in new apartments in LA pays back successfully

Location

Los Angeles, CA

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Asset type

Real estate debt

Real estate debt involves financing a stage (land development, construction, etc) of the builders’ development in return for interest payments over a set duration of time.

Real estate debt

Our strategy

Fixed income

Provide real estate backed loans or similar financing

Expected variability of return: Low
Timing of expected return: Typically begin earning interest immediately
Primary expected source of returns: Interest income

More about our strategies

This section is intended to provide a general overview of the Fixed income strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.

Associated fund

West Coast eREIT

Closed Real estate

The West Coast eREIT primarily focuses on lending to multifamily developers and acquiring commercial urban infill properties for repositioning, with a concentration in Los Angeles, a market with high barriers to entry for new development.

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