Active
Creative office
Los Angeles, CA
Overview
Asset class
Real estate
Asset type
Creative office
Strategy
Value add
Funds
Development eREIT
West Coast eREIT
Updates
New acquisition
August 6, 2019
Thanks to a combination of tech, transit, and a chronic undersupply of housing, we believe this area is positioned to experience outsized growth over the next seven to ten years.
New acquisition: Office renovation in South LA
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Progress update
September 22, 2020
With this acquisition, we now own an entire city block along the West Jefferson corridor, an area that we believe has outsized growth potential over the next several years.
Update: Acquisition of adjacent property completes ownership of full city block
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Progress update
October 7, 2021
Mother Industries’ new office will occupy a block-long space on West Jefferson Boulevard, which we assembled from three adjacent but previously separate lots.
Lease signed with creative advertising company for office space in South Los Angeles
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Asset type
Creative office
Creative offices are properties acquired and redeveloped to be leased out for creative office space (e.g. entertainment, advertising, fashion) and/or restaurants.
Our strategy
Value add
Acquire real estate that needs improvements and / or lease-up.
- Expected variability of return: High
- Timing of expected return: Several months to a year
- Primary expected source of returns: Growth with some rental income
This section is intended to provide a general overview of the Value add 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 funds
Development eREIT
Closed Real estate
The Development eREIT focuses on renovation and new construction, which typically requires longer hold times to complete the full business plan, but benefits from building to a lower cost basis than available in the acquisition of stabilized property.
The per share purchase price of Development eREIT is equal to the greater of $10.00 or NAV. In other words, when Development eREIT's NAV is equal to less than $10 per share, the purchase price of Development eREIT will be $10.00.
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.
