Active
Creative office
Los Angeles, CA
Overview
Asset class
Real estate
Asset type
Creative office
Strategy
Opportunistic
Funds
Development eREIT
West Coast eREIT
Update
New acquisition
July 31, 2020
Thanks to a combination of high-profile tech companies, new public 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: Commercial redevelopment in South LA
View update
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
Opportunistic
Acquire and (re)develop properties, often from the ground up
- Expected variability of return: Very High
- Timing of expected return: Often two years or more to begin seeing returns
- Primary expected source of returns: Growth
This section is intended to provide a general overview of the Opportunistic 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
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.
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.
