x

RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

United States ( XML Feed )

Jun 22, 2016 8:58 EST

Fiola Communities – Los Angeles County Apartments – a twelve-unit luxury apartment located in the Southeast Los Angeles County market: A clean, well-maintained community of large apartment homes with garages in a quiet, conforming residential neighborhood

iCrowdNewswire - Jun 22, 2016

Los Angeles County Apartments 

Offered By

 
Fiola Communities is a private equity real estate investment firm based in Orange County, California with operations in Northern California and the Pacific Northwest. The firm focuses on core and value-added multifamily investment acquisitions, improving asset value
 

About this Property

Fiola Communities plans to acquire a twelve-unit luxury apartment located in the Southeast Los Angeles County market. It is a clean, well-maintained community of large apartment homes with garages in a quiet, conforming residential neighborhood. The apartments are in excellent proximity to shopping, schools as well as the Long Beach, North Orange County and the South Bay employment centers.

 

Owned by long-term owner/operators, this asset is a property that the company contemplates holding for 3-5 years with returns averaging 16-20% annualized. It will take about 18 months to stabilize the property at which point the sponsor will evaluate a possible sale. Investors receive an 8% preferred return years 1 and 2. If Fiola Communities can achieve target returns at this point, the property will be sold. Otherwise, a refinance will take place to return equity. Investors would receive quarterly cash flow splits during the remaining holding period, and profit split along with any 5% preferred return remaining equity return upon exit.

Key Points

  • Located in an upscale area of Los Angeles County with good proximity to many Los Angeles and Orange County employment centers.
  • The Property has an exceptional unit mix of one and two bedroom units. Most of the two bedroom units are two-floor townhouse style floor plans. All units have enclosed garage parking.
  • There is significant rental upside as the units are currently $400+ less than current market rates of similar properties.
Contact Information:

Fiola Communities

View Related News >
support