Despite challenging conditions, the real estate investment firm Apartment Ventures achieves positive outcomes across the board.
CYPRESS, Calif., Jan. 27, 2025 /PRNewswire-PRWeb/ -- While hopes were high that 2024 would be a good year for investors, flagging interest rates and political uncertainty ultimately led to a difficult climate for the industry. Despite this, Apartment Ventures saw marked success in 2024 on multiple fronts and in the face of complex challenges. The firm oversaw the disposition of a $200M family office portfolio that resulted in $70M of new real estate investment for Apartment Ventures, as well as a refinance that netted $16M return of capital for investors. These accomplishments were possible due to Apartment Venture's deep relationships in the region, their consistent engagement with the professional community, and their overall commitment to excellence.
Apartment Ventures managed the disposition of a family office portfolio comprising six properties and representing over $200M of value. The opportunity was born of a decades-long relationship and a reputation of achievement in the face of complexity. The firm advised on the disposition, performing a detailed analysis and ensuring strong representation throughout the process.
For investors that were party to the disposition but chose not to leave real estate, Apartment Ventures oversaw and guided complex 1031 exchanges, resulting in the acquisition of two new properties – Las Vegas's Millennium East Luxury Apartments (a $53M asset with 236 units) and Citra Apartments in Phoenix, AZ (a $17M asset with 72 units). Performed on a challenging timeline and in a competitive environment, these exchanges required careful planning and strong connections with industry partners. These acquisitions represent the firm's commitment to investing in the Southwest and provided investors an opportunity to diversify out of Southern California.
In late Q3, Apartment Ventures also successfully completed a $47M refinance that released $16M of equity to investors with very favorable loan terms.
"We're proud of our ability to successfully guide complex transactions in a competitive marketplace," says Kari Wilfong, Principal & COO. "We stay well-informed, and by doing so, we're able to seize opportunities." All of the firm's achievements in 2024 required agility, attentiveness to the markets, and consistent engagement with our investor, lender, and broker partners.
Apartment Ventures focuses on responsible, reliable returns through intelligent strategies and experience in multifamily investment markets in Southern California, Arizona, and Nevada.
Media Contact
Kari Wilfong, Apartment Ventures, 1 (714) 379-9900, [email protected], apartmentventures.com
SOURCE Apartment Ventures
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