Larrea Partners on a case by case basis is looking for strategic opportunities within the Southern California multifamily market to reposition and/or re-entitle select assets.
Rent Control, Non Rent Control, Existing Properties with Excess Land
Current Allocation Requirements
Coastal, and infill urban areas preferred
18%+ levered IRR, or 200bps spread between terminal cap rates and proforma stabilized yield on cost
1.75x + preferred
Holding Period- 1-5 Years