Marquis Apartment Homes
Real Estate Investment Opportunity
41 Units in Garden Grove
We are pleased to offer for your consideration what we anticipate will be our tenth (10th) real estate investment. We have just gone under contract to purchase Marquis Apartment Homes a 41 unit multifamily asset in Garden Grove, a leading submarket in Orange County.
Marquis meets our very selective buying criteria, including:
Ideal size (41 units) with an attractive unit mix and unit sizes – (31 one bedroom +/- 750 SF and 10 two bedroom +/- 1,000 SF).
- Right in the heart of Orange County, one of the best performing multifamily investment markets.
- Marquis is on Lampson Avenue, a primary well-traveled artery for transportation through Orange County. This high visibility location will help us achieve our investment objectives, with great street frontage and highly noticeable to the large pool of tenants we are going after, especially once we have completed our upgrades to the property.
- Marquis is eight miles from our office and surrounded by our other activity in the area – right in the center of our sphere of influence. We will be able to hit the ground running with everything in place to effectively manage this investment.
Work Force Housing
Marquis provides Work Force Housing a solid segment of the market with continued increasing demand and lack of supply.
Value Add Investment
Marquis is a value add investment. Marquis needs to be modernized – both its operations and the physical asset itself. We can use our experience, expertise and platform to both improve operations (raise rental income the asset produces) and add value through targeted capital improvements to reposition the asset in its market. Through adding additional value, we will be able to enhance investment returns.