Greenbridge Investment Partners, a Los Angeles-based commercial real estate investment firm, has entered the multifamily market with the acquisition of a trio of apartment properties in the San Fernando Valley totaling $14.8 million.
The company, which purchases underachieving projects with the highest potential of becoming “best-in-class” assets, has taken ownership of 15042 Dickens St. in Sherman Oaks for $5.9 million; 21133 Saticoy St. in Canoga Park for $5.3 million; and 13001 Vanowen St. in North Hollywood for $3.6 million.
“Greenbridge specializes in identifying properties that are ripe for significant profit potential, but often overlooked by other owners and investors,” Greenbridge Partner Josh Farahi said in a statement. “As Southern California emerges from the pandemic and its significant impact on public and rent behavior, these assets became available in the right places at the right time — just as multifamily real estate is regaining its pre-pandemic momentum.”
The company’s newly created multifamily portfolio is a combined 60,000 square feet of space and 56 units.
Founded in 2012, Greenbridge Investment Partners has developed an extensive portfolio of prime properties across multiple commercial sectors, including 19500 Ventura Medical Oasis in Tarzana and the former Pasadena Star-News building at 525 Colorado Blvd. in Pasadena.
Comments are closed.