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Aaron Merriman
  • Investor
  • Long Beach, CA
56
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237
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LMDG Fund II Closing Soon

Aaron Merriman
  • Investor
  • Long Beach, CA
Posted Mar 14 2019, 15:51

LMDG Real Estate Value Fund II, LP has acquired four assets to date with three in escrow and our pipeline is strong.

Our first investment was an 8 unit value-add apartment building located in Alamitos Beach (Long Beach, CA). The property was acquired at approximately 60% of replacement cost and is operating at rents 40% below market.

The interior renovation is complete and the property has been stabilized in eight months with a 50% increase in property value and healthy cash flow. For additional information, check out our current projects.

The property is located near Long Beach's Retro Row and Bixby Park and a short walk to the sand.

For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.

The target return for the fund is 15%-18% net IRR based on past performance.

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