LMDG Fund II Issues First Investor Distribution

[Aaron Merriman]

Lujan/Merriman Development Group ("LMDG") is excited to announce the first investor distribution for LMDG Real Estate Value Fund II, LP ("Fund II"). 315 Cherry Ave was acquired in June 2018 and was completely renovated and stabilized with new tenants over the past year. Gross rental income for the project increased over 80% from the time of acquisition. The property was sold in July 2019 generating a project level IRR of 46% and an equity multiple of 1.43.  Additional distributions are expected for 2019. LMDG has also chosen to eliminate the 2% management fee for Fund II.

LMDG is proud to announce the launch of its third fund LMDG Fund III, LP. ("Fund III") Fund III will focus on intrinsic real estate value that translates into long term cash flow and immediate value enhancement. Fund III targets assets within coastal cities in Los Angeles and Orange County as well as strategic neighborhoods within Los Angeles, Hollywood, and West Hollywood.

The first property going into Fund III, a 10 unit building in Santa Monica, is currently in escrow and is expected to close during Q4 of 2019.

For more detail, download the Fund III flyer today.

Regards,

Aaron Merriman

Direct: +1 949 677 7858

Office: +1 949 630 2483

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