Fund III Current Pipeline
In case you missed it, LMDG recently launched its third fund LMDG Fund III, LP ("Fund III"). Fund III will focus on Core/Core+ real estate assets at fair entry points with significant enhancement potential. LMDG will increase the yield of these assets over time which will result in increased value. Fund III targets assets within coastal cities in Los Angeles and Orange County. Key markets include coastal Long Beach, Santa Monica, West Hollywood, and strategic neighborhoods within Los Angeles, and Hollywood.
Fund III currently has two properties under contract and five additional properties in late-stage negotiations. This pipeline encompasses 86 units totaling $26.4M in properties.
To date, we have had excellent interest in Fund III from existing investors. We look forward to hearing from you soon.
For more detail, download our current pipeline.
For more detail on Fund III, download our flyer today.
Regards,