10 Units - Santa Monica - Acquired
LMDG Fund III in partnership with LMDG Real Estate Value Fund II has acquired its first and tenth property respectively.
The property is located in Santa Monica in the north of Wilshire neighborhood just a few blocks from the Pacific Ocean.
This property will be delivered with three vacant units which can be renovated and stabilized at market rents immediately.
LMDG will renovate the remaining units as tenants relocate. We anticipate rents to increase by 50%+ as the property is stabilized.
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For more information on Fund III, download our flyer which outlines the strategy and structure of the fund as well as projected returns, and our track record.