All Forum Posts by: Aaron Merriman

LMDG 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.

Whether the property is walking distance to the beach in Long Beach and Santa Monica, or a short walk to the Sunset Strip or The Grove in West Hollywood, our strategy does not change. The focus is always on intrinsic real estate value that translates into long term cash flow and immediate value enhancement.

We have included short videos below for current projects. These videos highlight the projects and surrounding areas. You can also view the videos directly on our website.

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

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,

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,

Recently launched LMDG Fund III has entered into a contract to acquire another building.

The property is located in the prime Alamitos Beach area of Long Beach three blocks from Ocean Blvd and a short walk or bike ride from downtown and the East Village Arts District.

LMDG will improve all twelve units and increase rents by 50%+ over the next 6 - 9 months as tenants vacate the property and units are remodeled.

This acquisition will be Fund III's second property. For more information, download our flyer which outlines the strategy and structure of Fund II, projected returns, and our track record.

Recently launched LMDG Fund III has entered into a contract to acquire another building.

The property is located in the prime Alamitos Beach area of Long Beach three blocks from Ocean Blvd and a short walk or bike ride from downtown and the East Village Arts District.

LMDG will improve all twelve units and increase rents by 50%+ over the next 6 - 9 months as tenants vacate the property and units are remodeled.

This acquisition will be Fund III's second property. For more information, download our flyer which outlines the strategy and structure of Fund II, projected returns, and our track record.

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

LinkedIn | Facebook| Book Appointment

Lujan/Merriman Development Group ("LMDG") is excited to announce the first investor distribution for LMDG Real Estate Value Fund II, LP ("Fund II") with the sale of 315 Cherry Ave in Long Beach, CA. 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. LMDG continues to be pleased with the remaining properties in Fund II and the progress with renovations and the rents being achieved upon stabilization. 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

LinkedIn | Facebook| Book Appointment

OVERVIEW

Lujan-Merriman Development Group ("LMDG") has launched its third fund LMDG Fund III, LP. ("Fund III")

LMDG and its affiliates have completed over $100,000,000 in transactions as an owner. Our goal is to generate stable and growing distributions for our investors while protecting them against downside risk.

INVESTMENT STRATEGY

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.

Fund III will emphasize a long-term hold strategy with a strategic market focus backed by strong fundamental analysis of economics, demographics, and local supply and demand conditions.

SUMMARY

• Fund III Size: $100,000,000
• Target Investor IRR: 8% - 12%
• Target Equity Multiple: 2.0x - 3.0x
• Investment Period: 10 years
• Investment Profile: Value-Add Income
• Property Type: Multifamily, in-fill land, and single-family residential
• Minimum Investment: $50,000
• Management Fee: 0%

For greater detail, download our flyer today.

OVERVIEW

Lujan-Merriman Development Group ("LMDG") is proud to announce the launch of its third fund LMDG Fund III, LP. ("Fund III")

LMDG and it's affiliates have completed over $100,000,000 in transactions as an owner. Our goal is to generate stable and growing distributions for our investors while protecting them against downside risk.

INVESTMENT STRATEGY

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.

Fund III will emphasize a long-term hold strategy with a strategic market focus backed by strong fundamental analysis of economics, demographics, and local supply and demand conditions.

SUMMARY

• Fund III Size: $100,000,000
• Target Investor IRR: 8% - 12%
• Target Equity Multiple: 2.0x - 3.0x
• Investment Period: 10 years
• Investment Profile: Value-Add Income
• Property Type: Multifamily, in-fill land, and single-family residential
• Minimum Investment: $50,000
• Management Fee: 0%

For greater detail, download our flyer today.

OVERVIEW

Lujan-Merriman Development Group ("LMDG") is proud to announce the launch of its third fund LMDG Fund III, LP. ("Fund III")

LMDG and it's affiliates have completed over $100,000,000 in transactions as an owner. Our goal is to generate stable and growing distributions for our investors while protecting them against downside risk.

INVESTMENT STRATEGY

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.

Fund III will emphasize a long-term hold strategy with a strategic market focus backed by strong fundamental analysis of economics, demographics, and local supply and demand conditions.

SUMMARY

• Fund III Size: $100,000,000
• Target Investor IRR: 8% - 12%
• Target Equity Multiple: 2.0x - 3.0x
• Investment Period: 10 years
• Investment Profile: Value-Add Income
• Property Type: Multifamily, in-fill land, and single-family residential
• Minimum Investment: $50,000
• Management Fee: 0%

For greater detail, download our flyer today.