REAL ESTATE BUSINESS
Just over 16 years. Two major Real Estate cycles. The transformation of the Los Angeles and global market landscape. An active participant in both commercial and residential sales and investments spanning all across L.A. and Orange County. This is what Daniel brings to the table in terms of knowledge and experience.
Finding multifamily deals in Los Angeles is a daunting task in today's marketplace. There are only a very limited number of actively marketed apartment buildings available on market. The nature of off-market transactions has given way to what equates to nearly 80% of all the deals trading today.
My primary focus has been solely the acquisitions and dis-positioning of multifamily buildings throughout Los Angeles. The edge and value-add I offer to clients comes from continuously growing market penetration in multiple neighborhoods, which creates opportunities in being able to deliver off-market inventory to investors not looking to compete in the open market for deals.
Trading up to better performing assets? What about cash flow as a form of wealth preservation? What about simply looking for an exit from the business itself? These are all genuine concerns for the investor or owner who has been or is looking for a building to buy or sell.
LOS ANGELES REAL ESTATE
Quite possibly the most robust city in America today, L.A. Now sits at the top of almost everyone's destination place from both locally and abroad.
Someone once said that L.A. is a place to make it if you want to be a star. Right now, there is no bigger star than the city itself. Hundreds of billions of investment dollars had landed in the real estate market, funding major development sites all across town. Investors are finding more ways to get their money into the flow of projects that have come out of the ground over the past decade. Downtown is especially evident of the mass foreign influx of wealth and capital chasing any yields they can find.
Several thousand residential units are expected to come online by the end of 2018 in the Los Angeles multifamily sector alone. However, this is still not enough to keep up with the demand of housing that still currently plagues the city. Affordable housing starts have risen, and this type of asset is highly sought after for the mere value in what it does to help curb the housing crisis. More investors are starting to shift their development patterns towards these types of opportunities, which bodes well for the city long term.