L5 Real Estate Investments Announces Recent Acquisitions and Sales

[Mike Flaherty]

L5 Acquires Apartment Portfolio in Tyler, TX  

Los Angeles, CA (June 28, 2013) – L5 Real Estate Investments (“L5”), a Southern California-based multifamily investment firm, and its partners have recently acquired two apartment communities totaling 300 units in the Tyler, Texas market. Both properties were built in the early 1980s and are solid Class ‘B’ properties with historically high occupancies.   

The investments are positioned to experience growth in the strong Tyler market. The properties stand to benefit from L5’s proposed $771,000 exterior and interior upgrades.  

The deals were sourced through ARA Real Estate Investment Services of Dallas. Financing was provided through Grandpoint Real Estate Capital and M&T Realty Capital.

L5 is looking to expand its investment portfolio in Texas and throughout the Southeast.     

L5 Real Estate Investments is a privately held investment firm that continues to actively acquire multifamily opportunities in emerging U.S. markets. 

L5 Sells its Apartment Portfolio in Odessa, TX

Los Angeles, CA (May 24, 2013) – L5 Real Estate Investments (“L5”), and its partners have recently sold two properties totaling 312 units in the Odessa, Texas market. Both properties were built in the early 1980’s, are sold Class ‘B’ communities and were each 100% leased at the time of sale.  

The Odessa TX market continues to boast occupancy of 98%+ and is well-known as a center for petroleum and natural gas output.  

L5 is looking to expand its investment portfolio in Texas and the Southeast.     

The deal was sourced through ARA Real Estate Investment Services of Dallas.

L5 Real Estate Investments continues to actively acquire multifamily opportunities in emerging U.S. markets.