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Tuesday, May 17, 2022

Investment Firm Buys Valley Multifamily Portfolio

Greenbridge Investment Partners, a Los Angeles-based commercial real estate investment firm, has entered the multifamily market with the acquisition of a trio of apartment properties in the San Fernando Valley totaling $14.8 million. 

Greenbridge Investment Partners, a Los Angeles-based commercial real estate investment firm, has entered the multifamily market with the acquisition of a trio of apartment properties in the San Fernando Valley totaling $14.8 million.

The company, which purchases underachieving projects with the highest potential of becoming “best-in-class” assets, has taken ownership of 15042 Dickens St. in Sherman Oaks for $5.9 million; 21133 Saticoy St. in Canoga Park for $5.3 million; and 13001 Vanowen St. in North Hollywood for $3.6 million.

“Greenbridge specializes in identifying properties that are ripe for significant profit potential, but often overlooked by other owners and investors,” Greenbridge Partner Josh Farahi said in a statement. “As Southern California emerges from the pandemic and its significant impact on public and rent behavior, these assets became available in the right places at the right time — just as multifamily real estate is regaining its pre-pandemic momentum.”

The company’s newly created multifamily portfolio is a combined 60,000 square feet of space and 56 units.

Founded in 2012, Greenbridge Investment Partners has developed an extensive portfolio of prime properties across multiple commercial sectors, including 19500 Ventura Medical Oasis in Tarzana and the former Pasadena Star-News building at 525 Colorado Blvd. in Pasadena.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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