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title: 4 Units - Glassell Park (Los Angeles) - Acquired
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 Lujan/Merriman Development Group through its current fund has acquired a 4 unit building in the Glassell Park area of Los Angeles

| Not rendering correctly? View this email as a web page here. 4 Units - Glassell Park (Los Angeles) - Acquired LMDG Real Estate Value Fund II ('Fund II') has acquired its most recent property, a 4 unit value-add apartment building.  This property is located in the Glassell Park neighborhood of Los Angeles. Glassell Park is experiencing significant and steady demographic shifts due to its abundant craftsman and hillside homes and close proximity to downtown Los Angeles.   Glassel Park stands to benefit from the city's $1.6 billion Los Angeles River revitalization project. The project will restore habitat, widen the river, create wetlands, and provide access points and bike trails along an 11-mile stretch of the Los Angeles River that runs from downtown Los Angeles through Glassell Park LMDG will improve all of the units and increase rents by 50%+ over the next 6 - 9 months as tenants vacate the property and units are remodeled.   If you missed any of our recent updates, they are all available on our website on our news page. Fund II is closing in May to new investors.  For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.  F       Project   Name: Glassell Park Lot Size: 9,810 sq. ft.  Units: 4 Location: Glassell Park (Los Angeles) Stabilized Cap Rate: 8%+         Glassell Park Glassell Park is a desirable, up and coming neighborhood due to its close proximity to downtown Los Angeles.  In 2016, the median home price in Los Angeles County rose by 7%; in the same period, the median home price in Glassell Park rose 25%.            Fund II Investor Terms   Fund: LMDG Real Estate Value Fund II, LP   Fund Size: Up to $15 million of equity   Manager: Lujan/Merriman Development Group   Term: Five years   Equity Ownership: 30%   Distributions: Cash flows from operations and       sales to be determined quarterly   Fund II Target Investments   Acquisition Size: $1.5 - $5 million   Property Types: Multifamily, In-fill land, Single-        family residential   Location: Coastal markets within Orange County      and Los Angeles County as well as key sub-              markets within Los Angeles and Hollywood   Target Return: 12% - 15%+ net IRR 1.5x - 2.0x net Multiple Lujan/Merriman Development Group 5050 E. 2nd Street #14806 Long Beach CA 90853 United States Preferences \| Unsubscribe |
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