---
title: 5 Units - Ocean Views Belmont Heights (Long Beach) - In Escrow 🏖️
---

 LMDG through its current fund LMDG Fund III has entered escrow to acquire a five-unit building in Belmont Heights blocks from the beach.

| Not rendering correctly? View this email as a web page here. 5 Units - Belmont Heights (Long Beach) in Escrow LMDG Fund III has entered into a contract to acquire another building.  The property is located in the Belmont Heights area of Long Beach, just a short walk from the shops and restaurants of 2nd Street and the ocean.  This property also offers excellent ocean views. LMDG will improve the operating efficiencies of the building and increase rents over time as tenants turn over.  The building's Core+ location is in line with the Fund III strategy of long-term yield generation for our investors. Visit our website and enjoy short videos that highlight current projects and the areas we invest in. For more information, download our flyer which outlines the strategy and structure of Fund II, projected returns, and our track record.       Project   Name: Belmont Heights Size: 4,200+ sq. ft.  Units: 5 Location: Alamitos Beach (Long Beach) Stabilized Cap Rate: 8%+         Belmont Heights Belmont Heights is a district in the south-east portion of Long Beach, CA.  Bordering the Pacific Ocean and the more commercial community of Belmont Shore.  Belmont Heights was incorporated in 1908 and annexed to Long Beach in 1909.  The architectural style in the district is predominately Craftsman.         Fund III Investor Terms   Fund: LMDG Fund III, LP   Fund Size: Up to $100 million of equity   Manager: Lujan/Merriman Development Group   Term: 10 years   Equity Ownership: 70%   Distributions: Cash flows from operations and       sales to be determined quarterly Management Fee: 0%   Fund II Target Investments   Acquisition Size: $1.5 - $7.5 million   Property Types: Multifamily, Urban In-fill   opportunities, Single-family residential   Location: Coastal markets within Orange County      and Los Angeles County.  Key Sub-markets include   coastal Long Beach, Santa Monica, West   Hollywood, and Hollywood.   Target Return: 8% - 12%+ net IRR 2.0x - 3.0x net Multiple Lujan/Merriman Development Group 5050 E. 2nd Street #14806 Long Beach CA 90853 United States Preferences \| Unsubscribe |
| --- |