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LMDG Real Estate Value Fund II ('Fund II') has acquired its most recent property, a 7 unit value-add apartment building. This is Fund II's second purchase in the highly-desirable Belmont Shore area of Long Beach, it is just a short walk from the shops and restaurants of 2nd st., the Belmont Pier, and the Pacific Ocean.
LMDG will improve all of the apartments and increase rents by 50%+ over the next 9 - 12 months as tenants vacate the property and units are remodeled.
Fund II currently has $5 million in properties in escrow to be acquired during the second quarter of 2019. Fund II is closing in May 2019 to new investors, contact us to learn more.
The principals of Lujan/Merriman Development Group have completed over $100 million of transactions since inception. For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.
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