LMDG FUND III HAS ACQUIRED AN ICONIC OCEAN BLVD APARTMENT BUILDING IN LONG BEACH THAT HAS NOT TRADED IN NEARLY 30 YEARS!
The 14-Unit mid-century building constructed in 1951 consists of all one-bedroom apartments and is located on Long Beach's iconic Ocean Blvd. This acquisition is in-line with our policy of paying fair prices for prime locations.
The building will be held-for-rent and units will be renovated over time as apartments turn-over.
This is the fourth acquisition for Fund III and is consistent with our long-term conservative approach to investing. We are focused on protecting investor capital and building wealth at reasonable rates of return over time.
LMDG Fund III is still open for investment. For more information, download our flyer which outlines the strategy and structure of Fund III, projected returns, and our track record.
Kindest Regards,
