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title: Property Sold - 168% ROI - 11 Months
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 Lujan/Merriman Development Group recently sold 717 E. 1st Street. This transactions ROI was 168%, 2.7x multiple, all in 11 months.

| Not rendering correctly? View this email as a web page here. Downtown Long Beach Property Sold - 168% ROI LMDG is proud to announce the sale of one of its legacy assets, 717 E. 1st Street.  A prime four-unit apartment building located in downtown Long Beach one block from Ocean Blvd.  717 E. 1st Street is an excellent representation of LMDG's value-add investment strategy. Fund II is still open for investment.  For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.       Project Profile   Name: 717 E. 1st Street Size: 3,904 sq. ft.  Units: 4 Location: Downtown Long Beach         Project Return   Gain on Asset: 78% ROI: 168% Multiple: 2.7x Hold Period: 11 Months       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: 15% - 18%+ 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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