Majestic Asset Management, Inc.

Management • Investments • Development

Majestic Asset Management, Inc., and Atlas Investments Acquired the Abrego Villas Apartments

Majestic Asset Management, Inc., in conjunction with Atlas Investments, acquired the 36 unit Abrego Villas Apartments conveniently located two blocks from downtown Isla Vista, four blocks from the UCSB campus and walking distance to the beach. Ideally situated in a market that has seen significant rent appreciation, this property will be completely upgraded and all units will be professionally renovated. This acquisition represents the fourth property Majestic has acquired in this market within the past 24 months. Majestic is a full service investment and property management company located in Van Nuys, CA.

Majestic Asset Management, Inc. & JS/JS Properties, Inc. acquire the Elm Lane Apartments

Elm Lane Apartments, an 18 unit apartment building located in Carpinteria. The tastefully remodeled complex is ideally situated close proximity to the beach and steps to the shops and restaurants of the Downtown. This represents the fifth property acquired by the Majestic/JS joint venture in the last 24 months. Majestic is a full service investment and property management company located in Van Nuys, CA

10 Unit Gem Acquired by Majestic Asset Management – West Hollywood, CA

Majestic Asset Management, Inc. added the Shoreham Apartments to their expanding portfolio in an all-cash purchase with a 30 day escrow. Located at 8755 Shoreham Drive in West Hollywood just above Sunset Plaza, and the famed Sunset Strip, has views from Downtown to the Beach. The 10 unit apartment building has 2 bedroom, 2 bath units averaging nearly 2,300 SF and as large as 2,800 SF with roof top decks. This area is populated with famous Los Angeles nightlife attractions like The Roxy Theatre, The Key Club, Whisky a Go Go, The Viper Room, The Troubador, and Sky bar. This...

Canon Perdido Apartments Acquired by Majestic Asset Management — Downtown Santa Barbara

Majestic Asset Management, Inc. acquired the 29 unit Canon Perdido Apartments in an "off market,” all-cash transaction in January, 2012 for $4,464,000. At $154,000 per unit and an acquisition cap rate of 5.3%, the acquisition is widely considered by industry professionals to be significantly below its fair market value. Considered "Forever Real Estate" for its unbeatable location, 320 and 322 West Canon Perdido Apartments is situated in the center of downtown Santa Barbara. Santa Barbara is known for its strict no growth policy, most especially toward apartments. With short apartment supply and strong rental demand, greater Santa Barbara has operated...

Majestic Asset Management, Inc. and J/S/JS Properties, Inc. acquired the Roscoe Business Center for $7,865,000

Majestic Asset Management, Inc. and J/S/JS Properties, Inc. acquired the Roscoe Business Center for $7,865,000. The 92,397 three-tenant industrial building is fully leased with long terms leases in place. The building is located in the San Fernando Valley where Majestic and JS/JS own and manage a large number of other properties This is the third acquisition in the last three months for Majestic. Majestic is a full service investment and property management company.

Majestic Asset Management, Inc. and JS/JS Properties, Inc. acquired the Ward Industrial Park in Simi Valley, CA for $8,050,000 ($58/SF)

The state-of-the art 138,700 SF building which was built in 1989 is 100% leased to two high quality tenants at closing and features 28’ clearance and highly-appointed tenant improvements. This is the fourth acquisition in the last 12 months for Majestic & JS/JS Properties. Majestic Asset Management, Inc. is a full service property management company with properties throughout the Western United States.

CT Realty Picks Up 65-Unit Multifamily Property in Costa Mesa

CT Realty has acquired Casa Granada Apartments, a 65-unit complex located at 400 Merrimac Way in Costa Mesa. The transaction had a price of $11.98 mil, or about $184k/unit. Built in 1968, Casa Granada Apartments has a unit mix of 22 one-bedroom/one-bath apartments, 28 two-bedroom/one-bath units, 13 two-bedroom/1.5-bath units, two two-bedroom/two-bath apartments and one studio. The complex features a pool, patios, garages and carports. Pat Swanson, Vice President, based in Colliers’ Orange County office represented CT Realty and the seller, GBW Investments. "We sold this apartment complex at a 5.0% cap rate,” said Swanson. "What made the deal attractive to...

Ares Management LLC Acquires the Investment Platform of Wrightwood Capital

Transaction Adds a Leading Investment Team and $1.2 Billion of AUM to the Ares Private Debt Group LOS ANGELES, Aug 10, 2011 (BUSINESS WIRE) -- Ares Management LLC announced today that it has acquired the investment platform of Wrightwood Capital, a highly respected provider of debt capital to the U.S. commercial real estate sector. Terms of the transaction were not disclosed. "This transaction represents a unique opportunity to further build out the Ares Private Debt Group by adding specific industry expertise from a talented group of professionals and expanding our reach into commercial real estate lending--an area we see having...