Purchased in August 2022 on behalf of a separate account client, 1107 is a 13-unit multifamily property in Long Beach, California. Quail Canyon Venture Partners successfully repositioned by implementing a comprehensive value-add strategy—upgrading interiors, modernizing amenities, and streamlining operations. Additionally, 2 new units were entitled and constructed at the asset. This approach enhanced tenant satisfaction, boosted occupancy rates, and optimized net operating income (NOI) while capitalizing on Long Beach’s growing demand for quality housing.
