Just finished leasing up a 5 unit Echo Park project we did with some partners.
Leased all units between Wednesday and Sunday night of last week at rents ranging from $100-250 above forecasts. Read that again.
On this deal, after paying us our fee, our partners own a brand-new, renovated apartment building for under 9x the rents. That blows away what anyone can get just by buying a building on the market.
Here’s an exterior pic:
And an interior:
On to the next one…