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APARTMENTS
Since 1989, Kor has acquired, respositioned and managed over 10,000 multi-family units. Its proven performance and experienced management team ensure a substantial deal flow and strong network within the regional and national real estate communities.
The company's apartment business plan entails acquisition and management of assets with strong potential for growth based on the fit between submarket, assets, and Kor's many competitive strengths. These advantages include an ability to identify and acquire in markets with growth potential; award-winning design; superior marketing; and construction expertise from value-add acquisition and repositioning to ground-up new construction and adaptive reuse. To date, its per-unit renovations typically range between $2,000 and $20,000.
Underpinning Kor's commitment to superior investment returns is its opportunistic approach to market and asset selection. The company is presently seeking opportunities in such Los Angeles sub-markets as Palms, Culver City, the Mid-City, Hollywood and Burbank, as well as the Inland Empire, San Diego, San Francisco, Portland and Seattle.
Currently, the company owns apartment buildings containing a total of over 1,000 units.
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LA Downtown News readers vote Kor property at Sixth and Flower as the area's best residential choice
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Select Downtown Los Angeles Properties
Pegasus, a 500,000-square-foot apartment building in the heart of the downtown Los Angeles Business District. The former headquarters of Standard Oil, the 322-unit, 12-story tower features oversized studio, one- and two-bedroom apartments, a rooftop pool and fitness center, and the Daily Grill restaurant on the ground floor.
Santa Fe Lofts, a 213,560-square-foot complex featuring one artist-in-residence zoned building and a companion live-work building in the Historic Core of downtown Los Angeles. 132 loft units offer high ceilings and expansive windows. The buildings are listed on the California Inventory of Historic Resources and are eligible for listing on the National Register of Historic Places.
1001 1st Street, a live-work artist's loft building with 78,172 square feet. The property contains 26 units with an average size of 2,426 square feet, an artist's day studio and 17 storage units. Located in the Arts District area of downtown Los Angeles, two blocks north of the SCI-Arc campus, all units have over 14-foot ceilings and hardwood floors.
Select Large Properties
Hillside Gardens, a September 2003 acquisition consisting of 380 units in San Diego near San Diego State University. Financed with city of San Diego Housing Authority bonds, 25% of the units are rented to low- and moderate-income tenants. A major renovation of the property was completed in early 2007.
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1212 South Flower Street Suite 500 Los Angeles, CA 90015 T 323 930 3700 F 323 930 3701
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