A Los Angeles-based multifamily investor has spent $81 million on an apartment complex in the Inland Empire.
New Standard Equities got a 236-unit complex at 850 North Benson Avenue in Upland, according to a Thursday announcement from Marcus & Millichap, which brokered the deal. New York-based investment firm Abacus Capital Group sold the property.
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ENCINO, Calif., Aug. 27, 2021 /PRNewswire/ — New Standard Equities (NSE), a Los Angeles-based, full-service multifamily investment and management company, has recently completed disposition of their Pacific Northwest property Atlas Apartment Homes in Port Orchard, WA after successfully implementing their business plan over the past 4.5 years. At $75,200,000, NSE sold this asset at a price that was 39% higher than they initially projected in their underwriting at acquisition. This continues to prove NSE’s mission of delivering outstanding returns to its investors.
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ENCINO, Calif., May 14, 2021 /PRNewswire/ — New Standard Equities (NSE), a Los Angeles-based, full-service multifamily investment and management company, takes on two neighboring assets, Cedar Glen and Maple Manor, rebranding them as “Indigo Apartment Homes” in Bremerton, WA. With planned capital expenditures of roughly $3.3 million, the firm expects to fully reposition the property to compete alongside its other holdings in the area.
(more…)ENCINO, CA – January 19, 2021 – CEO Edward Ring marks the 10-year anniversary of New Standard Equities, Inc. (NSE) by celebrating its resilience in a rapidly changing climate. Founded by Ring in 2010, NSE is a leading vertically integrated real estate investment management firm that specializes in the acquisition and operation of multifamily properties located throughout the Western U.S.
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BREMERTON — Eddie Ring strolled among the Seaglass Village apartments on a bright morning last week, struggling to control his excitement.
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