New Standard Equities Closes $157 million in Transactions
A frenzy of activity in the final days of 2021 resulted in the firm’s largest acquisition to date and a disposition that produced an IRR of 56.95%
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Inland Empire draws LA money for multifamily
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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276-Unit Port Orchard, WA Apartment Community Sold By New Standard Equities For $34,500,000 Profit
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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144-unit Bremerton, WA Apartment Community Acquired By New Standard Equities For $20,000,000
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…)New Standard Equities Celebrates 10 Years of Success Under CEO Edward Ring
Company and CEO Reach Milestone as Leader in the Industry
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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Hero of Hope Spotlight: Eddie Ring
Children’s Bureau relies on the support from our sponsors and donors to provide the children and families in our community the tools and resources they need to thrive. The virtual Heroes of Hope campaign is our year-end endeavor to raise funds for the vulnerable children in our community and we are so thankful to all our donors. In this post, we will be highlighting one of the campaign’s heroes: Eddie Ring.
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The man behind the Manette mural of George Floyd: list of black men killed ‘hits very hard’
MANETTE — While hundreds of protesters lined the Manette Bridge on Sunday, Jonathan “Fro” Perry decided it was time to paint.
It wasn’t that Perry, who is black and lives in East Bremerton, didn’t want to join in the peaceful “call for justice” in the wake of George Floyd’s death at the hands of a now-former police officer charged with murder. But Perry knew it wasn’t the best way he could express himself.
(more…)New Standard Equities Successfully Refinances Three Assets While Sheltered In Place
New Standard Equities (NSE), a Los Angeles-based, full-service multifamily investment and management company, refinanced its third property in two months and its fourth this year through Brian Eisendrath’s team at CBRE.
(more…)Recently Financed | Elevate at Towngate
Investors betting big on Kitsap apartments
BREMERTON — Eddie Ring strolled among the Seaglass Village apartments on a bright morning last week, struggling to control his excitement.
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