Apartment Ventures, NNC , Cypress, CA announced their recent venture  with long-standing family office partner, William Walters Co. to strategically reposition and diversify the portfolio using low interest rate, interest only agency debt on an existing asset in Anaheim, CA, to free up close to $40M in available equity.  The equity was deployed to acquire two core plus assets using new bank and agency debt for a total of 287 multi-family units valued at $66.6M while returning roughly $13.1M in capital to the original investors.

Amberwood Apartments a beautifully, fully renovated 35 unit multi-family asset in South Pasadena closed in September 2019 for $14.4M and Inspirado Apartments a 252 unit core asset in Northwest Las Vegas closed in February 2020 for $52.2M.  Apartment Ventures sourced both deals using their deep knowledge of the markets and broker relationships to meet the investment goals – strong market, core asset, cash flow positive and capital preservation.

Justin Hunt, President of William Walters Co. stated “the long-standing partnership between William Walters Co and Apartment Ventures has created a deep understanding of the deal fundamentals that are critical to the William Walters Co family office and have been invaluable to structuring this complex real estate transaction.”

Kari Wilfong, Principal at Apartment Ventures, NNC said “we worked closely with the William Walters Co. investors to fully understand their investment objectives and utilized our fully-integrated real estate investment platform to meet those objectives.  We believed strongly in the deal tenets and co-invested in both acquisitions.”

Apartment Ventures, NNC is a 20+ year old fully integrated real estate investment firm with over 100+ transactions totaling close to $1.5+B in total value, investing primarily in So. California, Arizona and Nevada.