Multifamily
Since inception, the Company has successfully repositioned over 500 residential units, yielding an average 45% return on investment for our investors. Our strategy in this space is centered around value-add product types, where we can apply vertically integrated operations systems.
Multifamily
Since inception, the Company has successfully repositioned over 500 residential units, yielding an average 45% return on investment for our investors. Our strategy in this space is centered around value-add product types, where we can apply vertically integrated operations systems.
Office
We believe that collaboration and productivity are the pillars of successful businesses – no matter how small. Our strategy in this space includes repositioning through renovations, re-tenanting, and the implementation of energy efficient technologies.
Office
We believe that collaboration and productivity are the pillars of successful businesses – no matter how small. Our strategy in this space includes repositioning through renovations, re-tenanting, and the implementation of energy efficient technologies.
Retail
We have extensive experience of working with a wide range of retail and consumer companies. Their products have included everything from grocery, fashion, health and beauty, and electronics. Reflecting changing dynamics, particularly in a post-Covid world, we now complement this by working with our tenants to adapt their businesses for the “new normal”. We accomplish our repositioning strategy through renovation and re-tenanting.
Retail
We have extensive experience of working with a wide range of retail and consumer companies. Their products have included everything from grocery, fashion, health and beauty, and electronics. Reflecting changing dynamics, particularly in a post-Covid world, we now complement this by working with our tenants to adapt their businesses for the “new normal”. We accomplish our repositioning strategy through renovation and re-tenanting.
Our Property and Asset Management Expertise
Operations
Maintenance
- We take a hands-on approach to all projects we manage. We have in-house maintenance technicians and regional property managers. Our vertically integrated team benefits both our investors and tenants alike.
Cost Management
- Value optimization is central to our operational strategy. We aim to maximize value through updating building systems and the installation of energy-efficient technologies.
Marketing and Leasing
- Multifamily: Leveraging the strength of our in-house creative team, Optimus Properties develops and executes a host of strategic and engaging campaigns to maintain a competitive offering on the online marketplace.
- Commercial: Our in-house legal team allows for quick maneuverability in our negotiations with commercial tenants.
Compliance
Fair Housing Training
- We go to great lengths to comply with the Fair Housing Act, which prohibits “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make such preference, limitation or discrimination.”
Equal Housing Opportunity
- We support Equal Housing Opportunity and encourage users of our site to follow appropriate guidelines to comply with the Fair Housing Act, as well as any applicable state and local regulations. We require all employees to attend Fair Housing training.
Operations
Maintenance
- We take a hands-on approach to all projects we manage. We have in-house maintenance technicians and regional property managers. Our vertically integrated team benefits both our investors and tenants alike.
Cost Management
- Value optimization is central to our operational strategy. We aim to maximize value through updating building systems and the installation of energy-efficient technologies.
Marketing and Leasing
- Multifamily: Leveraging the strength of our in-house creative team, Optimus Properties develops and executes a host of strategic and engaging campaigns to maintain a competitive offering on the online marketplace.
- Commercial: Our in-house legal team allows for quick maneuverability in our negotiations with commercial tenants.
Compliance
Fair Housing Training
- We go to great lengths to comply with the Fair Housing Act, which prohibits “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make such preference, limitation or discrimination.”
Equal Housing Opportunity
- We support Equal Housing Opportunity and encourage users of our site to follow appropriate guidelines to comply with the Fair Housing Act, as well as any applicable state and local regulations. We require all employees to attend Fair Housing training.
Case Study
Multifamily
1025 N. Serrano Ave., Hollywood
Opportunity:
A 71-unit apartment building located in East Hollywood. The property is located near two Metro Red Line stations and the Hollywood Freeway. The goal of this project was to renovate vacated units, update the exterior façade while maintaining the historic exterior, and upgrade building amenities:
- Year Built: 1927
- Building Size: 49,744 sf
- Average Rent per Unit at Purchase: $1,093
Deal Metrics:
- Acquired: July 2015
- Purchase Price: $10,175,000 ($143k/unit)
- Capital Raised: $3,961,750
- Cap Rate at Purchase: 5.20%
Results:
65% Return of Investor Capital
33% increase in Average rent to $1,435/unit
13.92% Stabilized Net Cash on Cash
88% occupancy in 15 months
45% increase in Net Operating Income
Case Study
Office
860 Via De La Paz, Pacific Palisades
Opportunity:
REO office building located in the Pacific Palisades. This area is known to have a low inventory of office space. When our team went in, it was obvious the building and the tenants were severely mismanaged.
- Vacancy at Purchase: 16%
- Average Rent PSF at Purchase: $2.93
- No Prior BOMA measurements
Deal Metrics:
- Acquired: November 2014
- Purchase Price: $11,350,000
- Capital Raised: $4,837,725
- Cap Rate at Purchase: 6.34%
Results:
105% Return of Investor Capital
38% increase in Average rent to $4.05/sf
Increased Building SF by 8.5% per BOMA
100% occupancy in 15 months
47.7% increase in Net Operating Income
Matt Rothman
Kamyar Shabani
Jerome Mickelson
K. Joseph Shabani