Opportunistic Value When the SSRE real estate team evaluated this property in 2019, they knew they found gold. With a purchase price of $6.2M, the valuation was significantly under comparable buildings in the surrounding area
The Villas on Olive
Gaining a Foothold in a New Market After years of analyzing the best markets for future growth, SSRE purchased its first asset outside of CA, Villas on Olive in Peoria, AZ, for $36.7M in December 2019.
The Landing
Bread and Butter Value-Add Play Purchased in 2019 for $72M, the Landing checked all the boxes of a hallmark SSRE value-add acquisition candidate: great infrastructure, excellent location, below-market rents, and tremendous upside potential. The asset
Saticoy Apartments
Driving Value through Best-in-Class Operations When SSRE acquired Saticoy Apartments in 2007, it was a run-down asset with tired units, unhappy tenants, neglected landscaping, and an apathetic outsourced property manager known for its maniacal focus
Sunset Views
Using Financing to Drive Investor ROI The closing of Sunset Views in 2021 marked the first time SSRE utilized a bridge loan from a debt fund for financing. In such a low cap rate environment,