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Concord Companies Acquires ...

Updated Jul 29, 2025

Concord Companies Acquires The Genesis Collection Multifamily Portfolio In Los Angeles For $79 Million
SOLDMultiFamily

Concord Companies Acquires The Genesis Collection Multifamily Portfolio In Los Angeles For $79 Million

$79,000,000

$167/SF

Building Size

471,035 SF

Asset Type

MultiFamily

Closing

Jul 19, 2025

About this deal

AI

The Genesis Collection is a portfolio of Art Deco multifamily properties located in Los Angeles. The sale includes a total of 537 units distributed across five buildings with a total square footage of 400,397. The transaction was completed for $79,000,000, equating to a price per unit of $147,113 and a price per square foot of $197.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $79,000,000
  • Units: 537
  • Square Footage: 400,397
  • Price Per Unit: $147,113
  • Price Per Square Foot: $197
  • Buyer: Reuben Robin, Jonathan Fhima, Ryan Marder, Joe Goldstein - Concord Companies
  • Brokers: Janet Neman - Kidder Mathews; Kitty Wallace - Colliers

Concord Capital Partners acquired The Genesis Collection with a focus on the long-term value of Los Angeles’ historical housing stock. The firm plans to execute targeted renovations and operational improvements while maintaining the architectural integrity of these properties. Additionally, Concord is actively seeking multifamily assets throughout the greater Los Angeles market.

Players

Janet Neman

Kidder Mathews

Broker

$515.1M

vol

30 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage
Colliers
ColliersBrokerage
Reuben Robin

Reuben Robin

Concord Companies

Buyer

$206.4M

vol

7 deals

Buyer
Bilt advertisement

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $167 per square foot on a published $79M for 471,035 square feet (2025).

Visit Kitty Wallace to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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