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

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.