Real Estate - Los Angeles, California, United States
Benedict Canyon Equities (BCE) is a Multifamily Real Estate Investment Company located in Los Angeles, California.We pursue acquisition opportunities where we can unlock value through property rehabilitation, repositioning, asset management, and creative recapitalization. We focus on creating value by investing in urban-infill multifamily residential real estate, principally in Coastal California and select markets throughout the Pacific Northwest, Western U.S., and the Eastern U.S.Our market niche, between $10 million and $50 million, is out of reach for small investor and below the threshold of REITs, pension funds, and institutions.Proven Track Record of Successful InvestingAs of May 2016, we have acquired, rehabilitated, and asset managed 92 properties (11,817 units) throughout California and Colorado with a total value over $1.7b. Combined, our key personnel have over 100 years of relevant value creation experience and over $7 billion in acquired and performing assets.We complete capital improvements swiftly and professionally manage our properties so they meet or exceed their pro forma targets. We typically increase occupancy to 95%+ within 90 days of close of escrow.Our Fund I and Fund II capitalized with over $37 million in combined GP capital, deploying over $30 million of capital as of March 2015. We continue to deliver successful investor returns.Our leadership team has a combined 100+ years of experience. Their broker relationships provide superior deal flow, while their lender relationships ensure ready and proven debt financing. Together, our key personnel have over $7 billion in acquired and performing assets.
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