Multi Family Land
|
Wildomar
Camelia is a 163-unit, two-story townhome development opportunity. The owner of the property had tried unscuccessfully to sell the property as a for-sale housing project with another broker. The Hoffman Company was able to persuade the owner that re-packaging the offering as a "build-for-rent" opportunity would not only assure the property sale but garner a higher sale value than was otherwise anticipated. The Hoffman Company was able to make good on both promises, selling the property at a higher value than the seller originally anticipated to a Orange-County-based developer, Sancerra.
Wildomar
Unit Count
Multi Family Land
Product Type
Entitled at Offering
Entitlements
Unimproved
Improvement Status
Site address:
Palomar Street
To learn more about the project, reach out to the project broker(s).
Justin specializes in multifamily investment and development brokerage and advisory services. He leverages his many years’ experience on the principal side of real estate investment and development with some of Southern California’s most prolific multifamily investors and developers. Justin has touched all aspects of multifamily investment and development prior to joining The Hoffman Company. Therefore, he is uniquely well-suited to provide to clients a perspective uncommon in the brokerage industry as to how to optimize the value of their property in the marketplace.
During his career, Justin has supported acquisition and directed development of over 2,000 units while Development Director and was the central figure in the underwriting and acquisition of thousands of multifamily and single-family units while Senior Analyst and the underwriter for major investment management firms and their institutional partners such as Blackstone, LACERA, LACERS, and PGIM. In 2020, one of Justin’s projects (Broadstone Arden) was honored with the Pillars of the Industry award for “Best Apartment Community (Under 5 stories)” by the National Association of Home Builders.
