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Laramar Looks For High-Density

LOS ANGELES—The multifamily owner and investor talks about its urban-centric investment strategy and interest in the Los Angeles submarket after its recent $45-million purchase, GlobeSt.com reports in this UPDATE to a previous story.

By Kelsi Maree Borland | Updated on October 10, 2014

LOS ANGELES—Laramar, a Chicago-based multifamily investor and owner, is focused on expanding its portfolio in high-density urban submarkets, according to Matt Levy, VP of acquisitions in Laramar’s L.A. office. In an earlier story, GlobeSt.com reported that Laramar purchased a 14-property multifamily portfolio for $45 million from William Holdings. The portfolio has properties located in the Hollywood, Koreatown and Los Feliz neighborhoods, and is a good illustration of Laramar’s broader investment strategy.

 “We are in a very competitive marketplace, and we are attracted to being in high-density urban locations,” Levy tells GlobeSt.com. “This portfolio in Hollywood, East Hollywood, Los Feliz and Koreatown certainly represents our urban strategy, which is to create critical mass in some of the best urban locations, not just in Southern California but in some of the most significant metropolitan areas, such as San Francisco, Denver, Chicago, Minneapolis and Miami.”

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