Henry Manoucheri Henry Manoucheri

The Hollywood Park stadium and mixed-use development in Inglewood has bought attention to Inglewood—and has helped to drive apartment investment—but the development is only one of many compelling reasons to invest in the market. The fundamentals in the market have been improving for years. Universe Holdings has been on a buying spree in the market. With the recent acquisition of the 15-unit Chateau Park Casino Royale V, the firm now has nine properties in the market.

“We were bullish on the market well before the stadium was announced as we identified Inglewood as a very solid rental market with strong multifamily fundamentals more than four years ago when we made our first investment there,” Henry Manoucheri, CEO of Universe Holdings, tells GlobeSt.com. “Back then, we saw a vibrant community of working class people that is geographically 15 minutes from the heart of L.A., 10 minutes to LAX and five miles to the beach. We also saw the natural migration of renters moving southeast as they were getting priced out of neighboring markets on the Westside—and Inglewood was in the center of that path.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.