Christina Real Estate Investors has closed Christina Real Estate Investors 4 with $44.1 million in equity commitments from more than 150 investors in the US. The platform, a part of a programmatic series, launched in 2019 and has already acquired seven properties in the Los Angeles area.

Christina 4 has purchased six residential properties including a total of 61 units near CBS Television City, a 22-unit condo development that is near ground breaking and a 15-unit beachfront property in Playa del Rey. The seventh asset is a 7,500-square-foot retail property at the West Third Street Shopping District. These assets all align with the firm's investment strategy to own and operate high-quality properties in primary locations capable of generating strong returns.

"We believe that the Westside region of Los Angeles is one of the best real estate markets in the world, and that our team is uniquely positioned to identify one-of-a-kind investment opportunities and capitalize on the underlying demand drivers," Adam Rosenkranz, director of asset management at the firm, said in a statement. Los Angeles is one of the major metros to fumble during the pandemic and then rapidly recover this year.