The GPI Companies is expanding its multifamily portfolio with a $92.5 million Los Angeles, California acquisition of The Lofts at Noho Commons.
The property hosts 292 units, consisting of 41 bedroom units, 237 lofts, and 14 live/work lofts. Some amenities at the site include a fitness center, kitchen with entertainment, social lounge, a pool, movie theater, co-working spaces, and a courtyard.
The Lofts at Noho recently went under a $9 million renovation. This includes upgrades to EV charging spots, extensive murals, new signage, landscape, hardscape, and updating 85 percent of the interior market rate units.
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