Published On Jan 23, 2024
In 2021, we purchased three vacant apartment buildings and started developing a new co-living space in beautiful Mar Vista, California.
In this video, we go over the financial creativity that fuels our project, highlighting the co-living model. We also dive into the operational hurdles we've navigated and the strategic solutions we've implemented, from tackling the challenges posed by fluctuating interest rates and construction delays to conducting rigorous stress tests for our investors.
Here's a behind-the-scenes look at real estate development in California.
To learn more about the fund, click here: https://communecapital.com/investments/
Commune Fund V is a Multi-Family development fund focused in Southern California. To learn more about the fund, click here: https://communecapital.com/investments/
The content of this video (“Video”) is for informational purposes only, is not offered as investment advice and should not be deemed as investment advice, and reflects the opinions and projections of COMMUNE as of the date of publication, which are subject to change without notice at any time subsequent to the date of issue. COMMUNE does not represent or warrant that the information presented in this Video is accurate, current, or complete or that the estimates, opinions, projections or assumptions made in the Video will prove to be accurate or realized.
Certain statements reflect projections or expectations of future financial or economic performance of the project. Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct. Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or the project’s actual performance. Past performance is not an indication of future results. No representations or warranties are made by the [Commune Capital, LLC, Commune Multi-Family Management, LLC,] Commune or any other person or entity as to the future profitability of [Commune Mar Vista Investors, LLC] or the results of making an investment.
From 1998 to 2021, Commune RESOP REIT, LLC (“RESOP”); Asset Backed Lending Partners, LP (“ABLP”) funds was managed by Alliance Financial Group, Inc. or its subsidiary. In 2021, AFG engaged in a reorganization where AFG contributed the ownership interest in the manager of RESOP, and ABLP to Commune Capital. AFG is the majority owner of Commune Capital.
This Video does not constitute an offer to invest and such offer will only be made by means of a confidential offering document that should be carefully reviewed before determining whether to invest. As with any investment there is a risk of loss, including up to the amount of investment.