Multifamily Reposition

Westwinds Place

ACQUIRED, OPERATING

DJR Cos. acquired an underperforming multifamily asset with strong fundamentals in a San Diego coastal submarket. We intend to reposition the property through targeted value-add renovations aimed at enhancing resident experience and driving rental income growth. DJR partnered with a multifamily operator (Bear Capital / Holdings) bringing decades of experience in apartment acquisition, rehabilitation, construction, investment, finance, and conversion.

A little different than the infill land developments DJR loves to target, this partnership with Bear augmenting DJR’s development, mapping, and project management experience along with DJR’s own acute marketing, sales, and financial management creates upside potential to unlock additional value over a “typical” value-add.

This photo is from around the time of acquisition, pre-renovation.