Los Angeles, CA – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, brokered the sale of a three-property multifamily portfolio located in Los Angeles. The transaction was completed by Associate Henry Bell, Executive Vice President and Managing Director David Harrington, Senior Vice President and Senior Director Daniel Withers, and Senior Associate John Boyett.
The seller, David Mercer of Realty Center Management, was motivated to sell to consolidate his smaller investments into one larger property in California. As an experienced investor and long-time holder, Mercer owned the Los Angeles portfolio for over 20 years, making the sale a rare and valuable opportunity.
“Knowing David’s extensive background, prior sales, and the current market status, we knew that selling the three properties as a bundle would be the best way to leverage the listing and receive the most value for our client,” Bell said.
The buyer, Kamyar Shabani of Optimus Properties, LLC, saw tremendous potential for upside in the properties. Matthews™ agents connected with Shabani using the firm’s proprietary comprehensive database and effectively communicated the potential for profit and the uniqueness of the portfolio.
“Our brokers brought superior expertise and service to this deal,” Harrington said. “Our research and technology allowed us to curate a win-win for both parties involved, achieving our client’s objective and adding quality assets to the buyer’s investment roster.”
For more information on this deal or to contact Henry Bell, David Harrington, Daniel Withers, and John Boyett visit www.matthews.com.
Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 10 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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