In its quarterly Los Angeles County Real Estate Market report, the Los Angeles Business Journal reported that in the 4th quarter of 2019, Alhambra Place Partnership purchased the 60 unit KODO property from CGI Strategies. The Koreatown property is located at 2867 Sunset Place and was sold for $29.3 million. Learn more about the KODO at thekodo.com and read the full report: https://labusinessjournal.com/news/2020/jan/17/los-angeles-county-real-estate-data-q4-2019/
Family offices are not built for quarters. They are built for generations.
That distinction shapes everything; how risk is understood, how capital is deployed, and, perhaps most importantly, how patience is exercised. The objective is not to outperform in a moment, but to preserve and compound capital in a way that endures.
Over time, this mindset tends to return to certain asset classes. Real estate has consistently been one of them, not because it is perfect, but because it has proven to be resilient.
CGI+ Real Estate Strategies, the multifamily investment firm founded by Gidi Cohen, has sold a fully entitled Los Angeles development site to JPI for $40 million.