Blockchain Registration Transaction Record

Concord Capital Partners Acquires Historic LA Properties for $79M

Concord Capital Partners acquires five historic multifamily properties in Los Angeles for $79M, expanding its real estate portfolio in supply-constrained neighborhoods.

This acquisition is a testament to the enduring value and appeal of historic properties in Los Angeles' competitive real estate market. For residents and investors alike, it highlights the potential for value-add investments in supply-constrained neighborhoods, offering a glimpse into the strategic moves shaping the city's housing landscape. The preservation of these properties' historical integrity while modernizing them for today's renters underscores the balance between honoring the past and meeting current market demands.