Arselle, Amoroso Form Multifamily Platform, Eye $500M in Investment
The new company will target acquisitions in western markets.
Arselle Investments and Amoroso Cos. have joined forces to create Amonte Living, a new multifamily platform set to deploy $500 million across the next two to three years for acquisitions across major Western U.S. markets.
Arselle and Amoroso have already collaborated in 2025, purchasing three assets for roughly $90 million. This latest move formalizes their venture.
The new company will invest across metro Seattle, Phoenix, Denver and Salt Lake City, Aaron Greeno, founder & managing partner at Arselle Investments, told Multi-Housing News. That’s in addition to the California markets where Arselle and Amoroso already had dealings.
Amonte Living aims to capitalize on the price correction taking place in the sector and will focus on buying high-quality properties in suburban and infill locations experiencing strong demographics, job growth and barriers to new supply. The firm will focus on garden-style and mid-rise properties, Greeno continued.
While supply begins to level out in many markets and fundamentals stabilize, some owners are still overleveraged, leading to attractive acquisition opportunities, Greeno said in prepared remarks.
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Moreover, such openings bring significant discounts to replacement costs, Arselle Founder & Managing Partner Kevork Zoryan reasoned in prepared comments. Greeno and Zoryan created Arselle last year, after serving at Morgan Stanley Real Estate Investing and Dune Real Estate Partners.
Amoroso aims to focus further on multifamily, repositioning many of its legacy assets, with Amonte Living helping the firm reach this goal, according to prepared statements by Jason Amoroso, COO at Amoroso Cos.
The three acquisitions Amoroso and Arselle closed last year include the $22 million purchase of Alur, a 51-unit community in Pasadena, Calif., and the $44 million buy of a 119-unit asset in Chatsworth, Calif., dubbed Sofi Topanga, as well as the acquisition of the 48-unit Terraces at La Cienega in West Hollywood, Calif., for $23 million.
Pacific Urban Investors sold the Chatsworth property, while Benedict Canyon Equities divested the Pasadena asset, according to Yardi Matrix data.
Though rents stagnate, investment retains momentum
Although the market concluded 2025 on a more somber note, with advertised asking rents remaining unchanged year-over-year, investors were not deterred, according to the latest Yardi Matrix multifamily report. In fact, the multifamily transaction volume recorded an almost 1 percent yearly uptick, to $83.2 billion in 2025.
This trend appears to continue in 2026, as new investment companies emerge, such as L&L Infinite, a firm created by the former CEO of Silverstein Properties and the CEO of L&L Holding Co. to pursue acquisitions, debt and development opportunities across the multifamily market.
