Finance & Investment

Sycamore Urban Properties Revives Distressed Inland Empire Asset it Purchased from a Bank

Rancho Cucamonga, Calif.— Sycamore Urban Properties, a multifamily investment and development company based in Irvine, rescued a troubled 41-unit townhome development in a successful demonstration of its model for acquisition, stabilization and rapid revival of financially distressed real estate.

N.J. Multifamily Investment Market: Slower but Holding its Own

Over the last few generations, a handful of local old-line families controlled New Jersey’s multifamily inventory. However, in the early 2000s, the popularization of Northern New Jersey’s Hudson Waterfront (Jersey City, Hoboken, Weehawken, West New York and Edgewater) and the entry of institutionally backed builders paved the way for a liquid investment market that took hold in 2004.