Verano at Rancho Cucamonga

JLL, as exclusive advisor, is pleased to present for sale Verano at Rancho Cucamonga Town Square ("Verano" or the "Property"), a 414-unit, value-add multifamily opportunity constructed in 2007. Situated across 27 sprawling acres in the heart of Rancho Cucamonga's town center, Verano offers a unique blend of low-density suburban tranquility and everyday urban convenience.

Recognized for its exceptional quality of life, safety, and top-ranking public schools, Rancho Cucamonga strategically sits at the convergence of the I-15, I-210, and I-10 freeways—positioning Verano's residents within easy reach of the region's largest employment corridors while offering compelling value compared to coastal markets. These draws contribute to an affluent and stable renter pool, reflected in Rancho Cucamonga’s average household income of $140,000, representing a conservative 23% rent to income ratio based on post-renovation pro forma rents.

Beyond marking rents to market and capitalizing on ±3.3% loss-to-lease, new ownership has the opportunity to continue executing and expanding the proven value-add strategy, with ±24% of units primed for comprehensive renovation. Verano presents a compelling value-add opportunity to capture tangible upside in a supply-constrained submarket projected to experience outperforming fundamentals.