Emerald - Gemstone Portfolio (2025)

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale the

Gemstone Collection (the “Portfolio”), a 100% market-rate, 475-unit portfolio located in

Downtown Los Angeles consisting of three assets: Emerald South Park, Onyx South Park

& Topaz Historic Core. Offers for the Portfolio will be considered on individual assets,

sub-pools of assets and/or on the total portfolio.

The Gemstone Collection presents a rare opportunity to acquire a portfolio of high-quality

luxury multi-housing communities located in the largest urban cluster on the West Coast.

Diversified between the desirable South Park and Historic Core neighborhoods, the

Gemstone Collection combines refined class A living with top-tier amenity offerings. Each

property features a large resort-style pool and spa, ample parking, state-of-the-art fitness

centers, and co-working spaces, meeting all the needs of today’s affluent urban renters.

Each asset offers homes in studio, one, two or three-bedroom configurations, with all

modern amenities including in-unit washer & dryer, induction stainless steel appliances,

floor-to-ceiling windows and more. Residents are attracted by the portfolio’s incredible

proximity to the 71.4M SF of office and 18.1M SF of retail in Downtown Los Angeles, earning

the portfolio an impressive 94 WalkScore on average.

Currently in Downtown Los Angeles, there are zero market-rate mid-rise properties

under construction, and no new construction starts have occurred in nearly 3-years. The

Gemstone Collection presents the ideal entry point into urban Los Angeles, offered at a

discount to replacement cost and facing no new competing supply.