Project Buffalo

JLL as advisors are pleased to present the 11-Property, 3,620-Unit Southern California Portfolio — a unique opportunity for investors to acquire a collection of high-quality, Class "A" communities strategically positioned across some of the most sought-after submarkets in Southern California.

This portfolio represents an unprecedented scale, with properties encompassing an average unit size of 976 square feet and a total of 63,252 square feet of retail space. Notably, these stabilized assets collectively represent approximately 16.5% of the 5-year average annual transaction volume within the region, underscoring their exceptional market position.

Within the portfolio, investors will find properties located in prime, growth-oriented submarkets such as Los Angeles, Irvine, and San Diego. The proximity to major employment hubs and excellent transportation connectivity enhances the appeal of these assets. These locations attract affluent demographics, with an average household income of $134,000 within a 1-mile radius, ensuring a robust tenant base and a stable cash flow potential with a 25% rent-to-income ratio.

The Southern California rental market is further supported by the increasing homeownership crisis, with the median age of first-time homebuyers at 49 years, significantly above the national average. This demographic shift creates a substantial "renter by necessity" population, underpinning ongoing demand for multifamily housing. This portfolio offers investors the advantage of scale, premier locations, and significant value growth potential within a constrained supply environment.