IDEAL is currently leveraging its deep construction expertise to re-position and re-brand Novella into a multifamily gem in the highly desirable South Bay region of Los Angeles.

Check back regularly to see photos of renovated units and common areas!

Novella
Redondo Beach, California

In May of 2019, IDEAL purchased Novella in Redondo Beach, demonstrating expert deal assessment and adept execution to capture a distressed coastal asset ripe for value-add re-positioning.  At the time of closing, Novella was 12% occupied and required $5,000,000 of rehabilitation.  IDEAL recognized the rare opportunity to re-position a distressed coastal core asset in a deeply supply-constrained market into premier housing in a stellar location.

Check back regularly to see photos of renovated units and common areas!

Entrada
San Diego, California

IDEAL acquired the 172-unit Entrada site in San Diego, California in January 2019 for $46,600,000 through a joint venture relationship with Hanover Financial.  IDEAL is in the midst of a capital renovation plan, transforming the exterior façade, rooftop deck, courtyard, clubhouse, and unit interiors.

 

 

IDEAL plans to undergo a multi-million dollar three year rehabilitation on each asset, deploying a team of contractors, property managers, and asset supervisors to oversee the work.  Through the rehabilitation plan and the improvement of the operations at each property, IDEAL expects to achieve a 2.2x equity multiplier by year 5 and a 16%+ internal rate of return for our investors.    Click here to see more information about this project.

Central Valley RE Fund
Central California / Visalia, Tulare, & Kingsburg, California

In late July 2017, IDEAL closed a three property, 450-unit portfolio known as the Central Valley RE Fund.  IDEAL secured a $16,000,000 equity commitment from Transamerica Corporation/Aegon USA Realty Advisors.  The total capital stack (including all debt and equity) is approximately $55,300,000.

 

See BEFORE and AFTER photos:
Oak Valley, Tulare CA
Oak View, Visalia CA
Elements @ 901, Kingsburg CA

The property represents an attractive investment opportunity due to its central location in the heart of Solano County and commuting distance to the technology capital of the world.  IDEAL is implementing a significant multi-year rehabilitation on the property. The total capital stack on this fund is expected to be approximately $23,300,000 and the investment multiplier on a ten-year hold is projected to be 3.76x.  Click here to see more information about this project.

Fairfield Investments Fund
Bay Area / Fairfield, California

IDEAL closed a 120-unit value-add property in the Bay Area submarket of Fairfield, California in the beginning of November 2017.  Transamerica Corporation/Aegon USA Realty Advisors funded 95% of the total equity requirement, with IDEAL’s principals and network of investors personally funding the remainder.

 

See BEFORE and AFTER photos:
Elements @ 1600, Fairfield CA

Affiliates    
Real Estate Development Services  

Recognizing a unique opportunity in the market, REDS’ principals created IDEAL Capital Group (“IDEAL”) to focus on multifamily acquisitions.  IDEAL has utilized and leveraged the decades of expertise, relationships, capital, and resources of REDS to quickly scale its business.  REDS and IDEAL continue to work closely together as complimentary entities with separate and distinct goals.

Click here to see a project list from Real Estate Development Services.

Funds Under Management

IDEAL is currently acquiring new properties throughout California.  If you would like to learn more about investing with us, please feel free to contact us. Inquiries may be addressed to:
Kevin Conway
Director of Acquisitions
(559) 292-9212 xtn: 121
kevin@idealcapgroup.com.