Newberry Lofts

Newberry Lofts

Los Angeles, CA

45 Units Purchased: March 2012
Purchase Price: $9,100,000
Sold: August 2015
Sales Price: $17,425,000
Levered IRR: 35.94%
Levered Equity Multiple: 2.09

Upon acquisition MWest Holdings immediately began renovations of the extra-large lofts, adding high-end kitchens and bathrooms consistent with Class A condos in the submarket.