SAN DIEGO, CA - Expanding its footprint in California’s Inland Empire, San Diego-based Sunrise Management has taken over the management – including marketing, leasing and day-to-day operations – of Riverside’s LuxLiv, a 62-unit multifamily community acquired by Vanamor, a real estate investment firm, for $19.75 million in August of this year.
Originally constructed in 2013, the three-story LuxLiv community – located at 3905 Dawes St. – now has a multitude of modern amenities, including EV charging stations, a fitness center, a swimming pool, a clubhouse with a coffee bar, an outdoor kitchen with barbecues, a community garden and an enclosed dog run. All apartments are outfitted with a washer and dryer, gourmet kitchens with granite countertops and stainless-steel appliances, hardwood floors and oversized dual pane windows.
Well situated just off the 91 freeway in a residential area close to shopping and dining, the development boasts ample floor plans ranging from 1,071 to 1,650-square-feet with two-, three- and four-bedroom apartments available. Rents range from $2,395 to $3,400.
Under the direction of Elibeth Giron, Sunrise Management’s new regional asset director, the company is expanding its footprint in the Inland Empire region, which encompasses Riverside and San Bernardino counties. “Because of our ability to add value via careful marking, branding and positioning, as well as a strong multifamily market in the region, Sunrise expects to experience significant growth in the Inland Empire and currently has four properties in area totaling 425 units,” Giron said.
About Sunrise Management: Founded in 1978, Sunrise Management is a privately-owned San Diego-based firm specializing in the management of residential real estate properties. For more information, visit www.sunrisemgmt.com
About Vanamor: Vanamor is a private equity real estate investment firm focused on acquiring value-add multifamily assets in select U.S. growth markets. For more information, visit www.vanamor.com