Christina Real Estate Investors raises more than $44m for latest portfolio

Christina Development Corp. held a final close for its Christina Real Estate Investors 4, raising $44.1 million in equity from more than 150 investors across the United States.

Christina 4 was launched in 2019 and has since acquired six multifamily properties and one retail project in the Westside region of Los Angeles. The seven properties acquired to date total 61 apartment units adjacent to CBS Television City; nearly 7,500 square feet of retail space in the West Third Street Shopping District; 22 soon-to-be-built condominiums in West Hollywood; and a rare 15-unit beachfront property in Playa del Rey.

Christina Real Estate Investors’ (CREI) strategy and structure is designed to provide investors direct ownership in portfolios of high-quality, income-producing real estate exclusively located in the best submarkets and cities in the Westside region of Los Angeles. By acquiring, improving, operating and redeveloping a diversified portfolio of multifamily, office and