Cypress Equity Investments (CEI), an institutional multifamily developer and real estate investment company, LWK Partners, a real estate private equity firm focused on the acquisition and operation of attainable value-add multifamily assets, and Sabal Investment Holdings, an institutional real estate private equity fund manager, have acquired a 75-unit workforce housing portfolio in Los Angeles, with plans to develop 52 additional units across the properties. The $30 million transaction is the first under a newly formed programmatic joint venture among CEI, LWK, and Sabal to pursue workforce housing density-addition opportunities throughout greater Los Angeles.
The strategy addresses the growing Los Angeles housing shortage by capitalizing on a recent state law that allows investors to add net-new units to existing multifamily assets. The programmatic investment from Sabal accelerates the growth of LWK-CEI’s aggregation strategy, allowing the platform to capitalize on oppor
