Mosser Capital expands in West Coast markets, totaling $150m in investments

Mosser Capital announced the acquisition of multifamily workforce housing properties throughout San Francisco, Oakland and Los Angeles.

The transactions total more than 300,000 square feet and represent an approximate $150 million investment Mosser is directing into urban workforce housing that will offer affordable rental units and help post-COVID revitalization efforts in underserved communities.

The properties include mixed-use apartments with ground-floor retail spaces in historic and culturally vibrant neighborhoods. One of the properties includes the Wilshire Royale apartments, a 193-unit property built in 1927 featuring neoclassical architecture, one of a few examples of the architectural style remaining in Los Angeles. Located in the Westlake District, the building includes 8,933 square feet of ground-floor retail space, which was renovated by its former owner in 2017 using historic photos as a guide.

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