Press
2022 - PIERCE COUNTY, WA - Wilshire Unlimited is pleased to announce the purchase of a 252 unit apartment community located in the city of Tacoma. The property is located just seven minutes south of Downtown Tacoma, and offers ample amenities including a swimming pool, sports court, resident lounge, and laundry facilities. Situated on 12.47 acres of land, the property benefits from a low density and has easy access to I-5 and seamless commutes to some of the area's largest employers such as The Port of Tacoma, Boeing's Frederickson Plant, and Joint Base Lewis-McChord, the largest base on the West Coast. This closing marked $100 Million of acquisitions in the last 6 months.
2021 - CLARK COUNTY, NV - Wilshire Unlimited is pleased to announce the purchase of a 455 unit apartment community located in the city of Las Vegas that is situated on a 9 acre lot, consisting of 12 apartment buildings, a swimming pool and cabana. The business plan is to rebrand, and overhaul existing operations. Renovations will include full unit rehabs, new exterior paint, remodel of the leasing office, installation of entry gates, enhancement of the pet areas, and conversion of the spa building to a fitness center.
2021 - KING COUNTY, WA - Wilshire Unlimited is pleased to announce the operations takeover of three Madison Residential properties comprised of 63, 77, and 120 unit apartment communities located in the Seattle-Tacoma-Bellevue Metropolitan Statistical Area. Stretching from SeaTac and Renton to Kent, Auburn and Federal Way, the properties are located in the South Sound area directly south of Seattle and bordering the iconic Puget Sound. The area is now a major destination for corporate warehouses and logistical operations, largely thanks to the presence of Seattle-Tacoma International Airport and the Port of Seattle. Corporate relocations and expansions have reignited the community's positive economic development in recent years.
2020 - LOS ANGELES COUNTY, CA - Wilshire Unlimited is pleased to announce the purchase of a 40 unit apartment community located in the city of San Gabriel. The Property is surrounded by single family residential communities and neighborhood shopping centers. Its demographics boasts +/- $105,207 average household income within a mile radius. It offers an excellent unit mix of one bedroom one bath and two bedroom two bath units.
2019 - CLARK COUNTY, NV - Wilshire Unlimited is pleased to announce the purchase of a 193 unit apartment community conveniently located west of the 15 Freeway which has been going under extensive revitalization since 2013, bringing over 1,600 new jobs to the area. The Property offers residents four different floor plans, assembled as studio, one, or two bedroom configurations. Current interior amenities include white appliances, wood-inspired flooring or carpet, ceiling fans, and private patio or balcony. The exterior amenities are comprised of a swimming pool, clubhouse with a fitness center, laundry facilities, outside storage, and covered parking.
2018 - CLARK COUNTY, NV - Wilshire Unlimited is pleased to announce the purchase of a 280 unit apartment community in the heart of Las Vegas, Nevada. The community sits on 12 acres with 19 buildings. The units average 737 square feet, and amenities include a swimming pool, leasing office, sand lot and four laundry rooms. This project is a classic value-add deal, and Wilshire's business plan includes addressing deferred maintenance, amenity upgrades such as adding a fitness room, BBQ area, dog park, along with other enhancements such additional lighting, gate enclosure, and installation of CCTV system. https://www.multihousingnews.com/wilshire-unlimited-enters-vegas-market-with-21m-buy/
2017 - ORANGE COUNTY - Wilshire Unlimited is pleased to announce the purchase of a 56 unit apartment community in the city of Anaheim, CA. The asset has a great mix of one bedroom and two bedroom with large floor plans. The asset includes a community pool and spa, carport parking, on site laundry facility, dog run and CCTV security cameras.
2017 - LOS ANGELES COUNTY - Wilshire Unlimited is pleased to announce the purchase of a 42 unit apartment community in the prestigious city of Arcadia, CA. The property was owned and managed by the same owner for almost 60 years, and this was the first time the property was on the market. The asset has a great mix of 1 bedroom and 2 bedrooms with large open floor plans. Amenities includes a community pool, carport parking and an onsite laundry facility. The property sits on Huntington drive and is within walking distance to dining and shopping.
2017 - ORANGE COUNTY - Wilshire Unlimited is pleased to announce the sale of a 16 unit apartment in the City of Fullerton. We achieved a 41% increase in NOI within 2 years. The property sold for almost $1 million over purchase price which represented a 79% IRR.
2017 - LOS ANGELES COUNTY - Wilshire Unlimited is pleased to announce the sale of a 28 unit apartment in the city of West Covina. We achieved a 43% increase in NOI within 2 years. The property sold $1.5 million over purchase price which represented a 84% IRR.
2017 - VENTURA COUNTY - Wilshire Unlimited is pleased to announce the sale of a 18 unit apartment in the City of Oxnard. We achieved a 13% increase in NOI within 2 years. Upon sale we achieved a 37% IRR.
2021 - CLARK COUNTY, NV - Wilshire Unlimited is pleased to announce the purchase of a 455 unit apartment community located in the city of Las Vegas that is situated on a 9 acre lot, consisting of 12 apartment buildings, a swimming pool and cabana. The business plan is to rebrand, and overhaul existing operations. Renovations will include full unit rehabs, new exterior paint, remodel of the leasing office, installation of entry gates, enhancement of the pet areas, and conversion of the spa building to a fitness center.
2021 - KING COUNTY, WA - Wilshire Unlimited is pleased to announce the operations takeover of three Madison Residential properties comprised of 63, 77, and 120 unit apartment communities located in the Seattle-Tacoma-Bellevue Metropolitan Statistical Area. Stretching from SeaTac and Renton to Kent, Auburn and Federal Way, the properties are located in the South Sound area directly south of Seattle and bordering the iconic Puget Sound. The area is now a major destination for corporate warehouses and logistical operations, largely thanks to the presence of Seattle-Tacoma International Airport and the Port of Seattle. Corporate relocations and expansions have reignited the community's positive economic development in recent years.
2020 - LOS ANGELES COUNTY, CA - Wilshire Unlimited is pleased to announce the purchase of a 40 unit apartment community located in the city of San Gabriel. The Property is surrounded by single family residential communities and neighborhood shopping centers. Its demographics boasts +/- $105,207 average household income within a mile radius. It offers an excellent unit mix of one bedroom one bath and two bedroom two bath units.
2019 - CLARK COUNTY, NV - Wilshire Unlimited is pleased to announce the purchase of a 193 unit apartment community conveniently located west of the 15 Freeway which has been going under extensive revitalization since 2013, bringing over 1,600 new jobs to the area. The Property offers residents four different floor plans, assembled as studio, one, or two bedroom configurations. Current interior amenities include white appliances, wood-inspired flooring or carpet, ceiling fans, and private patio or balcony. The exterior amenities are comprised of a swimming pool, clubhouse with a fitness center, laundry facilities, outside storage, and covered parking.
2018 - CLARK COUNTY, NV - Wilshire Unlimited is pleased to announce the purchase of a 280 unit apartment community in the heart of Las Vegas, Nevada. The community sits on 12 acres with 19 buildings. The units average 737 square feet, and amenities include a swimming pool, leasing office, sand lot and four laundry rooms. This project is a classic value-add deal, and Wilshire's business plan includes addressing deferred maintenance, amenity upgrades such as adding a fitness room, BBQ area, dog park, along with other enhancements such additional lighting, gate enclosure, and installation of CCTV system. https://www.multihousingnews.com/wilshire-unlimited-enters-vegas-market-with-21m-buy/
2017 - ORANGE COUNTY - Wilshire Unlimited is pleased to announce the purchase of a 56 unit apartment community in the city of Anaheim, CA. The asset has a great mix of one bedroom and two bedroom with large floor plans. The asset includes a community pool and spa, carport parking, on site laundry facility, dog run and CCTV security cameras.
2017 - LOS ANGELES COUNTY - Wilshire Unlimited is pleased to announce the purchase of a 42 unit apartment community in the prestigious city of Arcadia, CA. The property was owned and managed by the same owner for almost 60 years, and this was the first time the property was on the market. The asset has a great mix of 1 bedroom and 2 bedrooms with large open floor plans. Amenities includes a community pool, carport parking and an onsite laundry facility. The property sits on Huntington drive and is within walking distance to dining and shopping.
2017 - ORANGE COUNTY - Wilshire Unlimited is pleased to announce the sale of a 16 unit apartment in the City of Fullerton. We achieved a 41% increase in NOI within 2 years. The property sold for almost $1 million over purchase price which represented a 79% IRR.
2017 - LOS ANGELES COUNTY - Wilshire Unlimited is pleased to announce the sale of a 28 unit apartment in the city of West Covina. We achieved a 43% increase in NOI within 2 years. The property sold $1.5 million over purchase price which represented a 84% IRR.
2017 - VENTURA COUNTY - Wilshire Unlimited is pleased to announce the sale of a 18 unit apartment in the City of Oxnard. We achieved a 13% increase in NOI within 2 years. Upon sale we achieved a 37% IRR.