Los Angeles-based real estate firm MJW Investments proudly announces the acquisition of Coventry Square Apartments, a 92-unit multifamily community located in the Upland submarket of the Riverside-San Bernardino-Ontario MSA.
“Coventry Square Apartments represents a compelling investment opportunity within a supply-constrained market,” said Mark Weinstein, MJW’s Founder and President. “Its in-fill location, large unit sizes, and value-add potential align perfectly with our mission of generating outsized returns for our investors.”
Built in 1980, Coventry Square Apartments is a single-story, garden-style community consisting entirely of two-bedroom, two-bathroom units that average 1,178 square feet, the largest unit size among local comparable properties. Each apartment includes in-unit washers and dryers, walk-in closets, and covered parking. Situated across 46 buildings on 9.3 acres, the property also features a community pool, landscaped courtyards, and ample parking, offering tenants a unique a true single-family home living experience.
“Coventry Square has been owned by the same family for 25+ years representing a unique opportunity to capitalize on an extensive value-add campaign, generating strong risk-adjusted returns,” said Tony Cianciolo, MJW’s Head of Acquisitions. “The high barriers to entry in the submarket, coupled with buying the asset well below replacement cost provides strong downside protection for our investors.”
The property benefits from its prime location, less than two miles from the Upland MetroLink Station, providing convenient access to major employment hubs in Downtown Los Angeles and San Bernardino. Additionally, Coventry Square is surrounded by diverse retail, dining, and entertainment options and is situated within the Upland Unified School District. Nearby, the $5 billion Brightline West’s expansion of the Cucamonga Station will connect Rancho Cucamonga to Las Vegas via high-speed rail, while the $1 billion Claremont McKenna College Roberts Campus expansion will nearly double the college’s footprint, enhancing the region’s economic and educational landscape.
This acquisition highlights MJW Investments’ ability to uncover and execute off-market transactions that deliver strong risk adjusted returns to investors. As part of the company’s $1.5 billion portfolio, Coventry Square Apartments represents MJW’s ongoing dedication to enhancing communities and creating long-term value through strategic multifamily investments.
Founded in 1983, MJW Investments is a family-owned, vertically integrated real estate investment firm specializing in multifamily and student housing assets. With a proven track record spanning nearly four decades, MJW has developed and owned over 5 million square feet of real estate and maintains an active portfolio valued at over $1.5 billion. The company’s strategic focus is on identifying opportunities in supply-constrained markets with high barriers to entry, ensuring sustainable growth and predictable cash flow for its investors.
