Expanding its footprint in California’s Inland Empire, San Diego-based Sunrise Management has taken over the management – including marketing, leasing and day-to-day operations – of Riverside’s LuxLiv, a 62-unit multifamily community acquired by Vanamor, a real estate investment firm, for $19.75 million in August of this year.
Originally constructed in 2013, the three-story LuxLiv community – located at 3905 Dawes St. – now has a multitude of modern amenities, including EV charging stations, a fitness center, a swimming pool, a clubhouse with a coffee bar, an outdoor kitchen with barbecues, a community garden and an enclosed dog run. All apartments are outfitted with a washer and dryer, gourmet kitchens with granite countertops and stainless-steel appliances, hardwood floors and oversized dual pane windows.
The property is just off California State Route 91, near Interstates 15 and 215, which connect to job centers throughout the Inland Empire. The La Sierra Metrolink station is two miles from the property and shopping and entertainment are nearby at Magnolia Place, Galleria at Tyler, and West Plaza Shopping Center. Employers in proximity include Kaiser Permanente Riverside Medical Center, California Baptist University, and Riverside City College.
Under the direction of Elibeth Giron, Sunrise Management’s new regional asset director, the company is expanding its footprint in the Inland Empire region, which encompasses Riverside and San Bernardino counties. “Because of our ability to add value via careful marking, branding and positioning, as well as a strong multifamily market in the region, Sunrise expects to experience significant growth in the Inland Empire and currently has four properties in area totaling 425 units,” Giron said.
Founded in 1978, Sunrise Management is a privately-owned San Diego-based firm specializing in the management of residential real estate properties.
Vanamor is a private equity real estate investment firm focused on acquiring value-add multifamily assets in select U.S. growth markets.
