TriWest Development will perform a major development of a single family home in the Ocean Park submarket of Santa Monica with outside funds raised on its new IMS software platform.
Santa Monica, California, June 15, 2016 (Newswire.com) - TriWest has mastered the luxury, single family home renovation market in greater Los Angeles. With nearly 100 homes converted from distressed or dated to modern luxury, TriWest is creating beautiful homes with execution mastery. The company’s success is built on its proven track record of converting value-add opportunities to some of the most desirable homes in Los Angeles.
The latest addition to TriWest’s $250 million portfolio is 722 Marine Avenue in Santa Monica. The existing structure will be converted to a 2,500 square foot, 3 bedroom, 3.5 bath, modern beach house with high ceilings, open floor plan and all of the finishes and amenities that today’s homebuyers want.
Just this month, TriWest purchased a new “white-label” software platform from Investor Management Services (IMS) that allows the company to efficiently process new investments by accredited investors through an efficient online process. In addition to processing new investments, the IMS platform includes a comprehensive suite of tools that will assist TriWest with investor communications, distribution waterfalls, organizational charts, and centralized document storage.
TriWest will raise $562,485 of capital from outside investors for the 722 Marine project through the IMS platform. TriWest is posting the offering on IMS’ listing website, so accredited investors can invest directly with TriWest. Accredited investors are individuals with more than $200,000 in annual income (or couples with more than $300,000 of joint income) in each of the prior two years or a net worth in excess of $1 million, excluding a primary residence.
“To date, TriWest has completed and sold over 100 projects with strong returns.” says Omer Ivanir, Co-Founder of TriWest Development, LLC. “We are excited to give investors the opportunity to participate in this property where there is a serious lack of inventory and significant pent up demand.” Accredited investors can learn more, download complete investment details, and read all disclosures at https://master.fullcapitalstack.com.
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About TriWest Development, LLC
TriWest Development, LLC ("TriWest") is a residential real estate investment company focused on luxury development properties in Los Angeles County. Within the Los Angeles prime luxury market, TriWest targets submarkets with the best schools, amenities, job creation and risk mitigation factors. TriWest owns a portfolio of development projects valued at over $250 million and has completed and sold over 100 projects with strong returns. Learn more at www.triwestdevelopment.com or call (424) 332-5030.
About Investor Management Services, LLC
Investor Management Services, LLC (“IMS”) offers cutting-edge software that helps commercial real estate owners attract, engage and manage their investors and projects. Its online, technology platform features modern, professional investor dashboards, distribution waterfall management, organizational charts, net portfolio equity calculator, central document management, investor communications, electronic document execution, and live customer service. Learn more at www.investormanagementservices.com or contact IMS at (704) 209-7511 or info@imscre.com.
Source: Investor Management Services, LLC
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