Murrieta Apartments LLC made a $1.59M equity investment in an equity joint venture with GE Capital.

		Opportunity to acquire a superior quality asset in a tertiary market.
		The strategy is to implement modest improvements and better management at the property to reposition the property within the sub-market.

		Waterstone at Murrieta represents an opportunity to invest in a quality asset with only a modest repositioning.
		Pacific captured existing loss to lease and, through improved management, property improvements, and the addition of garages, dove NOI significantly higher.