Metropolitan Equities, a Westwood-based private equity investment company focused on commercial real estate, launched today with plans to acquire up to $500 million in assets during the next 18 months.
The new firm, led by Gustavo Boros, was capitalized at its onset to invest that money in single-tenant and multi-tenant offices, as well as industrial retail, hotel and multifamily properties. It will acquire nationally, but the focus of its multifamily acquisitions will be local, in Los Angeles County and elsewhere in Southern California.
Metropolitan will specifically seek out “well positioned multifamily buildings, in stabilized or value-add formats,” according to a company release.
Metropolitan, not to be confused with New York’s Metropolitan Equity Partners, is headquartered at the Centerwest Tower in Westwood at 10877 Wilshire Boulevard. – Hannah Miet