Arselle Investments and Amoroso Companies are making their partnership official after a string of joint deals last year.
The Los Angeles- and Calabasas-based firms announced the formation of a new multifamily platform to acquire up to $500 million of multifamily properties across the Western United States over the next two to three years, Commercial Observer reported.
The new venture, named Amonte Living, will build on the companies’ efforts together after partnering last year to acquire three multifamily properties in the Los Angeles area totaling nearly $90 million. Arselle and Amoroso spent $22 million in August to acquire Alur, a 51-unit property in Pasadena; in October they dropped $44 million for the 119-unit Sofi Topanga complex in Chatsworth and $23 million for the 48-unit Terraces at La Cienega in West Hollywood.
With the Amonte platform, Arselle and Amoroso plan to focus on adding high-quality assets in suburban and infill locations in markets with robust demographics, job growth and barriers to new supply.
Amoroso owns a portfolio that includes hospitality, medical office and self-storage assets in addition to the nearly 8,000 residential units the company has developed, owned or operated, mostly in the Western United States. Since its founding in 1978, the firm has invested in approximately $550 million of real estate assets. The company is “in the process of successfully repositioning many of [its] legacy assets to focus even more on multifamily given the positive near-term and longer-term dynamics in the sector,” Jason Amoroso, COO at the company, said in a statement.
Arselle was formed early last year as a private real estate investment platform formed by Aaron Greeno and Kevork Zoryan. The Morgan Stanley Real Estate Investing and Dune Real Estate Partners alumni invest in asset classes including residential, industrial, retail and self-storage, “leveraging decades of expertise and relationships across [Arselle’s] target markets,” Zoryan said in a statement.
Since a post-pandemic low in 2023, multifamily investment in Los Angeles has been steadily increasing. The number of multifamily units sold in L.A. County climbed in both 2024 and 2025, with nearly 30,000 units trading hands last year, according to Kidder Mathews’ fourth-quarter report. — Chris Malone Méndez
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