www.bernalcapitalgroup.com

For Immediate Release

BERNAL CAPITAL GROUP PURCHASES 26 UNIT APARTMENT BUILDING

Irvine, CA. September 24, 2015- Bernal Capital Group a privately held Irvine based real estate investment and development firm, together with its capital partners today announced that it has purchased a 26-unit garden apartment building at 1757 N. Kingsley Drive, Los Angeles, CA 90027 in the Los Feliz section of the city of Los Angeles for $5,000,000.

This courtyard-style building is subject to rent control and the unit mix includes one 2 bedroom-1 bath unit, nineteen 1 bedroom-1 bath units and six studios with full kitchens. Built in 1968 with 18,096 square foot lot area, average living space is approximately 500 square feet and includes courtyard pool, tuck under parking for 26 units, air conditioning, on-site laundry, gated secured parking and entry. Occupancy was 95% at purchase. It is located within walking distance of the Hollywood/Western Metro station and Los Feliz Village in a rapidly developing area with many gentrification projects taking place.

Albert Bernal, Founder and Managing Partner of Bernal Capital Group, said, “This acquisition is a great addition to our portfolio, and we expect it to be a solid investment for our investors. Furthermore, it is consistent with our strategy to expand our footprint into high-growth, liquid and institutionally desirable markets that have compelling economic and apartment growth fundamentals. Los Angeles is one of the strongest apartment markets in the country, and the purchase of 1757 N. Kingsley Drive, Los Angeles provides us with an excellent opportunity to continue our strategic expansion in the greater Los Angeles area. We look forward to bringing our record of operational excellence and integrated approach to this project.”

Bernal Capital Group is a private real estate investment firm focused on developing and managing real estate products that build real value for investors. It currently has five buildings with 113 units in its portfolio. BCG’s approach is focused on distressed and under performing residential and commercial properties in select Southern California markets. Together with our capital partners we look to acquire a variety of value-add and income producing properties in transit-oriented, infill markets. BCG aims to maximize investor profits while spurring economic development in the communities in which they invest.

Contact: Manuel Bernal, Bernal Capital Group (949-690-2418) mbernal@bernalcapitalgroup.com

SOURCE Bernal Capital Group