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Multifamily Investors Are Heading to Highland Park

LOS ANGELES—Skya Ventures buys a 60-unit apartment complex in the Highland Park, beating out 25 other offers. In this EXCLUSIVE interview, the firm’s Gelena Skya explains why it is such an attractive market for investment.

Gelena Skya-Wasserman Gelena Skya-Wasserman is president and founder of Skya Ventures.

LOS ANGELES—A joint venture between Skya Ventures and Gelt Ventures has acquired a 60-unit apartment complex in the Highland Park neighborhood of Los Angeles from Azusa Pacific University. The property is located at 5800 to 5820 Marmion Way, and, while the investor wasn’t privy to the marketing process, they heard that the property had as many as 25 other offers. It isn’t surprising considering that we are starting to report more and more investors looking for opportunities in the Highland Park market. To find out why this is becoming an attractive market for investment, we sat down with Gelena Skya-Wasserman, president and founder of Skya Ventures for an exclusive interview.

GlobeSt.com: Why is Highland Park an attractive spot for investment? 

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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