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Los AngelesDeveloper the Urban Pacific Group of Cos. is shifting to a long-term hold strategy, following the success of its multi-generational housing model. The developer has become known for creating what it calls the urban townhouse, a five-bedroom multi-level for-rent unit that targets multi-generational families. The model has been successful, and as a result, Urban Pacific Group will begin holding assets long term.

“We had always planned to sell these projects through a merchant build-type model,” Scott Choppin, founder of the Urban Pacific Group of Cos., tells GlobeSt.com. “We have built the model and met the parameters that we needed to prove. I am so confident in this model that we are converting our latest project in Fullerton into a long-term hold, and everything that we build going forward, we are going to hold.”

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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