Los Angeles

Year-to-date, the firm has spent $610 million on Southern California industrial product.

The lease deal comes alongside an announcement that Amazon will create 2,500 corporate and tech jobs in Southern California.

Off-market deals are starting to dominate the market for both private and institutional buyers.

Iman Brivanlou, managing director of Income Equities at TCW says the firm is bearish on CBD office and CBD residential.

The firm has purchased 1,110 units across the Mountain West region in three separate, off-market transactions.

Attendees at the 2022 Housing California Conference explored housing models, inclusionary practices, government programs, energy incentives and more in an effort to address the affordable housing crisis facing California and the rest of the United States.

The deal is among the largest apartment transactions in Southern California in the last decade.

Voracious appetite for net-lease product has propped up values, but if inflation continues to push the 10-Year Treasury up, cap rates will follow.