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Jonathan Genton Jonathan Genton

Apartment development has skyrocketed in Los Angeles over the last few years, but rising prices and increasing development regulations have left some developers wondering where to go. Century West Partners told us earlier that they will likely start looking to develop in more outlying or suburban markets that are outside the jurisdiction of Measure JJJ, and they expect others will follow. Genton Property Group, on the other hand, is looking for markets where they can create density and middle-market housing.

“We are looking at the logical markets where you can still get density and build density,” Jonathan Genton, founding partner and CEO of Genton Property Group, tells GlobeSt.com. “Downtown Los Angeles is a good example, and it is being saturated with a lot of apartments. Rental rates continue to climb and probably will continue because the demand characteristics of 40,000 or 50,000 units that are under supplied annually. That is going to chase rents up naturally.”

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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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