ABOUT US
WHO WE ARE
Encore development llc, is a privately held company based in Los Angeles that is seeking to acquire multiple smaller Section 8 HAP projects in selected markets for an acquisition rehab LIHTC execution.
We are privately owned, have a strong balance sheet, and bring two decades of experience in closing LIHTC executions in multiple states. We specialize in the acquisition and preservation of At-Risk Project Based Section 8 HAP Communities in our core selected markets and are aggressively seeking acquisition opportunities at this time.
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Benefits of working with us
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We are principals, and cooperate with brokers
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Able to close with bridge debt in 90 days or less
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Able to quickly model complex acquisitions within a few days
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Over 30 years of collective transactional real estate experience
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Encore acquisitions platform has a proven track record of success
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In House Transaction Team
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Established lender and investor relations
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We can cover brokerage fees
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We will pay a separate broker incentive fee for OFF Market opportunities
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Able to write unsolicited offers on off market assets
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Key Objectives
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Build durable current income and cash flow for our investors
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Build long term value that provides an attractive risk-adjusted return for our investors
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Maintain long term affordability in our apartment communities
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Enhance the lifestyle of our residents through superior customer service and providing supportive amenities and services
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Implement investments and practices that build long term environmental sustainability
LEADERSHIP
PRINCIPAL
ARTHUR AREJIAN
Discover the visionary leader driving Encore's affordable housing management and development – Arthur H. Arejian. With a foundation in excellence and a commitment to innovation, Arejian's journey from Philadelphia to Los Angeles has left an indelible mark on the industry.
Hailing from Philadelphia and excelling as an All-American Soccer Player, Arejian's thirst for excellence led him to Villanova University and Penn State University, where he graduated with a BA in Business.
In 1989, Arejian set his sights on Southern California, marking the start of an illustrious career at Marcus & Millichap Los Angeles in 1991. His exceptional dedication earned him the national outstanding achievement award for six consecutive years, culminating in his promotion to Senior Investment Associate in 1997, showcasing his expertise in the field.
In a league of his own, Arejian became the #1 Re/Max Commercial Agent in the United States for 2001 and 2002, a testament to his unrivaled real estate acumen.
With three decades of multi-family brokerage and acquisition experience, Arejian founded Vanguard Investment Group Inc. in 2005, an eminent Boutique Multi-Family Investment Real Estate Brokerage & Advisory firm. His tenure has seen hundreds of transformative multifamily transactions, including over 20,000 units within the last decade alone. This outstanding track record amounts to a remarkable $350 million in transactional volume between 2018 and 2020, contributing to a cumulative $1 billion in transaction volume over two decades.
Arejian's journey extends beyond transactions, as he ventured into development in 2001, acquiring 15 value-add multifamily properties across diverse locales for a total investment of $50 million. His commitment to affordable housing is evident through collaborations with nonprofits in the LIHTC sector and successful multifamily land site entitlements, driving strategic resales post-entitlement.
His pioneering initiatives include a ground-up 60-unit multifamily project in Phoenix, Arizona, and the meticulous transformation of a historic hotel into a thriving 60-unit Class A Market Rate multifamily project in Glendale, CA. Additionally, he revitalized a 100-unit Senior 55+ housing project within a Mesa, AZ golf course community.
Amidst his professional accomplishments, Arejian embraces a vibrant personal life as a devoted father, athlete, traveler, and music enthusiast. His love for water sports, hiking, yoga, sports events, golf, and guitar melodies underscores his balanced approach to life.
Arthur H. Arejian's journey resonates as a testament to his dedication to affordable housing management and development, shaping communities and lives through innovation and unwavering passion.