Excellent teamwork and strategic marketing have been paying off for SRG Residential’s three lease-up apartment communities in Long Beach, CA; sister communities The Linden, The Pacific, and The Alamitos. The communities have a colorful, artistic, boutique feel. The Liden was completed in 2019, and The Pacific and The Alamitos in 2020.
“It has been a challenging lease-up at the Long Beach portfolio. We’ve seen strong move-outs of people wanting less dense living conditions and lower rents. This has impacted the business plan, but the onsite management crew had done a good job of finding every possible lease available. We’ve held our own against a high number of lease-ups in downtown,” says Dave Powers, Senior Vice President of Development for SRG Residential.
Results remain impressive through the pandemic, with almost 55% occupancy at The Alamitos, and over 78% at The Pacific. The valiant efforts by the team at The Linden have them at 90% occupied and trending 96% leased in this tough market. Collectively the three communities have maintained a 4-star average rating across online review sites, and 652 followers across their Instagram accounts. (Numbers are at the time of this writing in March 2021)
Congratulations to this resilient team! These sister communities have been a wonderful addition to the Long Beach market.
Photo of The Alamitos Lobby by Val Dostalek