In San Diego, the companies will market Metro Lofts, a group of five unique communities spread out over two of San Diego’s most vibrant neighborhoods:
In Marina Del Rey, Intracorp and ST will team up on the marketing of Gallery Lofts, a four-story, 100-unit loft community in the Marina Del Rey Arts District. Comprised of seven buildings coupled together in a U-shape design, the development features a steel, concrete and glass exterior. Sales are slated for March 2011 for this refreshing statement of style and creativity in the Westside’s most eclectic and up-and-coming neighborhood.
“Together, these communities promise to appeal to a broad spectrum of home buyers who are attracted by the convenience and contemporary style of urban living,” stated Peter Lauener, regional president of Intracorp. “By combining the extensive development, marketing and sales experience of Intracorp with the financial strength and reputation of ST Residential, we are ideally positioned to play a leadership role in the resurgence of the urban residential market in two Southern California cities.”
Intracorp Companies is a family of five privately held, independent companies operating from a common philosophy and financial discipline backed by long-term experience. Two of the five are real estate development companies based in Seattle and California. The others are Intracorp Capital, which functions as a private investment firm that acquires or recapitalizes profitable, private companies, Intracorp Properties, a private investment partnership, and Intracorp Realty Advisors, a full service real estate firm focused on maximizing the value of real estate assets and portfolios.
ST Residential is the managing member of a public-private partnership between the FDIC and a consortium of esteemed private equity investors, including Starwood Capital, TPG, Perry Capital and WLR LeFrak. ST’s management of this partnership provides the greatest combination of industry experience and resources, offering the highest standards of design aesthetic and quality. By leveraging its considerable talent and experience, ST is managing its portfolio with an unmatched level of detail while also enhancing the portfolio with amenities and services uniquely suited for the communities they serve.
Additional information is available at http://www.intracorpcompanies.com and at http://ww.stresidential.com.
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Intracorp Companies is a family of five privately held, independent companies operating from a common philosophy and financial discipline backed by long-term experience.