MBK Rental Living Breaks Ground on Expansive New Apartment Community in Corona, California

CORONA, Calif. - Nov. 21, 2014 - PRLog -- MBK Rental Living, a division of veteran homebuilder MBK Homes, announced today that construction is underway at Palisades at Sierra Del Oro, a new collection of 288 for-lease homes in Corona, Calif. Fulfilling a high demand for rental housing in this centrally located area of Riverside County, the gated community will have a complete offering of resort-inspired amenities that appeal to a demographic looking for a sophisticated place to live outside of the typical urban centers.

“The housing industry is seeing a growing demand for multi-family homes across the country this year, and we are uniquely positioned to offer renters a high quality product given our experience in building new, for-sale homes,” said Rick Fletcher, Vice President of Sales and Marketing for MBK. “Palisades at Sierra Del Oro offers a broad list of amenities. This coupled with our partnership with an experienced property management firm like Alliance Residential, raises the bar on apartment homes in Corona that will appeal to both young professionals and families looking for a central location in a strong school district.”

Complete with for-sale quality finishes and amenities including expansive 9-foot ceilings and open concept living areas, residences at Palisades at Sierra Del Oro are the only new for-lease apartments of their kind in Corona. The community will feature six floor plan choices including one, two and three-bedroom options with one and two-bathrooms, ranging in size from 842 to 1,410 square feet. Homes will have personal balconies or patios, air conditioning, accent color walls, paneled doors, full-size washers and dryers and upgraded wood-style flooring. Kitchens will include stainless steel appliances, granite or E-stone countertops, modern shaker-style cabinetry and USB charging ports.

The community boasts Spanish Revival style architecture by Architects Orange, with lush, landscaped grounds by Sitescapes, Inc. A variety of amenities at Palisades at Sierra del Oro are slated to include an outdoor pool and spa, outdoor community gathering areas, barbeques, outdoor fireplace, a fitness center, and a playground for children and families. Additional amenities will include a business center, clubhouse with television and full kitchen, and WiFi access in common areas. Private garage spaces or assigned covered parking will be available for each unit. Palisades at Sierra del Oro will be complete with professional on-site management including a convenient package delivery system.

The city of Corona is home to the Corona-Norco Unified School District, which is also the largest employer in Corona. The area also includes other prominent employers such as Corona Regional Medical Center, Kaiser Permanente, Fender, and Watson Pharmaceuticals. Palisades at Sierra del Oro provides convenient access to California State Route 91 and Interstate 15 to reach a variety of Southern California destinations throughout Orange County and Los Angeles, and is located only one freeway exit away from Orange County. Residents at Palisades at Sierra del Oro will be situated close to the high-ranking Prado View Elementary School.

Rental rates will begin at approximately $1,500 - $1,600 per month, and occupancy is anticipated for Spring 2015. For more information about the community please visit www.palisadesapartmenthomes.com.

Palisades at Sierra Del Oro marks the second rental community for MBK Rental Living. Their first rental community, Ocean Air, in Torrey Hills, Calif., began leasing in August 2014.

About MBK Rental Living

MBK Rental Living is the newest division of MBK Homes, which is active in the development of rental and for‐sale single‐ and multi‐family housing communities, apartment property acquisition, and distressed asset renovation. Through its various housing solutions, MBK Homes’ mission is to provide top quality shelter to residents in California. Throughout its nearly 20 years, MBK Homes has earned a reputation for delivering award winning customer satisfaction in housing that is innovative in design, comfort, sustainability and craftsmanship, all at an excellent value.

MBK Homes is a division of MBK Real Estate Ltd., the U.S. real estate development arm of Mitsui & Co., Ltd., one of the world’s largest corporations. MBK Real Estate’s companies span a wide spectrum of real estate development, including homebuilding, retail and senior housing divisions.

MBK Homes is headquartered in Irvine, California. Corporate offices are located at 4 Park Plaza Suite 1000, Irvine, CA 92614; phone (949) 789‐8300; fax (949) 789‐9300; or visit the website at www.mbkhomes.com.