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California  + Los Angeles  + Finance  | 

Dekel Delivers $80M for South Gate MF Development

Connect Orange County is coming up this week (August 22nd) at The Resort at Pelican Hill in Newport Coast. More information about the event and registration details can be found here.

Dekel Capital arranged preferred equity and construction financing in excess of $80 million for the development of Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate, CA. The financing was secured on behalf of JPI.

The project is the first new multifamily development in the last 30 years to be built in the Downey/South Gate area, notes Dekel Capital’s Shlomi Ronen.

Ronen says, “South L.A. has long been overlooked by multifamily developers in this current cycle, which presents a great opportunity for JPI. This property will offer above average amenities and finishes at an affordable price point for the average two-income working household, something this market is severely lacking.”

Located at 10920 Garfield Ave., the 4.1-acre site formerly housed a retail center. The new four-story, wrap structure will offer a mix of one, two and three-bedroom homes. Initial apartment homes are expected to be delivered by October 2020.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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