Christina Announces Final Close of Fourth Fund After $44M Raise

Malibu-based real estate sponsor and manager, Christina Development Corporation, recently announced the final close of Christina Real Estate Investors 4 LLC. Raising $44.1 million in equity from more than 150 investors across the United States, Christina 4 launched in 2019 and has since acquired six multifamily properties and one retail project in LA’s Westside region.

The seven properties acquired to date total 61 apartment units adjacent to CBS Television City, 7,500 square feet of retail space in the West Third Street Shopping District, 22 soon-to-be-built condominiums in West Hollywood and a rare 15-unit beachfront property in Playa del Rey.

“Our team worked diligently to curate this remarkable portfolio which comprises some of the most exclusive properties in the Westside region of Los Angeles,” said Lawrence N. Taylor, founder and chairman of Christina. “Our 45-year proven track record in this market has underpinned our ability to purchase these properties at attractive prices, most of which have traded hands for the first time in their decades-long history.”