MISSION

MISSION

NextGen's mission is to leverage its vertically integrated platform to provide exceptional returns for its investors

OVERVIEW

Together since 2003, the principals of NextGen have successfully invested in $1 billion of real estate transactions and created an impressive track record of profitability, growth and capital preservation.

 

NextGen specializes in acquiring and repositioning underperforming or mismanaged income-producing multifamily and select commercial properties through recapitalization, renovation and professional management. Utilizing a vertically integrated platform, NextGen works cohesively with its in-house asset management and affiliated construction and property management companies to help optimize NextGen’s growing portfolio of multifamily and commercial assets.

Acquisition Criteria

NextGen has acquired over 3,800 apartment units in California and 50,000 square feet of commercial space comprised of 48 separate joint venture and 84 buildings, and is currently negotiating or under contract on multiple additional properties.

 

Asset Type: Multifamily, Industrial, Office, Distressed Assets & Loans

 

Multifamily:

Business Plan: Value Add, Core Plus, Core

Size: All sizes with preference of $10M+ and Portfolios

Location: Southern California selected Opportunities through the West

 

Industrial:

Business Plan: Value Add
Size: $5M – $20M, Portfolios

Location: Southern California

 

Office:

Business Plan: Value Add

Size: $20M – $100M
Location: Los Angeles County

ASSET MANAGEMENT

NextGen‘s asset management division oversees all capital expenditures and operational facets. This allows NextGen to optimize its operations by maximizing revenue sources, mitigating expenditures, and reducing liability and risk. NextGen leverages its asset management team to allocate resources strategically, increasing property values and investment returns.

CONSTRUCTION MANAGEMENT

Turnaround Solutions (TAS) and Tasoro Products, are NextGen’s affiliated general contracting and building materials companies which are instrumental in the rehabilitation of acquired assets. These companies best enable NextGen to increase revenues, to lower costs and to maximize investment values by managing a high-quality construction process and sourcing of attractively priced building materials.

PROPERTY MANAGEMENT

NextGen utilizes its affiliated property management company, Coastline Real Estate Advisors (“CREA”), to professionally manage all acquired properties. Headquartered in El Segundo, California, CREA has offices from Sacramento to San Diego. Since its founding in 2008, CREA has managed approximately $2 billion in asset value across 7,500 residential units and select commercial properties.
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