INVESTMENT
FORBIX enters each investment focusing on the downside risk—while the market is at the top, we invest in private notes and construction. The strategy is to build to a pro-forma valuation in a sector with at least a 30% upside. When the market goes down, we acquire value-added real estate projects below their replacement cost value.
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We have established relationships with brokers, asset managers, private funds and portfolio managers to acquire distressed real estate properties and non-performing notes.
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We invest in properties nationwide through strategic partnerships and intricate project delivery methods.
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The principals of FORBIX have been financing, buying, selling and managing real estate for over 20 years. We believe in a diversified real estate portfolio and practice what we preach by actively investing in both real estate and private notes secured by real estate.
Interested in becoming an Investment Partner?
Helping our clients reach their individual investment goals through real estate is our primary focus. Contact us for a free review of your current portfolio and to discuss your long-term investment strategies.
INVESTMENT PORTFOLIO
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Los Angeles
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Tower 222 in San Pedro, CA
This 12-story trophy property is located on over one and a half acres of a prime Southern California oceanview lot slated for adaptive reuse to multifamily in Downtown San Pedro, just one block from the ocean and two blocks from the West Harbor project currently under development (grand opening in 2025). The development will feature 250 residential units, 16,000 sq. ft. of storage space, 30,000 sq. ft. of commercial space, rooftop terrace and other amenities. The project is located in a Qualified Opportunity Zone (QOZ).
FORBIX | Investment | Tower 222, CA
FORBIX | Investment | Tower 222, CA
Views on Fifth, Olympia
The Views on Fifth project is a 140-unit luxury mixed-use multi-family project in Olympia, Washington’s capital. The project sits on the isthmus between Capitol Lake and West Bay with spectacular 360-degree views of downtown, lakes, and the Capitol Building. The property was acquired in December 2016 and was an existing office building that was fully gutted and renovated in 2020 with additional units built surrounding the building. Construction commenced in 2018 and was completed in 2020. This is a joint venture with an experienced local developer and general contractor. The property will be recapitalized and is a long-term hold strategy.
For additional information regarding the property, please visit
https://viewsonfifth.com/
Crossroads on Crosby
Forbix acquired the property with plans and permits in 2017 to build 80 apartment units. Phase 1 was completed in 2020. Phase 2 has commenced construction in 2020 for an additional 56 units.
For additional information regarding the property, please visit
https://www.crossroadsoncrosby.com/
Hillcrest in Inglewood
The Inglewood project sits in a quiet neighborhood near the Rams Stadium, with spectacular views of the stadium and the city. The project is a redevelopment of an existing office building into a mixed-use project with 65 residential apartment units as well as retail. The project was acquired in late 2019 and received entitlements in August of 2020. Construction has commenced at the property with an intended completion in early 2024.
Tamandari, Mill Valley
Forbix formed a joint venture with a local developer, Armax Corporation, to acquire and develop this project. The property was purchased in 2017 and was entitled for 9 luxury condominiums and approximately 5,000 square feet of commercial retail/office. During the construction process, the developer began to re-entitle the project for a proposed 19-unit condominium project in return for offering some of the units to be affordable units. The construction began in 2017 and the units will be ready for sale in 2024.
Little Tuscany, Washington
Little Tuscany is a 143-unit garden-style apartment project acquired in 2015. The project was originally an 8-unit apartment project with undeveloped land. Forbix entered into a joint venture partnership with an experienced local developer to build an additional 135 units. The property was recapitalized after construction and is a long-term hold strategy.
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For additional information regarding the property, please visit
www.littletuscanyapartments.com
St Ives, Hollywood Hills
The Saint Ives Project is a proposed development of a 14,000 square foot high-end home in the prestigious “Bird Streets” only a few blocks from the sunset strip with incredible views of the entire city. The project was acquired in 2018 and commenced construction. Forbix entered into a joint venture partnership with an experienced developer/designer as well as an experienced general contractor, both specializing in high-end, ultra-luxury homes. The project is a spec home and is intended to be sold as soon as it is completed.
The Oaks, Dallas
The Oaks is an 80-unit apartment project in Dallas, Texas. The property was acquired in 2014 with 30% occupancy. The property was fully renovated in 2016, released and is currently at nearly 100% occupancy. The property was recapitalized and is a long-term hold strategy.
For additional information regarding the property, please visit
www.theoaksdallas.com
Park Vista, Atlanta
The project consists of 342-unit Class C apartments in Atlanta, Georgia. The project was a joint venture with an existing owner who needed capital to reposition the property which at the time of acquisition was only 55% occupied. Forbix secured a bridge loan for the property as well as a preferred equity investment in the project. The investment took place in 2016 and the exit plan for the project is proposed to be in 2018.
For additional information regarding the property, please visit
www.parkvistaatlanta.com
Edna Place, Irwindale
Forbix acquired the property through a bankruptcy sale. At the time of acquisition in 2018 the property was in distress and with only 50% occupancy. The property consists of 30,680 rentable square feet on an 86,838-sf lot. The property consists of office and warehouse space. Forbix is currently renovating and repositioning the property and intends to keep this as a long-term hold strategy.
753 Lillian Way, Los Angeles
The property is located in the heart of Hollywood, adjacent to the Hancock Park area. Forbix acquired the property in April 2017. At the time the project was in mid-construction and the existing owner wanted to move on to other projects. Forbix took over the project and finished the construction in 2018. The property received a COFO in July 2018.
Delongpre, Chateau Monroe
Chateau Monroe is a 4-unit residential building built in 1921 located in the heart of Hollywood, CA. The property was acquired in 2016 and was vacant at the time of closing. The property was fully renovated and furnished in a modern yet classic style and is intended as a long-term hold.
Palmilia By the Bay
With spectacular views of the San Francisco Bay, this mixed-use property will feature 178 condo-style apartments (Phase 1), 46 condominiums for sale (Phase 2), and a promenade-style 20,000 sq. ft. retail component. This project will be an integral part of the comprehesive development of the San Francisco Shipyard featuring over 12,000 homes, 300 acres of public space, 500,000 square feet of retail space and over 5 million square feet of commercial space.
Palmilia By the Bay
Palmilia By the Bay
Shopping Center Walla Walla, WA
Shopping Center Walla Walla, WA
Shopping Center Walla Walla, WA
Acquired in 2022 as a vacant warehouse. Fully executed lease with Burlington & HomeGoods combining for an area of 82,941 sq ft. Executing continued efforts to enhance future project value.
Shopping Center Walla Walla 2, WA
Acquired in 2023: 6 vacant pads all located in the Walla Walla Town Center. Currents tenants include Burlington and Home Goods. Neighboring tenants in the center include Ulta, Marshalls, Ross, Famous Footwear, MOD, Planet Fitness, and Hobby Lobby. 288,783 total sq ft.
Shopping Center Walla Walla 2, WA
Shopping Center Walla Walla 2, WA
Shopping Center Silverdale, WA
Shopping Center Silverdale, WA
Shopping Center Silverdale, WA
Acquired in 2021. Hobby Lobby continues to operate at the premises – an area of 42,604 sq ft.
Shopping Center Silverdale 2, WA
Acquired in 2022. Fully executed leases with Aspen Dental & Leslie’s Pool to replace Pier 1 Imports. Cove Coffee to be added. 9,976 total sq ft.
Shopping Center Everett, WA
Shopping Center Everett, WA
Shopping Center Everett, WA
Acquired in 2021. Tenant occupies the premises as Flying Squirrel (48,442 sq ft total).
Shopping Center Olympia, WA
Acquired in 2021. Tenants include Planet Fitness and Harbor Freight Tools. Project includes fully executed lease with Aspen Dental.
Shopping Center Olympia, WA
Shopping Center Olympia, WA
Shopping Center Kennewick, WA
Shopping Center Kennewick, WA
Shopping Center Kennewick, WA
Acquired in 2021. New big box retailer to be co-tenants with Sierra (replacing Toys ‘R’ Us), for a total of 37,899 sq ft.
Shopping Center Auburn, WA
Acquired in 2021. Professionally managed shopping center with enhancements nearing completion. Area of 51,196 sq ft.
Shopping Center Auburn, WA
Shopping Center Auburn, WA
Shopping Center Victorville, CA
Shopping Center Victorville, CA
Shopping Center Victorville, CA
Acquired in 2021. The shopping center will feature Sprouts as a ground tenant. Additional pending lease with major big-box retailer. Total area of 45,460 sq ft.
QuikWash, Encino, CA
Acquired April 2022, then fully converted to express and opened in April 2023.
QuikWash, Encino, CA
QuikWash, Encino, CA
QuikWash, Bellflower, CA
QuikWash, Bellflower, CA
QuikWash, Bellflower, CA
Acquired December 2022. Full service and Entitlements pending (conversion to express).
1619 Firestone Blvd, Los Angeles
This once vacant lot is now a four-story apartment building with 20 units, each measuring approximately 320 square feet. The project provides on-site affordable housing utilizing a cost-effective, environmentally friendly, and innovative method known as modular construction using shipping containers. The building utilizes solar panels for common area lighting, and is made up of single units that are sub-metered for water and electricity. It also includes bike storage and a Laundry facility, both located on the first floor. Every unit has a private kitchen, bath, living area, and balcony.
1619 Firestone Blvd, Los Angeles
1619 Firestone Blvd, Los Angeles
2650 Benedict Canyon Dr., Beverly Hills
This ultra high-end single family home was originally acquired in 2021. Forbix entered into a joint venture partnership with experienced developer/designer Max Nobel (Nobel LA) to facilitate the complete renovation of the property and landscape. In addition to complete customization, the interior also features KAWS art, embodying the notion of incorporating art into home design. The fully renovated modern take on a barn house is finished and currently listed on the market.
Rise on 67th
In 2021, we acquired 50% of a newly built multifamily project in Seattle. It is now a stabilized 178 micro-unit apartment complex that is professionally managed.
QuikWash, Santa Monica, CA
Acquired September 2023. Will operate as a hand car wash until the necessary construction permits are secured.
QuikWash, Hawthorne, CA
Acquired September 2023. The property will soon be renovated to install QuikWash’s industry-leading car wash tunnel with waste minimizing technology and a self-vacuum area.
