Concord Capital Partners has announced that Samuel Landman has joined the firm as Chief Investment Officer. The commercial real estate veteran will work on the acquisition, financing, and disposition of real estate assets to help drive the firm’s growth.

Landman brings to his new role at Concord Capital Partners more than 17 years of experience sourcing, acquiring, developing and structuring multifamily, industrial and office projects nationally and globally. As a key member of the Concord investment team, Landman will lead the firm’s corporate equity and debt strategies, focusing primarily on investor relations, partnerships and joint venture structuring.

“Concord’s success in the multifamily sector has been extremely impressive since its inception,” Landman said. “My goal is to support and augment the firm’s natural growth progression by introducing the firm to institutional investors, REIT’s, family offices, insurance companies, pension funds and sovereign wealth funds. We aim to double the portfolio within the next two to three years and double it again within five years.”

Landman’s hire is part of Founder and CEO Reuben Robin’s decision to refocus his firm’s investment strategy on Southern California. After a decade of success that saw the company build its local portfolio through the acquisition of 20 to 100-unit apartments buildings in and around Southern California, Robin shifted the firm’s investment strategy to acquiring institutional size multifamily assets out of state, primarily in Texas.

Over the last eight years, Concord has built a sizeable portfolio of more than 4,500 multifamily and student housing units, across six states. Over time, more investment capital followed Concord to Texas, increasing competition and driving up prices, making it more difficult to achieve the same attractive yields the firm was generating earlier, according to Robin.  

“With much of the capital flowing to the sunbelt states, we are beginning to uncover attractive, risk-adjusted opportunities right here in California,” Robin said. “We plan to spend the next five to ten years building up a significant portfolio in Southern California, and Samuel, with his capital markets connections and knowledge of this market is going to play a role in realizing that vision.”

Landman comes to Concord from WealthStone, LLC where he served as vice president of capital markets responsible for sourcing and arranging equity capital and debt financing for a variety of joint ventures and partnerships across the firm’s portfolio. Previously, he was a senior executive at Los Angeles-based Universe Holdings, a multifamily investment and management firm which owns and manages a portfolio $1.5B AUM throughout Southern California and key East Coast markets. 

About Concord Capital Partners

Concord Capital Partners is a Real Estate Investment and Development firm founded in 2003. Since 2003, CCP has acquired over $1.5 billion in real estate including over 500,000+ sq. ft. of commercial space and over 4,500+ of residential and student housing units throughout the United States. CCP draws on decades of combined experience to identify and acquire unique investments and ground up development opportunities that maximize returns. From creative debt and equity structures to in-depth expense budgeting and overall asset enhancement and development; CCP does what it takes to amplify future market values.

Concord Capital Partners has acquired Casa Real, a 60-unit multifamily property located in the historic Harper District of West Hollywood for $17.275 million.

The four-story, 43,000-square-foot multifamily property is located at 1354 N. Harper Avenue, one block south of the famed Sunset Strip. It’s arched entryways, ornamental ironwork and decorative glazed tiles are examples of the distinctive elements associated with the Mediterranean Revival popular in Los Angeles during the 1930’s. 

Casa Real was originally built as part of the famed Chateau Marmont Hotel and was used to house hotel staff and provide additional lodging for guests when the main hotel was filled. In 1996, Casa Real was designated as a Historic Landmark and placed on the Local Register of Historic Properties by the City of West Hollywood.

“We continue to look for well-located assets with a unique story to tell,” said Concord CEO Reuben Robin. “Casa Real is a gem from the city’s past which we’ve been given the opportunity to restore to its past magnificence. While the seller has been a good steward of the property, Casa Real can benefit from both professional management and thoughtful renovation.” 

The 60-unit building features a mix of studio and one-bedroom homes. Concord will implement a multimillion dollar capital improvement plan that will include, addressing deferred maintenance issues, renovating unit interiors with high-end finishes as leases roll, and restoring the exterior to highlight its vintage heritage.

“Our vision is to have Casa Real exceed the standard of today’s discerning renters, while remaining true to the property’s rich architectural integrity and historic charm,”Robin said.