APPA Real Estate

About APPA Real Estate

APPA Real Estate is a real estate operator. APPA Real Estate operates in Los Angeles, California (LA). Its investment focus is on Affordable Housing, Coliving and Multifamily - Ground-up.

APPA Real Estate is a Los Angeles‑based real estate investment and development firm structured as a certified B Corporation™ focused on delivering measurable social and economic impact. Its senior team has been active in real estate development and investing for over 20 years that includes executing more than $5 billion in multifamily and commercial value‑add transactions since 1999. Since its founding roughly 10 years ago, APPA has invested and managed nearly $400 million in multifamily real estate across approximately 566 units and holds over $300 million in current assets under management. The firm targets properties in Southern California—primarily Hollywood, Mid‑Wilshire and East Pasadena—focusing on multifamily apartment buildings in infill urban neighborhoods. APPA’s investment criteria aim for a minimum 20 percent IRR, a 2× equity multiple, and reserve conservative leverage with yield targets above 6 percent. Its strategy emphasizes green real estate, workforce‐affordable housing, and sustainable community development that integrates local input and supports long‑term community growth.

Principals at APPA Real Estate

Recent activity at APPA Real Estate

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APPA Real Estate's project portfolio

No projects on file for APPA Real Estate yet.

Markets and themes

Markets APPA Real Estate operates in

• Los Angeles, California (LA)

Investment themes at APPA Real Estate

• Affordable Housing
• Coliving
• Multifamily - Ground-up
• Multifamily - Value-Add
• Opportunity Zones
• Workforce Housing

Capabilities

• Asset Management
• Construction Management
• Custom Homes
• Economic Development
• Environmental Remediation
• Mixed Use
• Site Development
• Transit-oriented development
• Urban infill

Operators similar to APPA Real Estate

• ​LargaVista Companies
  Mid-market tierLos Angeles, California (LA)Affordable HousingOpportunity Zones+3 more themes
• Cypress Equity Investments
  Mid-market tierLos Angeles, California (LA)Affordable HousingMultifamily - Ground-up+2 more themes
• Catalyst Capital Partners
  Mid-market tierAffordable HousingOpportunity Zones+3 more themes
• Novin Development Corp. (NDC)
  Mid-market tierLos Angeles, California (LA)Affordable HousingMultifamily - Ground-up+2 more themes
• BC Group
  Mid-market tierLos Angeles, California (LA)Workforce HousingMultifamily - Value-Add+2 more themes
• Spandrel Development Partners
  Mid-market tierAffordable HousingOpportunity Zones+3 more themes
• Strada Investment Group
  Mid-market tierAffordable HousingMultifamily - Ground-up+2 more themes
• Ridgehouse Companies
  Mid-market tierOpportunity ZonesMultifamily - Ground-up+2 more themes
• Trailbreak Partners
  Mid-market tierOpportunity ZonesMultifamily - Ground-up+2 more themes
• KS Group
  Mid-market tierAffordable HousingMultifamily - Ground-up+2 more themes

Frequently asked questions about APPA Real Estate

What does APPA Real Estate do?

APPA Real Estate is a Los Angeles‑based real estate investment and development firm structured as a certified B Corporation™ focused on delivering measurable social and economic impact.

What markets does APPA Real Estate operate in?

APPA Real Estate is active in Los Angeles, California (LA).

How many employees does APPA Real Estate have?

APPA Real Estate has 2–10 employees.