MORGAN, a leader in upscale multifamily development, construction and
property management, has opened and started leasing Pearl La Floresta in
Orange County, California. The five-story midrise, MORGAN's latest
luxury apartment community in its portfolio and the first in Orange
County to carry the Pearl brand, is a joint venture between MORGAN and
Centrally located within the 1,100-home master-planned community of La
Floresta in Brea, Pearl La Floresta is adjacent to the newly constructed
Village at La Floresta, which contains 87,000 square feet of retail,
including a Whole Foods Market, numerous restaurants and lifestyle
The new Pearl contains 204 apartments featuring custom high-end finishes
in one-, two- and three-bedroom units, as well as a few live-work units.
Upscale amenities include an oversized fitness center with a separate
workout room offering Fitness on Demand, a rooftop sky lounge, a 24-hour
cyber café, a resort-style swimming pool, barbecue grills, multiple dog
wash stations, and 24/7 package lockers for convenient package pickup.
“We are thrilled to be opening Pearl La Floresta," said Development
Senior Vice President Philip Morgan. "This boutique community offers
many amenities and was designed to cater to the wants and needs of our
discerning residents. Units have direct pedestrian access to the new
Village at La Floresta retail center, and the property offers
spectacular views of the San Bernardino Mountains."
"The tremendous location, impressive amenities, and unparalleled access
to nearby shopping and recreation are the perfect combination for
residents of La Floresta," said Alasdair Cripps, Chief Executive Officer
and Co-Chief Investment Officer of Mesirow Financial's Direct Real
Estate business. "We're excited to team up with MORGAN on this latest
addition to the Pearl portfolio."
MORGAN is a privately held national developer and manager of Class A
multifamily properties. With headquarters in Houston, TX, MORGAN
specializes in upscale urban construction and third-party property
management across the United States. Since 1988, MORGAN has developed
over 18,000 units at a cost of $2.3 billion, with a $500 million project
pipeline currently in development or under construction. For more
information about MORGAN, visit www.morgangroup.com.
About Mesirow Financial
Headquartered in Chicago, Mesirow Financial is an independent,
employee-owned firm founded in 1937. As specialists in investment, risk
management and advisory services, Mesirow Financial is committed to
helping institutional, corporate and individual clients achieve their
objectives. Its Direct Real Estate business incorporates a diversified
value-added real estate strategy with an emphasis on the U.S.
multifamily sector. Over the last five years, the team has raised
approximately $1.5 billion in equity and has invested in nearly 13,000
units in 22 cities nationwide. To learn more, please visit
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Encore CommunicationsCarole Minor, email@example.com