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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
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 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F1e74fbe4-094d-45cb-b9d9-a3aa5b6870dc%2F9061191c-ac55-4fbf-8539-d9ddd251a9e9" onerror="this.style.display='none'" alt="THE ECHO PARK PORTFOLIO Image" style="object-fit: cover; width: 200px;" />
 Multifamily 
 
 THE ECHO PARK PORTFOLIO
 
 Los Angeles, CA 
 By Avison Young

 <a href="/user/49eb143d-6946-494f-938d-0f95d92a0a23" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Peter Sherman</a>
 
 Principal and Head of U.S. Multifamily &amp; Development
 
 
 <a href="tel:(310) 480-2634" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(310) 480-2634</a>
 

 <a href="https://platform.reverecre.com/project/1e74fbe4-094d-45cb-b9d9-a3aa5b6870dc" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
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Avison Young offers a comprehensive suite of commercial real estate services, including transaction, management, financial and advisory services. We’ve designed our corporate structure to best serve our clients by enhancing collaboration across our organisation.

Whether you are a user/occupier or an owner/investor, Avison Young is organised to deliver truly integrated solutions to meet your unique needs.

Because we recognise that, for most occupiers, the property burden represents the second highest cost and tends to be the biggest contingent liability, we focus on helping occupiers create property and workplace solutions that improve performance, increase competitiveness, adapt to changing markets and provide the optimum workplace environment for their staff.

- Consulting Services, Facility Management, Occupier Project Management, Occupier Solutions, Occupier Valuation and Advisory Services, Tenant Representation, Transaction Management

We add value right through the property lifecycle, from acquisitions to disposals, in a wide variety of sectors including: offices, retail, industrial and alternative sectors.

Our collaborative approach means we gain a more intimate understanding of the needs of owners and investors.  As a result, we can provide customised advice that underpins intelligent and informed decisions.

Agency Leasing, Capital Markets, Consulting Services, Debt and Mortgage Services, Investment and Asset Management, Investor Project Management, Net Lease, Property Management, Valuation and Advisory Services

Flexible Solutions, Hospitality, Industrial, Multi-Family, Office, Retail

Associations and Nonprofits, Automotive Properties, Data Centers, Healthcare, Life Sciences, Private Equity, Project Management Specialty, Senior Housing, Sustainability

Principal and Head of U.S. Multifamily & Development

Principal, Head of US Investment Sales

 Principal – US Investment Sales

Senior Associate - Capital Markets

AWARD-WINNING DESIGN | OPERATIONAL UPSIDE

WALKABLE | PARK-ADJACENT | EMPLOYMENT CONNECTED

SUPPLY CONSTRAINED | BELOW REPLACEMENT COST

NON RSO PORTFOLIO | DURABLE RENT GROWTH 


Sales Team

Welcome to the The Echo Park Portfolio: an opportunity to acquire three newly constructed, non RSO, Class A multifamily assets totaling 190 units in one of Los Angeles' most recognizable cultural districts that provides a rare mix of urban energy and neighborhood intimacy. The portfolio comprises Park (60 units, 2024), Vista (60 units, 2024), and Zag (70 units, 2022).  

Park & Vista operate as single community and share amenities, while Zag is a few minutes away. 

Peter Sherman joined Avison Young as a Principal in February 2016. For over 11 years, starting in 2004, Peter Sherman has led or been directly involved in over $5 Billion of multifamily investment sales and financings throughout Southern California. Prior to Avison Young, Peter Sherman was a Senior Vice President at CBRE with notable transactions including the $99 million sale of The Lexington, a Hollywood land site entitled for 695 units to AvalonBay, the $300 million sale of Palazzo Westwood Village, a Class A 350-unit mixed-use apartment property in Westwood Village, the $69.7 million sale of The Vineyards at Paseo Del Sol, a Class A 288-unit pre-stabilized apartment sale in Temecula to The Praedium Group and the $45.1 million sale of Pico Lanai, a 174-unit value-add apartment property in Santa Monica to Raintree Partners.

Prior to CBRE, Peter Sherman was a founding Partner of Los Angeles based Multi-Housing Capital Advisors (MHCA). From 2009-2012, MHCA has sold, financed and equitized $2 Billion in apartment and office product. In 2010, Peter Sherman represented CIM Group and Gables Residential in the sale of six Class "A" apartments across Washington DC, Houston, Dallas and Los Angeles.

Before co-founding MHCA, Peter Sherman drove the West Coast multifamily efforts as Senior Vice President with Transwestern Multi-Housing Capital Advisors. Additional sample transactions include the $32 Million sale of entitled land in Playa Vista; the $45 million sale of Villa Venetia, a redevelopment on a ground lease in Marina del Rey; the $126 million pre-stabilized sale of The Hesby in North Hollywood, a newly constructed development in North Hollywood; the $82 Million sale of Vanoni Ranch in Ventura; the $84 Million value-add sale of Fountains at Moorpark; the $121 million land acquisition financing of Ponte Vista in San Pedro; and the $146 million sale of a portfolio of mixed-use assets in Berkeley.

Prior to 2004, Peter Sherman successfully created, developed and managed new businesses in media and technology notably with NBC Universal and Tonos Music. Peter Sherman developed strategies, managed multiple teams, and successfully negotiated new innovative partnerships valued at over $300 million with companies as varied as AEG, Time Warner, Yahoo, Atlantic Records, and Best Buy.

Peter Sherman earned a dual masters degree from the Wharton Business School of the University of Pennsylvania and Johns Hopkins School for Advanced International Studies in 1996, and a BA from the University of Virginia in 1988. Peter Sherman is proficient in Japanese and Italian, having lived abroad in both countries respectively. 

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