Press

THE RISE OF VIRTUAL LEASING

Virtual leasing has been integral to maintaining multifamily leasing momentum throughout the pandemic. In early 2020 we weren’t sure if anyone would want to move during COVID-19, but soon it became clear that more people than ever were prioritizing their living spaces and often seeking more space – leading to a steady stream of potential renters at our properties. Cityview had already started to roll out the tech-enabled leasing model prior to the pandemic, but COVID-19 accelerated that implementation at all of our properties throughout the Western U.S., allowing potential tenants to tour properties in the comfort of their homes.

CITYVIEW ACQUIRES INTEREST IN 350-UNIT DECO APARTMENTS IN DENVER

Situated on 3.5 acres, the property features a mix of studio, one-, two- and three-bedroom floor plans with to up 11-foot ceilings, vinyl wood flooring, stainless steel appliances, in-unit washers/dryers, designer cabinetry, quartz countertops, dual vanity baths, walk-in closets and keyless door entry.
Community amenities include an on-site ski simulator and gear lounge equipped with ski and boot lockers, as well as space for snowboards, mountain bikes and kayaks; and a rooftop deck with outdoor seating, a fireplace, television, drink ledge and ski gondola.

CITYVIEW BUYS INTEREST IN MULTIFAMILY COMMUNITY IN DENVER

DECO reflects Cityview’s penchant for creating carefully curated communities for renters. It features a number of amenities aimed at complementing Denver’s mountain culture, including an onsite ski simulator and gear lounge equipped with ski and boot lockers, as well as space for snowboards, mountain bikes and kayaks. Roof decks are designed to highlight pristine mountain views with outdoor seating, a fireplace, TV, drink ledge and ski gondola.

OPPORTUNITY (ZONES) ABOUND

A pandemic, it seems, has some strange effects on investors and calendars. Normally, opportunity zone projects are funded in April and June, said Sean Burton, CEO of Cityview, a Los Angeles, California-based multifamily development firm that is building Adams & Grand, an urban residential and retail project near downtown Los Angeles.
But the arrival of COVID-19 in the U.S. early last year, just as Cityview began raising funds for the project, a conversion of small commercial buildings into one integrated complex, upended the plan.

NAYE JOINS CITYVIEW AS SENIOR DIRECTOR OF ACQUISITIONS

Naye will manage acquisitions, including sourcing, underwriting, closing and developing comprehensive business plans for investors, and work closely with the Cityview team to manage and expand strategic acquisitions across the firm’s vertically integrated platform.

Devang Shah

Managing Director, Acquisitions
Devang Shah is responsible for multifamily value add acquisition and asset management in Southern California. He has 22 years of experience in real estate investment, development, design, construction and asset management. Previously, Devang was the principal of Marketcents Inc. an independent project management firm, serving as an owner’s representative to investment firms, builders and developers. Prior to that, he worked was Vice-President at RCLCo, LLC, a national independent real estate consulting firm. ​