Urban Stearns Request Access
Los Angeles · Ground-Up Multifamily & Mixed-Use

Target an 18% IRR on Ground-Up Los Angeles Multifamily

Urban Stearns develops, owns, and operates multifamily and mixed-use buildings across Los Angeles's highest-growth neighborhoods. 554 units are in development today. Accredited investors hold a position through the full build, from entitlement to stabilized income.

Investor Briefing · 5 Min
Shy Cohen
Co-Founder · Head of Development & Capital Markets
Schedule an investor call Review the current pipeline
554
Units in development
$260M
Stabilized value
18%+
Target investor IRR
2.0x+
Target equity multiple
01The ThesisLos Angeles Infill

Most sponsors buy finished buildings and wait for the market to rise. Urban Stearns creates value earlier, in the entitlement and ground-up development of urban infill land that passive investors cannot reach. The return is built into the site before the first tenant moves in.

Urban Stearns · Developer, Owner, Operator · Los Angeles
02The Portfolio in DevelopmentCurrent Pipeline
Units in development
554
Multifamily and mixed-use across Los Angeles infill neighborhoods.
Total land basis
$18.2M
Entitled and pre-development sites secured below replacement cost.
Total capitalization
$175M
Debt and equity committed across the active development pipeline.
Stabilized value
$260M
Projected value once the pipeline is built and leased to stabilization.
03Active ProjectsWhere the Capital Goes

Real sites, entitled and under way across Los Angeles.

These are the buildings accredited investors participate in today. Each is a ground-up development on infill land Urban Stearns acquired, entitled, and now builds.

01111 N HarborSan Pedro, Los AngelesSeven-story mixed-use · Pacific Ocean views
021350 W CourtWestlake, Los AngelesSix-story ground-up multifamily
03222 N AlvaradoWestlake, Los AngelesModern infill multifamily
04Investor Returns & TermsAccredited Investors
Target investor IRR
18%+
Net to the limited partner over the life of the development.
Target equity multiple
2.0x+
On invested capital across a full build-to-stabilization cycle.
Average hold
~5 Years
From site acquisition through development and stabilization.
Investor eligibility
Accredited
Verified accredited investors. 401(k), pension, and savings accounts welcome.
Minimum investment
Per PPM
Minimum ticket is set in the Private Placement Memorandum for each offering.
Structure & preferred return
Per PPM
Preferred return and waterfall are documented in the offering materials.
05Who You Invest Alongside30+ Years in LA Real Estate
Shy Cohen
Co-Founder · Head of Development & Capital Markets
50+ Los Angeles projects and roughly $300M developed since founding Cohen Development in 1998. Runs the full cycle in house: acquisitions, entitlements, zoning, financing, construction, and operations. This is the discipline that turns infill land into stabilized housing.
Lee Rubinoff
Co-Founder · Head of Acquisitions & Operations
Former Deloitte senior consultant on a $6B Los Angeles building program spanning 60+ structures. Helped acquire more than $100M of multifamily and managed a quarter-billion-dollar portfolio. Leads acquisitions, underwriting, and the operating side of every deal.
The Urban Stearns team has spent 30+ years operating real estate investments for institutional investors, private equity, pension funds, family offices, and high-net-worth individuals. That same discipline is now open to accredited investors directly.

Schedule an investor call.

A direct conversation with the Urban Stearns team. We walk through the current pipeline, the target returns, and how accredited investors hold a position. Offering documents follow the call.

On the call
  • The 554-unit Los Angeles pipeline and current project detail
  • The target 18% IRR, 2x equity multiple, and ~5-year hold
  • How entitlement and ground-up development create the return
  • Q&A on structure, minimums, and accreditation
July 2026
SMTWTFS
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Wednesday, July 15 · Available times (PT)
9:00 AM PTReserve →
10:30 AM PTReserve →
1:00 PM PTReserve →
3:00 PM PTReserve →
4:30 PM PTReserve →
Edit