MORGAN Opens Pearl La Floresta Luxury Community in Orange County, California
February 13 2018 - 11:41AM
Business Wire
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 Mesirow Financial.
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 tenants.
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."
About MORGAN
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 mesirowfinancial.com.
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Encore CommunicationsCarole Minor,
713.880.9550cminor@encorecommunications.com