ORA Multifamily Investments I, LLC (“OMI”)

Investment focus:
Condominium conversion projects (Existing multifamily residential projects intended for conversion to for-sale condominium units.)

Target markets:
  • California
  • Nevada
  • Arizona
  • Washington
  • Other high-growth metropolitan markets throughout the U.S.
Typical project profile:
  • Size of the development: 75 - 300 units
  • Capital requirements: $10 million to $40 million of committed equity
  • Market conditions: Mature markets where high prices for detached homes creates an entrance barrier to home ownership.
  • Investment term: approximately 36 months
Development partners:
  • Resmark partners with some of the nation’s most experienced condominium conversion developers.
  • OMI is also a co-owner of ColRich Residential, LLC. The partnership was formed in 2004 to convert apartment projects to condominiums across the western United States.