Investment Property Group Expands Into New Market
Torrance, California– Investment Property Group, an apartment advisory firm based in Irvine, is pleased to announce the opening of a Los Angeles South Bay Office. The Los Angeles South Bay office will be responsible for disposition, acquisition and facilitating 1031 exchanges for clients in South Los Angeles County. Justin White, Managing Partner stated, “We grew at a phenomenal pace in 2015 and many of our clients have or want South Bay properties in their portfolio. The great response from investors in Long Beach, Downey and Orange County, made expanding in the South Bay a natural fit to continue to serve our loyal clients.”
Mike McKinney, a 37 year industry veteran of the South Los Angeles County market, joins IPG as their Regional VP. McKinney has extensive transaction history throughout the South Bay area where he has worked most of his career at CBRE, and prior to joining IPG, he spent the last 6 years at Berkadia.
“We couldn’t be happier; Mike’s reputation as a client-first broker is impeccable and matched perfectly with IPG’s other leading practitioners. We are excited for Mike to utilize IPG unique platform and simultaneous 1031 exchange program with his existing clients. We view his association as a partnership between a prestigious brand and the market’s preeminent advisor,” said White. McKinney adds, “Gary Tolfa and I have a number of common clients and they all spoke admirably about his ethics and his company; I couldn’t think of a better fit for me to continue my career.”
IPG is proud to be an early tenant of the revitalizing Del Amo Financial Center. “Our location in the heart of the South Bay will be convenient for all investors and puts us close to everything. I’ve always thought the DAFC was the “it” building in the market, and it’s perfect for IPG,” said McKinney.
Founded in 1993, IPG is the fastest growing investment real estate advisory firm in Southern California. Specializing in the sale, acquisition and 1031 facilitation of apartment transactions, the firm grew by 57% in 2015, with over $177M currently listed or in escrow. The company has a collaborative format that facilitates communication between its advisors and more robust information for clients. Their unique simultaneous 1031 exchange system melds technological innovation and creative deal making to harmoniously match compatible properties and investors, resulting in seamless transactions for its many success stories. IPG has offices in Irvine, Torrance and Phoenix.