Topics

Apartments
Apartment developer sets sights on young families of modest means
Apartment developer sets sights on young families of modest means

While many Southern California apartment builders are racing to attract hip, single urbanites with lots of cash, one Los Angeles developer is taking a different tack and pursuing young families of more modest means. Decron Properties Corp. is buying and upgrading aging apartment complexes in semi-suburban towns, such as Simi Valley, Chino Hills and Moorpark, where residents are seeking family-oriented communities away from the congestion and bustle of Los Angeles. There are many potential renters who want to raise children in quiet, upscale neighborhoods with good schools but can't afford homes in sought-after urban centers such as the Westside of Los Angeles, said David J. Nagel,...

Loading