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Strategic Realty Capital ("SRC") has completed the acquisition of approximately 1,000 apartment units in the 3rd Quarter of 2011: Eastport Apartments located in Jacksonville, FL, Sun Bay Apartments located in Winter Park, FL, Cheyenne Woods (to be renamed "Parkwood") located in Las Vegas, NV and The Cove at Biloxi Bay located in Biloxi, MS

Hunters Way in Jacksonville, FL: SRC has acquired a 200-unit 99% leased apartment community in Jacksonville, FL. SRC was attracted to the property by the extensive renovations of interiors that had been completed by the seller and the high occupancy rate (99%) of the property, along with the prime location in the upscale Mandarin submarket of Jacksonville...

SRC focuses on providing "A" amenities to working class residents and in turn, increase the cash flow of its properties. As an example, SRC purchased three Las Vegas assets in May 2010, which were generating an annualized negative cash flow of $200,000...

Santa Monica-based real estate investment firm, Strategic Realty Capital, LLC (SRC), announces the completion of nine (9) Class B and C multifamily apartment acquisitions in 2010. SRC is a proven value-add investor in the multifamily/residential rental properties market and now owns over 3,200 units nationwide, concentrating on markets in the Southwest, Midwest, and Southeast regions of the United States.

Team SRC has been busy over the past several months. Multifamily acquisitions have been completed in Las Vegas (475 units), Dallas (240 units), and Orlando (330 units).