Newly Acquired Multifamily Property to Undergo Strategic Repositioning
LOS ANGELES, July 9, 2025 /PRNewswire/ — Hawkins Way Capital, a vertically integrated real estate investment firm with over $3 billion in assets under management, announces the acquisition of 1321 N Sycamore, a 40-unit market rate multifamily property located in the heart of Hollywood in Los Angeles, CA. The acquisition is a strategic addition to Hawkins Way Capital’s national multifamily portfolio and reflects the firm’s ongoing focus on identifying and repositioning undervalued urban assets.
“We are excited to add this asset to Hawkins Way Capital’s multifamily holdings,” said Lenny Ross, Partner at Hawkins Way Capital. “This acquisition aligns closely with our current investment strategy, which targets well-located assets acquired below replacement cost—particularly at a time when many traditional investors have stepped back due to interest rate pressures and broader market volatility. We remain confident in the long-term fundamentals of the multifamily sector and are actively pursuing additional opportunities to grow our portfolio during this period of market dislocation.”
Originally built in 1987 and last renovated in 2013, the property will be repositioned through targeted renovations, including upgrading unit interiors, re-imagining amenity spaces, and refurbishing building systems.
The property will be managed by FCL Management, a leading operator of multifamily and hospitality assets in select markets across the U.S., managing 6,000 units in its portfolio. For more information about Hawkins Way Capital, please visit: www.hawkinsway.com
About Hawkins Way Capital
Hawkins Way Capital is a fully vertically integrated real estate company with $3 billion of assets under management, focusing on value-add and opportunistic investments across various asset classes and geographies. The company seeks niche theses targeting attractive risk-adjusted returns, leveraging the principals’ investing experience and extensive network to execute strategies that offer long-term value. www.hawkinsway.com
About FCL Management
FCL Management is a property management firm focused on optimizing the performance of multifamily and hospitality assets in select urban markets across the U.S. With the expertise of a hands-on team, the company works with owners to create a tailored solution across its portfolio of multifamily, student housing properties and hotels.
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SOURCE Hawkins Way Capital
