Lion Real Estate Group, a real estate investment and asset management firm, has relocated its corporate headquarters from Los Angeles to Dallas, effective Jan. 4.
Founded in 2007, Lion focuses on acquiring value-add and opportunistic multifamily and creative office properties with its estimated $900 million in assets under management. In leveraging its principals’ experience, Lion aims to create value through renovation, repositioning, improved management, and optimum capitalization of its properties.
According to the firm, it has participated in real estate transactions that collectively exceed $1.5 billion. Lion also finances custom renovation projects, and owns five residential properties in Texas, including Embry Apartments in Carrollton. In total, the firm said it owns and operates 5,065 multifamily units and three office properties.
Lion’s new headquarters will sit on Turtle Creek Boulevard. Founders Jeff Weller and Mory Barak chose Dallas for its new HQ because it aligns with Lion’s strategy to “acquire desirable multifamily assets outside of the urban core, in high-growth cities across the Sunbelt and Southeast,” the firm wrote to us in an email.
The move will also help expand Lion’s network of family offices and high net worth individuals who are looking for bespoke, long-term real estate investment opportunities that the firm offers on a one-off basis and via its Lion Funds, Weller said.
“We are proactively on the lookout for attractive multi-family housing properties in areas with attractive economic prospects, extensive amenities, and convenient access to a mix of urban centers and major freeways in strong growth markets,” Barak said in a statement. “Having a physical presence in Dallas-Fort Worth-Arlington checks many of these boxes and will improve our ability to secure direct deals on attractive terms with strong potential rates of return.”
Lion plans to keep its Los Angeles office to support West Coast operations.
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