Korean investor with partners buys Inland Empire multifamily property

An investment group led by Ocean West Capital Partners, Korean-based Tiger Alternative Investors, and NH Investment & Securities Co., has closed on the acquisition of The Monterey, a newly built, 442-unit multifamily project located in the Inland Empire community of Corona, Calif.

Completed in 2021, The Monterey features 442 one-, two- and three-bedroom units ranging in size from 726 square feet to 1,520 square feet. The property boasts an unrivaled modern amenity package, including two resort-style swimming pools, expansive clubhouses with roof decks, fully equipped fitness, yoga and spin studios, co-working space with conference rooms and soundproof privacy pods, outdoor movie theater, a community garden and citrus orchard.

The Inland Empire continues to be one of the strongest performing markets in the United States, ranking No. 1 in apartment rental growth across all metro areas in the U.S. last year, according to the joint venture. With rising demand driven by