Optimus Properties, LLC

Optimus Properties, LLC Appoints Jerome Mickelson as President of Optimus Property Management, LLC to Lead Next Phase of Growth and Innovation!   Real estate investment firm Optimus Properties, LLC is excited to announce the appointment of their new President, Jerome Mickelson, to oversee Optimus Property Management, LLC, the asset and property management wing of Optimus Properties, LLC. Jerome will be responsible for steering the asset management’s strategic direction, driving growth, and further solidifying its position in the real estate market.    With over 15 years of experience in the real estate industry, he brings a wealth of expertise in asset management, with a passion for leading teams and executing strategic business plans. He recently served in a leadership role at Adaptive Realty, Inc., and previously served as the Executive Vice President at Optimus for 10 years. “We are thrilled to welcome Jerome Mickelson back to the team,” said Kamyar Shabani, Principal and Co-Founder. “He has spent the last few years gaining new experience in asset management and brings a fresh perspective and a proven track record of success.” In his new role, Mickelson will focus on increasing operational efficiencies through technology and driving long-term value for investors. “I am excited to rejoin Optimus at such an energizing time,” said Jerome Mickelson. “The real estate market is poised for growth after years of being constrained by high interest rates. Optimus has a solid foundation and a talented team, and I look forward to working with them to build on its success and explore new opportunities for growth.” Optimus currently has 38 employees and anticipates expanding the team to 50 employees in the next 12 months.  K. Joseph Shabani, Principal and Co-Founder, notes that “Jerome’s addition to the company was timed to coincide with Optimus’ plans for strategic growth as the real estate market rebounds.” In particular, Optimus will continue to focus on value add retail and multi-family acquisitions along the West Coast and Pacific Northwest. Optimus recently purchased a 60,703 square foot retail strip center in Yorba Linda, CA, a 70-unit apartment community in Beaverton, Oregon, a retail shopping center located at 5214-5232 W. Sunset Blvd. in Hollywood, CA and a Class A, generational retail asset on Larchmont Blvd., in Hancock Park, CA. Optimus also recently sold a 5.5 development acre site located at 2325 Crenshaw Blvd. Torrance and achieved a 26 IRR for its investors.

Optimus Properties is excited to announce our recent acquisition of Home Ranch Commons, a 60,703 SF community retail center in Yorba Linda, California. Home Ranch Commons is location in the highly desirable City of Yorba Linda with tremendous traffic counts and ample parking.   Anchored by UCI Health, the community shopping center follows Optimus’ retail thesis of investing in wellness, service oriented, and internet-resistant shopping centers.   This acquisition is Optimus’ 3rd retail purchase in 2024 and our first acquisition in Yorba Linda.   We believe strongly in the sectors growth and are excited to continue expanding our retail investment strategy.   Thanks to the Optimus team, our lender, #TomLagos, #PatrickToomey, #MarkDeGiorgio, and #JoseCarrazana for all the hard work and effort in getting this deal done.   Read More: Insert link to https://lnkd.in/ggSu5_Gh   #retail #realestate #LArealestate #IPA #OptimusProperties

https://lnkd.in/grzzbkA8. Our principal, #KamyarShabani, sat down with #TaylorAvakian on the #NoVacancyPodcast to discuss #LosAngelesRealEstate. Valuable insights were shared. Enjoy!

Optimus Properties is excited to announce our recent acquisition of 5214 – 5232 W. Sunset, a 19,904 SF value-add infill retail center on a 42,076 SF lot in Hollywood, California. 5214 – 5232 W Sunset is situated in an excellent infill location with tremendous traffic counts and ample parking. Optimus will transform the underinvested urban retail center by completing an extensive renovation and leasing vacant spaces. This acquisition is Optimus’ 3rd retail purchase on Sunset Boulevard in less than 2 years and continues our value-add retail investment strategy. Thanks to the Optimus team, our lender, #ShahinYazdi, #Colliers and #OronMaher #MaherCommercialReality for all the hard work and effort in getting this deal done. Read More: https://lnkd.in/gYBxGwTu #retail #valueadd #realestate #Colliers #OptimusProperties

Optimus Properties is excited to announce our recent acquisition of Forty9 Jamieson fka Valley Park Plaza, a 70-unit community in Beaverton, Oregon – in the heart of Silicon Forest and 15 minutes outside downtown Portland. Forty9 Jamieson is located in a suburban enclave with easy access to key employment drivers. This acquisition continues to expand our presence in the Pacific Northwest and excited to grow our portfolio in the Portland MSA, which continues it’s rebound as a major west coast gateway metro benefiting from its concentration of semiconductor employment talent and strengthening job market. Thanks to the #Optimusteam, our lender, and #RobertBlack and #SamLawheadNewmark for all the hard work and effort in getting this deal done. #multifamily #Beaverton #Portland #OptimusProperties Read More: https://lnkd.in/deJVHXB2

Optimus Sells Office-to-Resi Development in L.A.’s South Bay for $31M commercialobserver.com   We are thrilled to announce the successful sale of our Torrance investment. This transaction exemplifies Optimus’ focus on providing risk-adjusted value returns for our investors. We are grateful for the excellent teamwork of #RyanPlummer #SeanFulp with #Colliers and #AnthonyMuhlstein #ChrisBenton #KevinShannon with #Newmark   #commercialrealestate #realestate #investment #losangelesrealestate