Virtú Investments Acquires Ardence & Bloom in Los Angeles, California
Virtú Investments closed in January 2023 on its purchase of Ardence & Bloom.
Centered in East Hollywood, California at 5620 De Longpre Ave, Ardence & Bloom is a Class A multifamily complex with 184 residential units and top-tier amenities tailored to the discerning urban resident.
The property shares the street with a historic community theatre and two-acre coworking center and was entitled prior to Opportunity Zone designation. Built by Holland Partner Group and now nearing completion, Ardence & Bloom has already begun receiving strong interest.
When construction concludes in Q3 2023, Ardence & Bloom will provide in-demand tenant amenities including a rooftop deck and bar area, swimming pool, fitness center with yoga studio, co-working space and plentiful garage parking with EV charging stations. Other community features at Ardence & Bloom will include an off-leash dog park and monthly resident events.
Ardence & Bloom will offer studios, one-, two-, and three-bedroom apartments, and multiple townhome floorplans. The property is located within East Hollywood's vibrant art and music scene, with eclectic shops, cafes, and restaurants within a short walking distance.
About Virtú Investments
Virtú Investments, headquartered in Larkspur, CA, is a multifamily real estate investment firm primarily engaged in the acquisition and management of apartment properties in the western United States. Since its founding in 1997, Virtú has acquired and operated 130+ properties, totaling more than 24,000 units and over $3.7BN in real estate. With more than two decades of focused multifamily investing, Virtú maintains a highly selective acquisitions practice and a fully integrated, in-house property management firm.
