In 2015, Lubert-Adler’s Urban Neighborhood strategy began, with an investment thesis of acquiring smaller urban multifamily properties – with an average size of 30-units per building – and applying professional management / branding and aggregating them for economies of scale and exit.

Lubert-Adler targeted niche urban neighborhood markets that were demographically stable and improving over time, and executed with “local infrastructure and boots on the ground.”

Lubert-Adler assembled a market presence in nearly 4,200 units / 135 buildings across Los Angeles, Chicago, Denver, Minneapolis, Washington, D.C., Tampa, Atlanta, San Francisco, and Oakland.