Southern California multifamily real estate
Generation Real Estate Partners brings development, asset management, and property operations together to create and steward multifamily communities across Southern California.
Why GREP
Generation Real Estate Partners develops, owns, and operates multifamily real estate in Southern California. Steven Scheibe and Ramin Ghaneeian founded GREP in 2016.
Since its inception, GREP has successfully acquired, developed, and operated several multifamily projects, delivering quality apartment living and high performing investment returns for its partners.
Track record
Seven projects show how GREP approaches site potential, entitlement strategy, construction, and long-term operations across the development cycle.
Project 01
Mix of 2 and 3 bedrooms, TOC density bonus utilization, development finished Q1 2020.
View projectUnits
24
Location
Hancock Park and Larchmont Village adjacent, blocks from Paramount Studios — 5122 W Maplewood Ave
GREP involvement
General Partner and Developer: lot assemblage, entitlement, construction management, asset and property management
Property highlights
5th story open-air courtyard, front-façade frosted glass and board-form concrete, balconies in every unit.
Project 02
4-unit to 6-unit conversion, mix of 1, 2 and 3 bedrooms, rehab completed Q4 2019.
View project
Units
6
Location
West Hollywood adjacent in Los Angeles
GREP involvement
General Partner: acquisition, construction management, asset and property management
Property highlights
Updated units, large lot, ample foliage, in-unit air conditioning and washer dryers.
Project 03
Mix of 2 and 3 bedrooms, TOC density bonus utilization, now fully stabilized. Completed in Q3 2023.
View project
Units
33
Location
Mid City — 861 S Gramercy Place
GREP involvement
General Partner and Developer: lot assemblage, entitlement, construction management, asset and property management
Property highlights
Interior open-air courtyard, underground parking, private balconies, library and gym.
Project 04
Mix of 1, 2 and 3 bedrooms with 5 deed-restricted affordable units. TOC density bonus utilization and ADU bonus.
View project
Units
35
Location
Fairfax — 806 N Edinburgh Ave
GREP involvement
General Partner and Developer: lot assemblage, entitlement, construction management, asset and property management; currently under construction
Property highlights
Modern finishes with a gym, rooftop lounge, BBQs and dog run.
Project 05
100% affordable building under ED1 development incentives. Primarily studio and efficient 1-bedroom units with a few 2-bedroom units.
Units
44
Location
Sawtelle — 11418 Missouri Ave
GREP involvement
General Partner and Developer: lot assemblage, entitlement and construction management; currently under construction
Property highlights
One of the first ED1 plans to be entitled and one of the only in a high-resource neighborhood. No parking, communal laundry and a bike room.
Project 06
New construction project utilizing the LA City Mixed Income Incentive Program and Public Benefit Option.
Units
47
Location
Hollywood / West Hollywood border
GREP involvement
General Partner and Developer: lot assemblage, entitlement and construction management; currently in construction
Property highlights
Planned as one of the first projects to utilize the new MIIP density bonus program offered by the City of Los Angeles.
Project 07
New construction project utilizing the LA City Mixed Income Incentive Program and Public Benefit Option.
Units
61
Location
Hollywood / West Hollywood border
GREP involvement
General Partner and Developer: lot assemblage, entitlement and construction management; currently in design
Property highlights
Using density bonuses and development waivers offered by the City of Los Angeles MIIP / TOIA programs.