Tower Real Estate Partners Expands Southern California Multifamily Portfolio with Long Beach Acquisition

September 8, 2026 - 05:02

Tower Real Estate Partners has closed on a multifamily property in Long Beach, marking its second acquisition since the firm launched. The deal brings the company's total portfolio to 22 units and roughly five million dollars in assets under management.

The newly acquired building adds to the firm's growing presence in Southern California, a region where Tower Real Estate Partners says it sees steady demand for quality rental housing. While the company did not disclose the exact purchase price or the specific address of the property, it confirmed the asset is a smaller-scale multifamily building consistent with its investment strategy.

This latest purchase follows the firm's initial acquisition earlier this year. According to company leadership, the focus remains on finding well-located properties in supply-constrained neighborhoods that offer room for operational improvements. The Long Beach market, with its mix of employment centers, port activity, and residential appeal, fits that profile.

Tower Real Estate Partners was formed to target value-add opportunities in the multifamily space, particularly in coastal California markets where barriers to new construction remain high. The firm's approach involves acquiring older buildings and upgrading units to attract higher-quality tenants.

With this second deal closed, the company is actively looking for additional properties in the region. Management says the pipeline remains active, and they expect to continue building out the portfolio over the next several quarters. The goal, according to the firm, is to establish a concentrated footprint in a few key Southern California submarkets rather than spreading investments too thin across the state.