Amoroso and Arselle Investments To Acquire up to $500M in Multifamily Assets
Amoroso Companies and Arselle Investments are picking right where they left off after 2025 ? but this time with something bigger. The two announced that they will invest a combined up to $500 million in acquiring multifamily assets located on the West Coast.
In addition, the Southern-California-based firms revealed the launch of their new venture called Amonte Living, which will serve as the multifamily platform that will seek out properties to grow the duo's combined portfolio.
The new initiative will target high-quality properties located in suburban and infill areas that have strong fundamentals such as limited supply, growing jobs and favorable demographics.
Both Arselle and Amoroso see opportunities to take advantage of buying multifamily properties at deep discounts relative to the replacement cost.
Amoroso, which was founded in 1978, plans to leverage its experience, which includes almost 8,000 units of residential assets that it has operated or developed. Plus, it has invested about $550 million into real estate overall.
"We are in the process of successfully repositioning many of our legacy assets to focus even more on multifamily given the positive near-term and longer-term dynamics in the sector," Amoroso Companies Chief Operating Officer Jason Amoroso said in a statement.
"The opportunity to partner with Arselle will allow us to accelerate this growth, leveraging our operational expertise and their deep relationships and capital markets experience."
Arselle was just formed in 2025, but is led by investment and real estate veterans, Aaron Greeno and Kevork Zoryan, founders and managing partners of the firm.
"Leveraging decades of expertise and relationships across our target markets, we see a lot of opportunities to acquire very good assets at attractive entry points that reflect significant discounts to replacement costs and the basis of prior owners in locations we really believe in," said Zoryan.
In 2025, both Arselle and Amoroso bought three properties in California for roughly $90 million. This includes a 51-unit property in Pasadena, a 48-unit one in West Hollywood and a 119-unit one in Chatsworth. It's unclear if the two this time will target these same areas or ones outside of California on the West Coast.
Source: GlobeSt/ALM