Affinius Capital Commits $54.7M Preferred Equity to Hillcrest Apartments Project in Thousand Oaks
Affinius Capital LLC has announced a $54.7 million preferred equity investment to support the ground-up development of Hillcrest Apartments, a new multifamily project in Thousand Oaks, California. The investment will be provided to developer The Latigo Group, while Bank OZK has originated the senior loan for the venture.
The project will consist of a four-story, Class A multifamily development that includes ground-floor retail space and 333 luxury residential units. Construction is expected to be completed in the first quarter of 2028.
“Hillcrest Apartments will help fill the need for high-quality multifamily properties in a historically supply-constrained market,” said Mario Morales, executive director at Affinius Capital. “We are dedicated to beginning our partnership with Latigo, who builds exceptionally high-quality product, and look forward to benefiting from their local expertise in the Thousand Oaks market.”
The financing for the project was arranged by JLL Managing Director Bercut Smith. Strategically located at the intersection of Hillcrest Drive and Rancho Conejo Boulevard, the development offers tenants direct access to US-101, enhancing overall connectivity and convenience.
Rendering courtesy of KTGY Architecture.
