Sentral, a full-building residential hospitality operator, announced Tuesday that it will manage two new luxury residential communities in Los Angeles: Figueroa Eight (744 S Figueroa St., Los Angeles), developed by Mitsui Fudosan America, and Sentral Beverly Hills (6401 Wilshire Blvd., Beverly Hills). Additionally, the company is managing The Battery (1325 N Beach St.), redeveloped by Lubert-Adler Real Estate Funds in Philadelphia.
These properties expand Sentral’s existing footprint in California to include six communities located within the city of Los Angeles and eight more situated throughout the Bay Area. The Battery marks Sentral’s first property to open its doors in Philadelphia as well as their third managed for Lubert-Adler Real Estate Funds across Pennsylvania.
According to Lisa Yeh – President of Sentral – these markets are highly important given their dynamic cultural landscapes which draw a variety of demographics looking for extraordinary living experiences not typically offered through traditional multifamily operators. This opens up an opportunity for building owners to innovate and find ways increase customer satisfaction while also achieving higher revenue potentials.
