MBK In the News
The Multifamily Hotspot Hidden in the Inland Empire
Menifee has been named
one of the top boomtowns in America just as MBK Rental Living delivers Artesa
at Menifee Town Center, a new apartment complex.
There is a new housing hotspot
tucked away in the Inland Empire. Menifee, California, has been named one of
the top boomtowns in America, just as MBK Rental Living delivers a new
apartment community in the market. Artesa at Menifee Town Center is a
37-building apartment complex on 15 acres in the city, and will support new and
growing demand for quality living.
Menifee is a beautiful place to
live, surrounded by hills, lakes, vineyards, and mountain vistas. There is a
great family vibe to the area that emanates from Newport Road, Craig Jones, president
of MBK Rental Living, tells GlobeSt.com. In fact, Menifee is ranked
the second safest city in Riverside County, and Menifee schools are ranked
second in Academic Achievements in Riverside County. Menifee plans to soon add
several new schools to keep up with its growing population. The 215 corridor is
a key path of growth in Southern California, driven by the logistics industry
and other business growth, and the area near Artesa has seen a concentration of
healthcare-related development with Kaiser Permanente, Loma Linda Medical
Center and others building facilities.
The property has a mix of one-,
two- and three-bedroom apartments, ranging in size from 820 to 1,322 square
feet. Residents will also have access to amenities in the surrounding
community, giving a homey atmosphere to the property. Artesa is a retreat in
the midst of the active master-planned community of Menifee Town Center. It is surrounded by walking trails and parks, but is also walkable to newly built
retail centers that offer grocery stores, restaurants, and entertainment, says
Jones.
For that reason, MBK Rental is
targeting families with children for the property. We certainly think families
with children will be attracted to our community amenities and the outdoor
activities offered within the master plan, not to mention the adjacent Santa
Rosa Academy, says Jones. However, we expect a diverse renter
demographic and have created homes that suit the needs of all. That includes
quality in-unit features, like quartz counter-tops, modern shaker-style cabinets
with two color choices, upgraded stainless steel appliances, and in-home
full-size washer and dryers.
MBK Rental has been an
active developer in the Inland Empire, building over 1,000 units since 2015,
including the 230-unit Mitchell Place. We are bullish on the growth and future
prospects for this area, says Jones, adding that the market activity and
leasing has remained strong, despite the pandemic-related economic dislocation. We have seen strong demand and have offered few incentives during the recent
period, despite the need to conduct virtual leasing for safety, says
Jones. Our occupancy continues to rise. In fact, the last 30 days
have been stronger than any period since last summer.
[ Posted June, 8th 2020 ]
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