Lujan/Merriman Development Group, LLC

Real EstateCalifornia, United States2-10 Employees

Lujan/Merriman Development Group, LLC operates in the real estate sector with a focused value-add strategy, targeting distressed, opportunistic multi-family and commercial properties in prime coastal locations of Southern California. The firm typically repositions properties through value-add renovations to improve tenancy and command higher rents. Formed in 2005, its founders bring a combined four decades of real estate, corporate finance, and accounting experience, supporting a long-term, value-based investment approach.

Based in Long Beach, California, the company has completed nearly $200 million in transactions in its niche of multifamily value-add investing in targeted areas. Its investment approach emphasizes minimizing downside risk while delivering yields to investors through selective property repositioning. In early 2018, via its legacy fund, LMDG acquired two adjacent parcels within an Opportunity Zone in the historic East Village Arts District of Downtown Long Beach.

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