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**Affinius Capital Commits $54.7M in Preferred Equity to Hillcrest Apartments Development in Thousand Oaks**
Affinius Capital LLC announced a $54.7 million preferred equity investment in the development of Hillcrest Apartments, a new multifamily project in Thousand Oaks, California. The capital was provided to The Latigo Group, with Bank OZK originating the senior loan for the ground-up construction.
The development will feature a four-story, Class A multifamily community comprising 333 luxury residential units complemented by ground-floor retail space. Project completion is anticipated 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 will offer residents convenient access to US-101.
Rendering courtesy of KTGY Architecture.
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