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4141 Inland Empire Blvd
Ontario, CA 91764
Eric Chen leads an investment sales team based in Ontario, representing clients in the sales of apartment buildings, condominium conversion and land for development for apartments in the San Gabriel Valley and Inland Empire regions. Eric represents a variety of client types include high net worth individuals, syndications, hedge funds, family trusts, private equities and oversea investors from Asia. As Executive Vice President of Investment Properties, combining a 18+ year track record, solid relationships and CBRE’s global platform, Eric will offer unmatched market insight, strategic advice and stellar performances to his clients.
Eric was the top investment sales producer nationally at Marcus & Millichap and he is consistently recognized as the top listing broker and investment advisor in the Southern California multifamily industry. Eric also advises clients on 1031 tax deferred exchanges by providing strategic solutions based on each individual client’s needs.
Since 2003, Eric Chen and Team, along with Ryan Wilkinson, Executive Vice President with CBRE Capital Markets, CBRE Debt and Structured Finance, have completed over $5 billion in sales and finance, over 538+ sale transactions and has between 30%-40% market shares in many cities within Los Angeles and Inland Empire markets. Prior to joining CBRE, Eric was a Director of National Multi-Housing Group; where he successfully mentored many new agents at Marcus & Millichap.
To compliment his investment experiences, Eric prides himself on his commitment to provide his client with first-class services, which are results driven, trustworthy, effective and efficient on representing his client on listing and purchasing assignments as well as advisory services.
- California State University Fullerton, Bachelor Degree; International Business
Professional Affiliations / Accreditations
- CBRE Asia Pacific American Network (APN)
- National Multi-Housing Counsel
- Urban Land Institute
- Certified Commercial Investment Members (CCIM)
- Asian Real Estate Association of America (AREAA)
- Producer of the Year Award (2022) in Inland Empire and LA County Region
- Top 5 Broker in Ontario Office (2017)
- Top 10 Broker in Ontario Office (2017, 2019, 2020, 2021)
- Top 20% in CBRE Capital Markets (2017, 2019, 2020, 2021, 2022)
- Power Broker Award for Top Sales Broker in Inland Empire presented by CoStar (2017, 2019, 2020, 2021, 2022)
- CBRE Asia Pacific Network (APN) Co-Chairs (2017)
- CBRE Asia Pacific Network (APN) National Leadership (2016)
- Multicultural Leadership Award presented by the California Diversity Council (2015)
- Ranked #1 Broker in Ontario Office of Marcus & Millichap (2013)
- Multiple Sales Achievement Awards and National Achievement Award (2008-2013)
- Ranked Top 30 Broker Marcus & Millichap in National Multi-Housing Group (2013)
- Pace Setter Award (2008)
In the News
Specialize in Multifamily Investment Sales in Los Angeles County and Inland Empire.
Eric Chen, Blake Torgerson, Jessica Khoury, Joyce Goldstein, Kevin Sin, Jenifer Téa Pham, Hunter Wetton, Bobby Tang, Justino L. Fa’aola, Bryan Guerrero, and Dalyce Kelley are one of the region’s premier investment sales teams, representing clients in transactions of multifamily properties and land for development in the Los Angeles County and Inland Empire regions.
The team — which represents a variety of clients including high net worth individuals, syndications, hedge funds, family trusts, private equity firms and oversea investors from Asia — combines multi-lingual expertise (Mandarin/Chinese), unmatched market insight and strategic advice to help clients achieve the highest possible return on their investments. Since 2003, Eric and team have completed over $5 billion in sales and finance, over 538+ sale transactions and has between 30%-40% market shares in many cities within Los Angeles and Inland Empire markets.
Under Mr. Chen’s leadership, the team harnesses both CBRE’s proprietary “360 database” of 150,000+ investors worldwide, as well as their own personal catalogue of 45,000 contacts throughout Southern California. Through access to this extensive network, their deep client relationships and the ability to leverage CBRE’s vast expertise across specialties, including CBRE Debt & Structured Finance, CBRE Valuations & Appraisal and CBRE Research, the team consistently surpasses expectations by offering personalized solutions coupled with the prowess of the world’s largest commercial real estate services firm.
Our team specializes in 1031 exchanges. Whether you are in an exchange or interested in exchanging your property, contact us to learn more.
Baldwin Park, CA
Service Lines Engagement
- Capital Markets, Debt & Structured Finance
- Valuation & Advisory Services
A 26-unit boutique garden-style apartment community located in the high-demand East San Gabriel Valley rental market in Baldwin Park, California.
Kimberly Apartments was first purchased by the seller, a local multifamily, value-add investor based in Orange County, Calif., as a value-add opportunity that needed heavy renovation. After successfully implementing their reposition strategy, the property was commanding the highest rental rates in the submarket and ownership had increased rental income by nearly 35%. With healthy property fundamentals and strong submarket conditions, the seller wanted to carry through on their initial business strategy and trade the asset.
The buyer, a private real estate investment firm from San Gabriel Valley, Calif., recognized Kimberly Apartments as an immediate income-producing asset that also offered the possibility for additional increased cash-flow through operational efficiencies. The property also fit well with their long-term investment strategy. However, faced with a rising interest rate environment, the buyer needed to act quickly to ensure the best lending terms. The buyer would also have to convince lenders that the property’s recent operating history based on higher rental rates/lower operating costs was sustainable long-term and a good basis for underwriting. Additionally, due to a complex ownership structure that included an overseas partner, the buyer needed a firm that was sophisticated enough to navigate the additional paperwork required, while also paying close attention to international time zones and post regulations .
The seller enlisted CBRE’s Capital Markets team in Ontario, California to market the property. Based on their experience and deep market knowledge, they helped the seller arrive at a competitive list price that would still give them their desired ROI. Leveraging their strong local-market, private investment relationships, they were able to quickly identify an appropriate buyer.
Once the buyer had been selected, the CBRE Freddie Mac Small Balance Loans (SBL) team in Newport Beach was able to quickly coordinate the necessary third party reports through CBRE’s Valuation team and underwrite the transaction with the short financing contingency required in the purchase contract according to the buyer’s tight timeline. Additionally, during the underwriting process, CBRE built a case to prove the property’s new higher rental rates and lower operating costs would be maintained long-term. Using CBRE Research and market insights into comparable assets in nearby similar submarkets, CBRE’s experts proved Kimberly Apartment’s trajectory of stable and increasing cash-flow.
Ultimately, CBRE arranged a $4.382 million, 4.29% hybrid-rate, 20-year loan with 30 year amortization for the buyer with 70% LTV ensuring they could achieve their required cash-on-cash returns. Additionally, the SBL team was able to lock in an interest rate at application with no rate lock fee until the commitment was delivered to the buyer. The secured rate was 45 basis points below the market average when the transaction ultimately closed.
Additionally, the seller benefited from achieving a record price per unit and price per square foot in the City of Baldwin Park and a 31% return on their original investment. Seamless execution by CBRE’s Investment Sales, Debt & Structured Finance and Valuation teams ensured that all deadlines were met and all parties had full transparency throughout the process providing them with certainty of execution, and ultimately an excellent outcome.
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Live Webinar Links
Thank you to our clients, friends and colleagues who listened to the June 30th Presentation: Panel Discussion on Inland Empire & San Gabriel Valley Apartment Markets. CBRE’s Eric Chen and Blake Torgerson provided a “forward looking” panel discussion on the reopening of our economy and the impact on the Inland Empire and San Gabriel Valley Apartment Markets.
In the April 22nd Presentation: COVID-19 Impact on the Inland Empire and Greater Los Angeles Apartment Market. CBRE’s Eric Chen, Blake Torgerson and Ryan Wilkinson gave their local perspective into how COVID-19 is impacting landlords and tenants, the lending environment, buyers and sellers within the Inland Empire and Greater Los Angeles regions.
Notable Closed Transactions
團隊簡介 - 公寓物業投資團隊
陳鏡羽先生(Eric Chen)與他所帶領的團隊是聖蓋博谷與內陸帝國區域的首席投資銷售團隊, 專門代表投資人在該區域交易公寓物業投資, 土地開發項目及全方位的投資規劃.
該團隊的客戶群包括高淨值資產的個人, 財團法人, 避險基金, 信託基金, 私募基金和來自亞洲及世界各地的海外投資者. Eric與他的團隊精通多國語言 (英語/中文/韓文/越語), 結合敏銳的市場洞察力, 精準的方案策略和頂尖的行銷能力 -- 總能協助客戶獲得最高的投資回報以及達成客戶的投資目標.
透過世邦魏理仕專業的全球服務平臺, 服務範疇包括: 債務及結構性融資, 估價及諮詢和精準的研究報告 – 結合Eric與他團隊為每位客戶提供客制化的解決方案, 使得他們的團隊持續在業界保持領先地位.
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