Olympus Property Acquires Fusion, A Newly Constructed Class A Multifamily Asset in Irvine, California

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Nov 07, 2018, 18:02 ET

FORT WORTH, Texas, Nov. 7, 2018 /PRNewswire/ -- Olympus Property announces the successful closing of Fusion in Irvine California, an unparalleled Class A multifamily asset in one of the most highly sought after submarkets in the United States.

Completed in 2018 and designed by award-winning architectural firm, Withee Malcolm, Fusion offers boutique-style apartment living with luxury amenities. The 280-unit community is located on 3.628 acres in Irvine, California—a city for its exceptional quality of life and high barriers to entry.

Olympus Property acquires Fusion in Irvine, California

"Given the quality of the construction, the attractive location, and difficulty of buying Class A multifamily in the Irvine market, Fusion is an asset Olympus looks forward to holding long term," said Chandler Wonderly, Principal of Olympus Property.

Fusion will anchor Olympus' Opportunity Fund, composed of uniquely positioned assets offering strategic upside for our firm and our partners. Olympus' partners are composed of high net worth individuals, family offices, and financial institutions across the country. Olympus funds allow partners direct ownership alongside the internal owners with diversified risk across multiple geographic locations.

Founded in 1992, Olympus Property owns and manages top tier multifamily complexes across the United States. Over a 26-year history, the firm has become a successful and recognized name in the multifamily industry with over 17,000 units owned and operated across ten states.

Fusion seamlessly blends Feng Shui design with contemporary condo-quality interiors. Community amenities include a roof-top saltwater pool with an indoor/outdoor clubhouse. The roof top amenity center also includes a spa, pool-side furnished cabanas, and a state-of-the-art fitness center. Common areas include a Zen garden and koi pond; fire features and waterfalls; children's play areas, skyline views; a community kitchen with commercial grade appliances and temperature controlled wine refrigerator; and contemporary seating and hammocks.

Unit interiors include 9, 13, or 20-foot ceilings, quartz countertops, stainless steel appliances, wood-style plank flooring, tile backsplashes, gourmet kitchens, full-size stackable washer/dryer sets, private patios/ balconies, USB charging outlets, and ceiling fans.

"Irvine and Orange County as a whole, is one of the most sought-after submarkets in the United States. This is a once in a generation opportunity to purchase one of the best properties in Irvine," said Chase Bennett, Director of Acquisitions at Olympus Property.

To learn more about diversifying your portfolio with Olympus Property, please contact Braden Barr at 817-505-0528 or at [email protected].

SOURCE Olympus Property