SOURCE: Lincoln Property Company

November 27, 2012 05:00 ET

Lincoln Property Company Introduces New Apartment Development in Downtown L.A.

LOS ANGELES, CA--(Marketwire - Nov 27, 2012) - Lincoln Property Company is excited to announce a new addition to its management portfolio in their West Coast region. APEX, a 30-story development located in downtown Los Angeles, officially embarked on its lease-up phase October 1. This is the first downtown residential high-rise to begin renting luxury appointed units in this submarket since the area's economic downturn. Added to the 2012 Luxe List - Los Angeles in October and named as the LPC Featured Community of the Month for November, this high-profile community is one to watch for industry trends and submarket performance.

APEX's South Park location, adjacent to LA Live and within walking distance to numerous dining, shopping and entertainment options, cultivates a pedestrian lifestyle for downtown urbanites desiring a high-end rental home. Providing soft loft studios, one and two bedroom flats and Penthouse suites, the APEX brand appeals to a wide demographic profile.

Interiors, designed by the award-winning firm Dodd Mitchell Design, feature Dacor appliances including French door refrigerators and gas stovetops, recessed lighting, silica stone counters and floor-to-ceiling windows framing city, Hollywood Hills and pool views. Each APEX home includes washer and dryer appliances and is smart-wired for phone, Internet and cable services. 

Amenities include a fitness center featuring towel and water service, cardio deck, and strength resistance equipment overlooking the sun deck and pool lounge area. The sun and lounge area includes a heated pool, whirlpool spa, fire pit, grilling stations, a multi-speaker audio system and a convenient dog run with animal-friendly grass. Inside, the Live Here Lounge and 3rd floor lounge are designated spaces for residents to work, request concierge services, attend functions and gatherings, and enjoy billiards while watching any one of the HD TVs.

APEX, owned by ST Residential, also features unique resident services such as on-site dry cleaning through Cleancierge.com, pet walking, grooming and vet service arrangements, eco-friendly on-site waterless car wash and a professional free-standing photo booth located in the Live Here Lounge.

APEX is anticipated to conclude lease-up before the wave of new apartment supply saturates the submarket throughout 2013 and into 2014.

About Lincoln Property Company:

Lincoln Property Company was founded in 1965 as a developer and manager of high-quality residential communities. Their national reputation for successful management of their own properties quickly attracted a large client base of owners and investors who recognized the value that they could provide in development, property management and real estate consulting services, so they added third party management to their lines of service. LPC is currently the nation's 3rd largest manager of apartment communities with over 140,000 units under management.

For more information about Lincoln Property Company, please visit: http://www.lincolnapts.com/management-services or visit http://www.lincolnapts.com/regions/ for apartment listings in your area.

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