Mixed-use · Los Angeles
The Grand LA (The Grand by Gehry residential tower + Conrad Los Angeles hotel + retail)
—, Los Angeles
Verified
sourcedmodeled1 of 6 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Related Companies (via joint venture with CORE USA).
2 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
1 debt tranche on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Tenants & leasing
Tenant roster & leasing
1 tenant of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Single source — Bloomberg · https://www.bloomberg.com/news/articles/2022-06-30/related-s-1-billion-los-angeles-project-opens-after-15-year-wait · observed 2022
- Ownership — Related Companies (via joint venture with CORE USA): Single source — related.com · https://www.related.com/press-releases/2022-07-14/related-companies-celebrates-opening-grand-las-conrad-los-angeles-and
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.