Firm completes second acquisition since launch, growing portfolio to 22 units and approximately $5 million in assets under managementLOS ANGELES, CA, Sept. 07, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> -- Tower Real Estate Partners (TREP), a Southern California-focused real estate private equity firm, has completed the acquisition of a 13-unit apartment community at 939 Pacific Avenue in Long Beach, California. The transaction is TREP’s second multifamily acquisition since launching in January 2026 and brings the firm’s portfolio to 22 units and approximately $5 million in assets under management. <img height="425" name="GNW_RichHtml_IMG" src="https://ml.globenewswire.com/Resource/Download/47dc9e4a-9a42-46ca-99f1-5ad43e2a778d/image1.png" width="797" data-dpi="96" data-filename="image1.png" /> Tower Real Estate Partners’ 13-unit multifamily acquisition at 939 Pacific Avenue in Long Beach, California. The acquisition follows TREP’s first multifamily closing in May 2026 and advances the firm’s strategy of building a portfolio of workforce housing investments across Southern California. TREP partnered with Luke Curran of Chester Capital on the acquisition. “We continue to see compelling opportunities across Southern California as higher capital costs and a challenging refinancing environment create attractive entry points in the multifamily market,” said Edgar De La Torre of Tower Real Estate Partners. “Our focus remains on acquiring well-located assets at an attractive basis where active ownership and local execution can drive durable long-term value.” TREP was founded to bring an institutional investment framework to middle-market multifamily opportunities across Southern California, with a focus on well-located assets where disciplined acquisition basis, property-level fundamentals and hands-on management can support long-term value creation. The firm believes smaller, operationally intensive multifamily properties can offer attractive opportunities, particularly where they fall outside the mandate of larger institutional buyers. “As we grow the portfolio, we intend to remain highly selective and consistent in our investment approach,” De La Torre said. “We are actively pursuing additional multifamily acquisitions across Southern California and continuing to build relationships with brokers, investors, lenders and strategic capital partners who share our conviction in the market.” For acquisition opportunities and partnership inquiries, contact TREP at <a href="https://www.globenewswire.com/Tracker?data=5QZoG5U85koS1zmvw4fB13tvXe9AXvQp-RC0R3AFi1z17Gpb6IPRYa_jiDsHF_W-c4ETULedFrDBbX57vcpcb-HYMX3slNdMpsBvmLAoLMc=" rel="nofollow" target="_blank" title="deals@towerrep.com">deals@towerrep.com</a>. Additional information about Tower Real Estate Partners is available at <a href="https://www.globenewswire.com/Tracker?data=dyU471GlDZEgVmqo8cADnKbPKpjfYCKUkPC9GcIbochLZw78stjsOvWlzX21FlrunYYrv0-OFkg4C8D2LZWEFg==" rel="nofollow" target="_blank" title="towerrep.com">towerrep.com</a>. About Tower Real Estate Partners Tower Real Estate Partners is a Southern California-focused real estate private equity firm investing in middle-market multifamily and workforce housing. The firm targets well-located properties where disciplined acquisition basis, strong property-level fundamentals, hands-on management and strategic repositioning can drive long-term value. Since launching in January 2026, TREP has completed two multifamily acquisitions totaling 22 units and approximately $5 million in assets under management. <img height="126" name="GNW_RichHtml_IMG" src="https://ml.globenewswire.com/Resource/Download/efa0685e-59ad-4361-b271-c946fd0a729b/image2.png" width="294" data-dpi="220" data-filename="image2.png" /> Tower Real Estate Partners (TREP) Media Contact Company Name: Tower Real Estate Partners Contact Person: Edgar De La Torre Phone: (714) 414-2588 Country: United States Website: <a href="https://www.globenewswire.com/Tracker?data=TeZUrQlCnVVxZKYLSJaQB4-S36Pq2QL5g3ArHYtMxJzc6wmjbOuroo-GVDMYuECA2THV2JprjAQ4xVvNMcqvd5yoR8_3FD0oAU74TTfPgb4=" rel="nofollow" target="_blank" title="">https://towerrep.com/</a> <pre>CONTACT: Media Contact
Company Name: Tower Real Estate Partners
Contact Person: Edgar De La Torre
Phone: (714) 414-2588
Country: United States
Website: https://towerrep.com/</pre> <img alt="" src='https://ml.globenewswire.com/media/YTk3ZGZkNDQtZTA3My00OGI3LWFjMTYtMDE4MWExYTk5YjQyLTUwMDE2NzUyMS0yMDI2LTA5LTA4LWVu/tiny/Tower-Real-Estate-Partners.png' referrerpolicy='no-referrer-when-downgrade' />

Tower Real Estate Partners Expands Southern California Multifamily Portfolio with Long Beach Acquisition

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