Southern California-based Arselle Investments and Amoroso Cos. have launched Amonte Living, a platform to acquire up to $500 million of multifamily properties across major markets in the West over the next two to three years.
The venture combines Amoroso’s nearly five-decade track record of development, operating, or investing in close to 8,000 multifamily units with Arselle’s capital markets, investment, and asset management experience.
According to the partners, they plan to capitalize on the repricing that occurred in the multifamily sector and will focus on acquiring high-quality assets in suburban and infill locations in markets with strong job growth and barriers to new supply. In 2025, the firms partnered to acquire three California multifamily communities—the 51-unit Alur in Pasadena; the 119-unit Sofi at Topanga Canyon in Chatsworth; and the 48-unit Terraces at La Cienega in West Hollywood—representing approximately $90 million, with plans to grow the portfolio.
Aaron Greeno and Kevork Zoryan, managing partners of Arselle, founded the private real estate investment firm in early 2025 and are bullish on the multifamily sector.
“This is a compelling time to invest in multifamily assets,” noted Greeno. “Supply is rationalizing in many markets with fundamentals stabilizing, but there continues to be pressure on many overleveraged owners, which should continue to drive attractive acquisition opportunities in the sector.”
This partnership also helps Amoroso, a third-generation, family-owned commercial real estate firm founded in 1978, to adapt and grow its platform, said chief operating officer Jason Amoroso. In addition to developing, owning, and operating multifamily communities, it has a diversified portfolio that includes hospitality, medical office, and self-storage assets.
“We are in the process of successfully repositioning many of our legacy assets to focus even more on multifamily given the positive near-term and longer-term dynamics in the sector,” he said. “The opportunity to partner with Arselle will allow us to accelerate this growth leveraging our operational expertise and their deep relationships and capital markets experience.
“Not only do we have complementary skill sets, but as important, we share similar values and investment approach. We have always invested significant capital from our balance sheet into deals and have a strong focus on risk management and the importance of long-term relationships in our business,” he added.