The Exchange

Multi Family Land

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Riverside

The owners of The Exchange (now Jefferson Riverside) retained The Hoffman Company to secure a blue chip developer to serve as a joint-venture partner to complete the construction and lease-up of the 482-unit multifamily portion of their mixed-use property.  The sellers selected JPI as partner, but ultimately opted instead to sell the property outright to JPI.  The deal was renegotiated and closed in 2022. When completed in 2023-24, the property will feature 21 3-story residential buildings, two pools, recreation areas, two clubhouses, two fitness centers, and a dog park.

Riverside

482

Unit Count

Multi Family Land

Product Type

Entitled at Offering

Entitlements

Unimproved

Improvement Status

Image Gallery

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Location

Site address: 

La Cadena Drive, Riverside CA

Contact

To learn more about the project, reach out to the project broker(s).

Justin
Woodworth
Managing Director of Multifamily Markets
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3
years with Hoffman Company
DRE Lic. #
01845652

Justin specializes in multifamily investment and development brokerage and advisory services.  He leverages his many years’ experience on the principal side of real estate investment and development with some of Southern California’s most prolific multifamily investors and developers.  Justin has touched all aspects of multifamily investment and development prior to joining The Hoffman Company. Therefore, he is uniquely well-suited to provide to clients a perspective uncommon in the brokerage industry as to how to optimize the value of their property in the marketplace.

During his career, Justin has supported acquisition and directed development of over 2,000 units while Development Director and was the central figure in the underwriting and acquisition of thousands of multifamily and single-family units while Senior Analyst and the underwriter for major investment management firms and their institutional partners such as Blackstone, LACERA, LACERS, and PGIM.  In 2020, one of Justin’s projects (Broadstone Arden) was honored with the Pillars of the Industry award for “Best Apartment Community (Under 5 stories)” by the National Association of Home Builders.

Bryant
Brislin
Vice President
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12
years with Hoffman Company
DRE Lic. #
01877964

Mr. Brislin joined The Hoffman Company in the fall of 2009, and as of winter 2023 has closed in excess of $450,000,000 worth of development deals. Prior to his start at The Hoffman Company, he was a Title Officer (T.O.)/Asst. VP at Fidelity National Title Insurance Company for seven years where he was the lead subdivision T.O. for the major homebuilder accounts, including SunCal Cos. who at that time was the largest master developer in the western region of the United States. Bryant also worked as a commercial title officer on various asset classes, such as office, hospitality, industrial and retail properties. In March of 2012, Mr. Brislin was awarded the prestigious Larry Webb Leadership Award by the Urban Land Institute (ULI) of Orange County/Inland Empire. He currently serves as the assistant vice chair of the Housing product council for the ULI. Bryant has worked to become an expert on both the urban infill markets of Los Angeles, as well as the residential suburbs of the Inland Empire, Ventura County and Southern California in general.