MBK Rental Living hits major leasing milestones in 2020

Artesa at Menifee Town Center, MBK Rental Living’s lifestyle apartment community in Riverside County, achieves the fastest lease-up of any community to date for the company, taking only eight months to fill nearly all 330 units. Valley News/Courtesy photo
IRVINE – MBK Rental Living, which owns Artesa at Menifee Town Center, has announced record apartment leasing in 2020, with four active new communities benefiting from regional migration trends. Navigating a changing but still strong multifamily market with a fine-tuned strategic development and investment plan, the company has achieved a stabilized portfolio averaging over 95% occupancy. “Though renters are pursuing geographically diverse and more attainable multifamily living options with new priorities, fundamentally they continue to demonstrate the overall strong need for housing in California,” Craig Jones, president of MBK Rental Living, said. “We focus on markets that cover both this new standard while continuing to provide core value. As a result, MBK’s seeing lower vac
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