Upon submerging himself within the real estate industry in 2002, Mr. Lungin has been involved in the acquisition of over $200,000,000 worth of commercial real estate. His primary emphasis has been affordable housing for the elderly.
With CCI, he has undertaken the responsibility of identifying suitable properties, underwriting them, negotiating the purchase and sale agreements, putting the properties under contract, helping to ensure a smooth and successful closing, as well as staying on in a consultant capacity to oversee the management of the aforementioned properties. With a portfolio of over 5,000 properties to date, every property that Mr. Lungin has underwritten and participated in continues to cash flow positively as projected.
It has been his personal mission to preserve and promote affordable housing and to provide added services while enhancing the tenant’s personal wellbeing as they continue to age in place. He continues to pursue this effort by serving as President of several Non-Profit entities that offer affordable housing throughout the Los Angeles area.
Mr. Lungin graduated with a Bachelor of Science degree in International Business from San Diego State University.