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Palisades at Sierra Del Oro brings an amenity-rich community to Corona, redefining apartment living and fulfilling a high demand

CORONA, Calif. (March 30, 2015) – MBK Rental Living announced today the grand opening of Palisades at Sierra Del Oro, a collection of 288 for-lease luxury apartments in Corona, Calif. Centrally located in Riverside County at 2300 Palisades Drive, this gated community offers a collection of resort-inspired amenities that appeal to a demographic looking for a sophisticated lifestyle outside of the typical urban centers. With very little new apartments available in the area, Palisades at Sierra Del Oro fulfills a high demand for quality rental housing. Leasing is currently underway, with one model residence available for touring daily.

“It has been a long time since Corona has seen new construction for apartments and there is pent up demand for this type of high-quality community in the area,” said Rick Fletcher, Vice President, Sales and Marketing for MBK. “Given our experience in the new, for-sale home market, we are in a unique position to create a high-end product tailored to fit its surroundings and its renters. This community raises the housing bar in Corona and is appealing to a strong demographic of young professionals and families who are drawn to the convenience of rental living in Southern California.”

Redefining what rental housing means for Corona, residences at Palisades at Sierra Del Oro are complete with for-sale quality finishes and amenities including expansive 9-foot ceilings and open concept living areas. The community features six floor plan choices including one-, two- and three-bedroom options with one- and two-bathrooms, ranging in size from 842 to 1,410 square feet. Homes include personal balconies or patios, air conditioning, accent color walls, paneled doors, full-size washers and dryers, upgraded wood-style flooring and flat panel TV connects in living rooms. Kitchens include complete stainless steel appliance packages, granite countertops, modern shaker-style cabinetry and USB charging ports.

Palisades at Sierra Del Oro boasts Spanish Revival style architecture by Orange-based Architects Orange, with lush landscaped grounds by Costa Mesa-based Sitescapes, Inc. A variety of community amenities include a resort-inspired pool and spa, community gathering areas and barbeques, outdoor lounge with fireplace, a state-of-the-art fitness center and a tot lot and playground for children and families. Additional amenities include a conference room, clubhouse with television and full kitchen, Wi-Fi access in common areas, and a convenient package delivery system. Private garage spaces or assigned covered parking are available for each unit. Palisades at Sierra del Oro is also a pet-friendly, controlled access community with professional on-site management by Alliance Property Management.

The city of Corona is home to the Corona-Norco Unified School District, which is also the largest employer in Corona. The area also includes other prominent employers such as Corona Regional Medical Center, Kaiser Permanente, Fender, and Watson Pharmaceuticals. Palisades at Sierra del Oro provides excellent access to California State Route 91 and Interstate 15 to reach a variety of Southern California destinations throughout Orange County and Los Angeles, and is located only one freeway exit away from Orange County. Residents at Palisades at Sierra del Oro are situated close to the high-ranking Prado View Elementary School.

Rental rates range from approximately $1,525 – $2,375 per month, and occupancy began in March 2015. For more information about the community please visit www.palisadesapartmenthomes.com.

Palisades at Sierra Del Oro is the second project for MBK Rental Living, a division of veteran builder MBK Homes, which debuted in 2014 with Ocean Air, a high-end, for-lease townhome community in Torrey Hills, Calif.

About MBK Rental Living

MBK Rental Living is the new division of MBK Homes, which is active in the development of rental and for‐sale single‐ and multi‐family housing communities, apartment property acquisition, and distressed asset renovation. Through its various housing solutions, MBK Homes’ mission is to provide top quality shelter to residents in California. Throughout its nearly 20 years, MBK Homes has earned a reputation for delivering award winning customer satisfaction in housing that is innovative in design, comfort, sustainability and craftsmanship, all at an excellent value.

MBK Homes is a division of MBK Real Estate Ltd., the U.S. real estate development arm of Mitsui & Co., Ltd., one of the world’s largest corporations. MBK Real Estate’s companies span a wide spectrum of real estate development, including homebuilding, retail and senior housing divisions.

MBK Homes is headquartered in Irvine, California. Corporate offices are located at 4 Park Plaza Suite 1000, Irvine, CA 92614; phone (949) 789‐8300; fax (949) 789‐9300; or visit the website at www.mbkhomes.com.