The historic Louis B. Mayer Building at Hollywood and Western at night
Los Angeles · Since 2001

Affordable apartments, built to last.

We develop, preserve and operate LIHTC housing for families and seniors across Los Angeles.

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348Apartments delivered in 2026
523Units under construction
1,317Units in current portfolio
30 yrsLIHTC experience
Portfolio

Our communities

Explore our communities and development experience.

Unit counts describe each whole property.

▶ Watch RSV Construction

Community benefit

Apartments for the people who keep Los Angeles running.

Seniors on fixed incomes, working families and neighbors who would otherwise be priced out — living near transit, jobs and services, at rents they can afford.

1,317

Affordable apartments

Across our current portfolio of new construction, preservation and historic reuse.

871

New apartments near transit

Hollywood, Burbank and Sky Village — steps from Metro and Metrolink, reducing commute costs for residents.

30–80%

Of area median income

Rents restricted under long-term recorded affordability covenants, so the apartments stay affordable for decades.

Ribbon cutting at the LAPD gym opening
Ribbon cutting at the LAPD gym opening
Hollywood Police Support Association event
Hollywood Police Support Association event
Community art gallery night
Community art gallery night
Our strategy

Develop first. Invest at completion.

ABS arranges sponsor-led development and construction financing, then generally seeks LIHTC limited-partner equity at or near substantial completion.

Substantially reduced construction exposure

By the time an investor is admitted, the primary construction-execution phase has generally passed.

Greater underwriting visibility

The building and its final costs can be inspected. Placed-in-service and eligibility milestones, cost certification, lease-up collections and occupancy are observable rather than projected.

Reduced lease-up uncertainty

Investors see actual leasing progress before committing.

Public funding

Delivering housing before seeking public investment

ABS advances eligible projects with sponsor-arranged capital and seeks to minimize reliance on discretionary public gap subsidy during construction.

Once housing is complete or nearly complete — and can be inspected — ABS may approach public agencies about eligible funding that supports deeper affordability. Our projects continue to use public tools where available, such as tax-exempt bonds, low-income housing tax credits and land-use incentives.

Approach

Full-cycle. Long-term.

Acquisition, entitlements, financing, construction, lease-up and asset management under one sponsor team.

871

Transit-oriented new construction

REH, REB and RSV near Metro and Metrolink, financed with 4% credits and tax-exempt bonds.

321

Preservation & resyndication

Apple Tree, Cherry Tree and Imani Fe: reinvesting in proven communities to extend affordability.

95

Historic adaptive reuse

The Louis B. Mayer Building and the Bricker, restored as senior apartments in Hollywood.

Track record

Three decades of delivery

From community-scale LIHTC to historic conversions and high-rise TOD.

Partners

Our public and private partners

Public partners
  • California State Treasurer — CTCAC · CDLAC
  • CalHFA
  • County of Los Angeles
  • City of Los Angeles
  • Los Angeles Housing Department
  • City of Burbank
Equity investors
  • PNC
  • Aegon
  • AIG SunAmerica
  • Hunt
Lenders
  • Greystone
  • East West Bank
  • Deutsche Bank
  • Columbia PacificColumbia Pacific
  • Rodeo Lending
  • Lone Oak Fund
Nonprofit partners
  • The People Concern
  • Brilliant Corners
  • Kingdom Development
  • Home Again LA

Current and historic relationships. Listing does not imply a current engagement or an endorsement.

Team

Led by builders

SS

Samir Srivastava

Founder & CEO

Developing tax credit housing in Los Angeles since 1996; founded ABS in 2001. Leads strategy, development and capital.

  • Construction Developer of the Year, Imani Fe
  • Founding member & Treasurer, Hollywood Studio District NC
  • Friends of Hollywood Central Park · Levitt Pavilion MacArthur Park
  • ABS is a certified MBE
ST
Sylvie TranChief Operating Officer
NS
Neil SocquetExecutive Vice President
MM
Malini ManoharanController
OA
Orletha AndersenCompliance & Special Projects
JC
Joanna CamposField Asset Management
KB
Kimberly BarahonaAsset Management & Operations
VO
Vicente OlmedaOperations Coordinator
TP
TrilliumProperty Management Partner
Limited-partner investors

Invest at completion.

We admit limited-partner investors once a community is built and leasing. Explore the investor paths or reach out to discuss current opportunities.

Investor portal →Send us a message
Office5500 Hollywood Blvd., 4th Fl, Los Angeles 90028
Phone323 464 7853
© 2026 ABS Properties, Inc. · Certified MBEEqual Housing Opportunity
Community benefit

What the apartments mean for residents

Every ABS community is income-restricted under long-term recorded affordability covenants. Rents are set for households earning roughly 30% to 80% of area median income — in Los Angeles that means a senior living alone, a home-health aide, a line cook or a young family can live close to where they work.

Our newest buildings sit next to Metro and Metrolink stations, cutting commute time and cost. Preservation work at older communities such as Apple Tree Village reinvests in roofs, building systems and apartment interiors so long-time residents can stay.

Our strategy

Completion-stage vs. earlier-commitment equity

Typical earlier-commitment LIHTC equityABS completion-stage approach
When equity commitsOften at construction closing, before the building existsAt or near substantial completion
Construction risk carried by the investorThrough the full build, mitigated by developer completion obligations and adjustersLargely behind the project
What can be inspectedPlans, budgets and projectionsThe finished building, final costs and early leasing
Tax credits, depreciation, distributions and residualsIn both cases, governed by actual qualification, the partnership agreement and each investor's own tax position
Track record

Full development schedule

ABS development, rehabilitation & acquisition

CommunityLocationWorkUnitsPeriod

Prior development-management experience (1996–2005)

CommunityLocationProgramUnitsCompleted

Roles were development manager or Director of Development, including work with American Housing Construction, Inc. Current ownership is not implied.

Acquisition & entitlement transactions

SiteLocationRoleUnits entitledDisposition
Mango Tree Village3221 W. Temple St., LAAcquisition & entitlements120Sold 2009
5550 Hollywood Blvd.Los Angeles 90028Acquisition & entitlements220Sold 2012
Regency at Robinson316–322 Robinson St., LAAcquisition & entitlements16Sold 2015
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