CONNECT SLO Lender Site

• 78 Unit Contemporary Luxury Infill Apartment Units
• 6,800 Sq. Ft. of Flex Commercial Space
• Adjacent to the Bike Path Connected to Downtown
• Desirable East San Luis Obispo Location
• California’s Top Rated Small City
• CONNECT Website
• Amenties Include:
  • Unit
    • Quartz countertops
    • Stainless steel appliances
    • Ultra Hi-speed Internet (1G Fiberoptic)
    • Beautifully designed kitchens and bathroom
    • Vinyl plank flooring to simulate hardwood
    • In-unit washer/dryer
    • Smart Keyless Entry
  • Community:
    • On-site management + Leasing Office
    • Automated parking lifts
    • Beautifully designed lobby and communal space
    • State of the art fitness room
    • Co-working space available to tenants
    • Coffee shop/brewery
    • Bike storage

• Andrew Fuller and John Blair are the principals of Presidio Capital Partners located in Santa Barbara, CA. Between the two of them, they have acquired, built, developed, and/or rehabilitated and operated 1,000+ multifamily units.
• Sample of recent projects include:
  • Park Square at Seven Oaks in Bakersfield, CA (224 units) - Lender: Rabobank
  • Roundhouse Place in San Luis Obispo, CA (39 units) - Lender: Rabobank
  • Polo Villas in Bakersfield, CA (138 units) - Lender: Southern Life
• All properties are operated by Fuller Apartment Homes, Inc., the property development and management firm founded by Andrew Fuller in 1985

• Wallace & Smith has been chosen as the general contractor for this project. They are one of Bakersfield's largest builders and have a successful and proven track record constructing multifamily projects, among other commercial and industrial projects. They were the GC for our Park Square at Seven Oaks development, and will be building Plaza Riviera in Santa Barbara and Park West at Stockdale River Ranch in Bakersfield.
• License #: 830389
• References:
  • Sub-contractors:
    • Medford Construction | Dale Medford - 661.322.0698
    • Turman Construction | Jeff Turman - 661.322.9626
    • Sunset Mechanical | Mark Blackburn - 661.322.6072
  • Clients:
    • Bolthouse Properties, LLC | Tony Leggio - 661.323.4005 | Steve DeBranch 661.323.4005
    • Baker Hughes | Ralph Crabtree - 713.439.8612
    • Tejon Ranch | Joe Drew - 661.663.4224

December 2017: Phase I financing complete

January 16, 2018: Site purchase transaction closed

April 11, 2018: First Planning Commission Meeting Held

July 11, 2018: Project Approved by the Planning Commission at second hearing

August 6th, 2018: First Architectural Review Committee Meeting

September 17th, 2018: Second Architectural Review Committee Meeting

September 17th, 2018: Project Approved

October 2018: Project Construction Working Drawings Commenced

Current: Site remains master leased and producing income for the Partnership.

January 22, 2019: Plans Submitted for the first round of Construction Document Plan-Check to the City of San Luis Obispo

April 1, 2019: Completed first round of Plan-Check with comments for a second resubmittal

May 2019 (est): First Plan-Check Resubmittal for Construction Documents

Spring 2019: Phase II financing to commence

Summer 2019: Anticipated Commencement of Construction