2019 NEW CITIES INVESTMENT PARTNERS, LLC

MULTIFAMILY

Almaden Lake Village Apartments, San Jose CA

Almaden Lake Village Apartments located in San Jose, CA, is a 250 unit mixed income, luxury, podium-style apartment built on land leased from the Santa Clara Valley Transit Authority pursuant to a long-term subordinated land lease. Financing, in addition to the subordinated land lease, for this public-private partnership development consisted of Multifamily Revenue Bonds issued by the City of San Jose, California Finance District Bonds, 4% Federal Tax Credits, and Developer Equity. Almaden Lake Village Apartments remains one of the premier transit oriented apartment communities in the City of San Jose consistently commanding top-of-the market rents with little vacancy.

Ivy Hill Apartments, Walnut Creek CA

Ivy Hill Apartments located in downtown Walnut Creek, CA, is a 116 unit mixed income, luxury, four-story podium style apartment built on 1.1 acres of land. Financing for this public-private partnership development consisted of Multifamily Revenue Bonds, California Finance District Bonds, 4% Federal Tax Credits, City of Walnut Creek Development Subsidy Funds, City of Walnut Creek Eminent Domain, Developer Construction of the Adjacent City Park, and Developer Equity. Ivy Hill Apartments continues to be one of the premier apartment communities in the City of Walnut Creek consistently commanding top-of-the market rents, and is an example of downtown redevelopment in its finest form.

Plaza Club Apartments, Salinas CA

Plaza Club Apartments, located in the Harden Ranch Planned Community in Salinas, CA, is a 208 unit mixed income, luxury, two-story garden apartment. Financing for this development consisted of Multifamily Revenue Bonds, California Finance District Bonds, 4% Federal Tax Credits, Harden Ranch Planned Community Finance District Bonds, and Developer Equity. Plaza Club Apartments, selected in 2015, 2016, and 2017 by the Salinas Californian newspaper as the best apartment in Salinas, CA, consistently commands top of the market rents with little vacancy.