5385 Clairemont Mesa Blvd, San Diego, CA 92117

• Acquired a mid-century asset in the Clairemont neighborhood of San Diego
• Strong rent fundamentals and favorable demographics supporting workforce housing
• Located in a high-barrier-to-entry market
• Originally projected as a 12-month renovation and lease-up
• Completed renovation and stabilization in just 6 months (January 6, 2016)
• Achieved Year 3 rent growth projections ahead of schedule
• Refinanced in 2017, returning a significant portion of original investor capital
• Long-term hold strategy in a highly desirable market