Santa Maria Town Center mixed-use Opportunity Zone development

Santa Maria, CA · Mixed-use / Opportunity Zone · Holding

Santa Maria Town Center

Holding Investment status
~186 Apartments
~6K SF Commercial
OZ Opportunity Zone
In portfolio DCP

The asset

Opportunity Zone investment of two projects — The Lofts and Alvin Newton Apartments — together approximately 186 apartments and ~6K sq ft of commercial space. The Lofts: adaptive reuse, 104 loft-style apartments. Alvin Newton: new construction 6-story building, 82 market-rate units and ground-floor commercial. Currently held in the DCP portfolio.

Business plan

Lease-up and stabilize operations across adaptive-reuse and ground-up multifamily — realizing the Opportunity Zone value-add through local execution.

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