This development is part of a full-scale renaissance that is happening is West Sacramento that we are very excited to be involved with. West Sacramento traditionally has been known as merely a gateway to downtown Sacramento, but certainly not a destination in and of itself. This is all rapidly changing. Several massive revitalization and enhancement projects are underway with more in the planning stages, including many high volume upscale urban residential developments. We will be well positioned to capitalize on this burgeoning market.

Additionally, the property is just a short walk from the vibrant downtown Sacramento business and entertainment core that is also exploding with development.

This property was purchased by Presidio in December 2018. We obtained full entitlement in a very timely manner and started construction in September 2019. The target opening date is Q4 of 2020.