PPC Forest Towers LLC made a $22.1MM equity investment in this wholly owned acquisition.

		Opportunity to acquire one of the premier addresses and apartment communities on the Peninsula.
		The strategy is to capture $305 per unit (inclusive of RUBS) of incremental rent by addressing deferred maintenance and installing professional management.

		The opportunity is being advanced on a Core plus basis and affords Pacific the opportunity to acquire a non-rent-controlled asset in one of the strongest submarkets in Santa Clara County with material rent upside available on an Economic basis alone.
		The successful execution of an aggressive management plan and repositioning strategy will allow Pacific to take advantage of the Property’s excellent location and amenity package.
		The limited number of deliverable assets in the extremely high-barrier to entry Palo Alto market, coupled with the substantial upside in rents anticipated through the capture of Economic Rents presents a desirable investment opportunity