Presidio at Rancho del Oro

JLL, as the exclusive advisor, is pleased to present for sale Presidio at

Rancho Del Oro (“Presidio” or the “Property”) — a 264-unit, low-density

multi-housing opportunity located in North County San Diego with

significant embedded upside. Presidio represents a rare opportunity to

acquire a well-maintained, coastal suburban asset with proven operational

upside in Oceanside — Southern California’s premier coastal value market.

Built in 1987 and set on an expansive 37.83-acre site, Presidio redefines

1980s-era product through desirable in-unit features such as full-size

washers and dryers and central air conditioning, as well as Class A

community amenities. These include a junior Olympic swimming pool,

soccer field, tennis court, basketball court, two dog parks, children’s

playground, and a spacious resident clubhouse — positioning Presidio as a

market leader in lifestyle offerings within Oceanside. Supported by luxury

unit finishes and meticulous upkeep, the Property’s T60 renewal tradeout

rate of 7.8% underscores high resident satisfaction and durable rent

growth potential.

In addition to capturing approximately 5.2% in loss-to-lease, new

ownership can continue executing the current and proven value add

strategy, offering a demonstrated $310/month/unit premium. The

investment opportunity is further elevated by the Property’s advantageous

low density construction on over 37 acres of land, offering new ownership

significant excess land which can be utilized to maximize value through

additional amenities or residential units. Presidio delivers a compelling,

value-add investment thesis, enabling investors to capitalize on

multiple growth levers in a supply-constrained submarket poised for

outperformance at a compelling basis below current replacement costs.