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STG Plans BTR Community in Paso Robles
STG Capital Partners, an opportunistic real estate investment and development company, acquired 17 acres located at 3138 Linne Rd. in Paso Robles for $16,957,000. STG will develop 214 build-for-rent homes with completion planned for summer of 2025.
Jason Moyal and Max B. Mellman of Max Benjmain Partners secured $96,754,795 in financing for the development of the project.
Located within the Vinedo master planned community, the build-for-rent community was designed by Daniel Gehman of Danielian Associates and will feature a resort-style pool, fitness center, clubhouse and community gathering spots with fireplaces, bocce court and dog park.
“For many years, we’ve tracked the significant supply/demand imbalance of housing in the Central Coast” said Rand Sperry, STG managing partner. “We were attracted to the areas’s high barriers to entry, limited new supply with minimal pipeline, strong demographics and solid, growing economy.”
