Six Peak Capital - Weekly L10
alc@sixpeakcapital.com, candresen@sixpeakcapital.com, Chris Aiello, Derek Sanders, grady@lvllc.com, rak@sixpeakcapital.com, Robert Carrega, Schuyler Dietz, Tom Taggart
Summary
What happened
- The meeting reviewed transaction updates, community engagement, and administrative items for several active projects.
- On Wilton, the team negotiated a $500,000 price concession to resolve an RSO issue and Daniel is preparing to advance the contract.
- Tom reported an active lead on a Beverly Boulevard 94-unit project; the developer has an unusually small public footprint and Tom will show Oxford and Ramsgate this week with Grady participating as available.
- Derek raised that Ramsgate refinance and permitting cannot proceed without clarity from Genesis; Chris committed to contact Genesis if no update is received.
- Schuyler reported heavy community pushback in a 1,000-person Palisades WhatsApp group regarding the Uplifters Foundation; the responses are noisy but the team has identified key stakeholders and prepared a written document integrating responses and 29 talking points.
- The team agreed to circulate the first half of that document for review and reserve the remainder for discussion on upcoming calls with Grady, Lee, and Stephen.
- Administrative items included a LaTeX closing operating manual in progress, an already-paid DWP invoice and a live U permit for Ramsgate, and a proposed Resida parking easement revision that will go to counsel and then the board after confirming access and gate concerns.
- Attendance was reduced, so the group limited the agenda and noted several follow-ups to coordinate outside the meeting.
Action Items
Follow-ups
None.
Files Referenced
Referenced documents
None.