1. contact
Info@openpathinvestments.com
Total Return Income Yield
Barclays Aggregate
Bond Index
S&P 500Open Path
Sources: Standard & Poor’s, Barclays Capital
Comparative Income Returns, 2005-2015
Incom
e Yield as an
8%
preferred return
Incom
e Yield in
the
form
of dividends
18%
15%
12%
9%
6%
3%
IMPACT INVESTING IN MULTI-FAMILY REAL ESTATE
OpenPath is leading a movement to transform apartment complexes into
thriving, healthy communities, by making positive social and environmental
impact just as important as financial returns. Our current apartment complex
investments are valued at more than $260 million, and we target 14-16%
returns for our investors. We’re equally proud of the social and environmental
returns our investments yield for our residents and their communities.
OpenPath, with its impact program UrbanVillageTM
, invests in the social
capital and economic outlook of our residents through community
engagement activities, leadership development opportunities, improved
physical spaces, eco-responsibility initiatives and shared consumption
platforms that reduce the cost of living.
KEY FACTS FOR IMPACT INVESTING
Private, Family Office,
Self-Directed IRA’s &
Institutional investors,
with minimum
$100,000 placement
Usually 3-5 years
(up to 10)
Major & surrounding
metro Western US
Depreciation helps
offset taxable income
on distributions: upon
sale of assets, capital
gains can be deferred
via 1031 exchange into
new investments
8% preferred annual
return, plus 70% of
capital gains after return
of original equity
$10- $50M
1.5% of acquisition
value, $250/ unit
annual asset
management fee of
apartments under
management
Operations data
updated quarterly in
investor web portal
Investor
profile
Term
Geography
Tax
advantage
Limited
partner
return
Deal size
Fees
Reporting
1
18% +
8.00%
5.87%
1.92%
6.96%
4.44%
Ecological Stewardship
Leadership/Education
300 tons of waste diverted
from landfills
Each resident has at least 36
opportunities each year to
develop leadership skills and
participate in educational
and social events.
300 TONS
36x
Social Capital
$2 million in improved economic
outlook and household income
$
2 MILLION

2. contact
Info@openpathinvestments.com
PERFORMANCE
Financial: Current and Recent Assets
OpenPath has been actively investing in multifamily acquisitions for more than a decade and has traded in
and out of over 3500 apartment units, with a total acquisition value exceeding $315 million and a historical
IRR of 15-18%+. Current portfolio holdings are valued at $260 million.
OpenPath Investments
2
Market
Richmond, WA
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
Provo, UT
Sandy, UT
Taylorsville, UT
Holladay, UT
Phoenix, AZ
Lewisville, TX
Layton, UT
Plano, TX
Phoenix, AZ
Phoenix, AZ
Portland, OR
Portland, OR
Colorado Springs, CO
Phoenix, AZ
Units
250
60
80
172
115
104
80
83
124
348
144
548
118
269
130
135
220
160
Sale price
$14.5 M
$4.3 M
$4.5 M
$14.5 M*
$10.0 M
$8.0 M
$10.5 M*
$7.0 M*
$11.0 M*
$22.0 M
$14.5 M*
$90.0 M*
$6.2 M*
$20.1 M*
$19.7 M*
$17.0 M*
$33.0 M*
$10.0 M*
IRR
18%
+50%
+50%
~18%
~20%
17%
~15%
~18%
~18%
~20%
~18%
~15%
~15%
~16%
~19%
~20%
~16%
~18%
Purchase
Date
2002
2006
2007
2008
2009
2009
2009
2008
2011
2012
2013
2013
2014
2014
2014
2014
2015
2015
Purchase
Price
$12.0 M
$2.5 M
$3.2 M
$11.0 M
$6.0 M
$6.8 M
$8.8 M
$4.9 M
$7.0 M
$18.0 M
$13.4 M
$70.0 M
$3.9 M
$17.1 M
$16.0 M
$13.0 M
$25.0 M
$8.5 M
Equity
Multiple
2.3x
2.1x
2.1x
2.0x
2.2x
1.8x
1.5x
2.12x
2.5x
1.7x
1.3x
1.7x
1.4x
1.4x
2.2x
1.7x
2.1x
2.1x
* Current Value
**Under Contract

3. Long-Term Vision
OpenPath has proven that a traditional asset class, particularly one that serves millions of people, can be
the best venue for true impact investing. We’ve merged our expertise as real estate investment managers
with our passion for the individuals and families who make our properties their home. Our strategy in the
coming three years is to continue to generate above-market investment returns and measurable
community impact by investing another $100 million (with leveraged asset value of $400 million) that will
scale our vision to several new multi-dwelling communities in major metro areas around the U.S.
Ideal Acquisition Profile
OpenPath Investments
3
contact
Info@openpathinvestments.com
• Metro areas with high desirability index
(supply-constrained markets)
• Opportunity to improve physical environment
and amenities
• Under-performing property, in terms of
occupancy and rent levels
• Potential for a village-like community
(>100 units)
• Residents interested in increased
responsiveness from management
• Pent up demand from residents for more social
and/or community offerings
Investor Feedback
“My family trust has invested in 5 separate properties with OpenPath in 3 different markets. I’ve also
introduced OpenPath to several additional investors, which is not something I would consider unless I
had absolute faith and trust in OpenPath’s integrity and ability to perform. But the real story here is
OpenPath’s forward-thinking community program called UrbanVillage! Not only is the Trust earning
very favorable returns, but I get to feel really good about the social/environmental impact in which
my capital is making.”
- George C., Trustee, C. Family Trust – Napa, CA

4. OpenPath Investments
4
contact
Info@openpathinvestments.com
Investment Team
Peter Slaugh, Managing Director
Peter Slaugh is the Founder and Managing Member of OpenPath Investments, formerly Su Casa Invest-
ments, LLC.Afterhisinitialcareerinresidentialrealestatestartingbackin1991,Petermovedintocommercial
realestateinthecapitalmarketsarenawithGMACCMin1997fundinginexcessof$1billionindebt&equity
productsforhisclients.Quickly,Peterrecognizedthevalueofinvestinginmultifamilyinvestmentsalongsidehis
clientsstartingin1999.
Peter formed Su Casa Investments in 2005 to acquire value-add apartment communities in the Western
States. Peter has owned either as a GP or a limited partner over 3500 units (dating back to 1999) in various
markets ranging from San Antonio, TX, Las Vegas, NV, Richland, WA, to Santa Rosa, CA, and now owns and
operates a portfolio of assets in AZ, CO, OR, TX & UT comprised of over 2200 units and growing.
Recognizing the value in a “whole property stewardship” approach to the business, Peter evolved his
platform to include “community building” and “greening” of resident lifestyles through the Urban Village
program. The OpenPath platform is the latest evolution of this approach and really embraces the notion
that “doing good” is also “good for business” and now measures success not only economically, but also
socially & environmentally.
(415) 454-8002 peter@openpathinvestments.com
Gino Dante Borges, Ph.D., Director of Impact
Combining his interest in the areas of both quality of life and finance, Gino’s expertise is helping
mission–driven businesses and asset managers implement investment practices that account for the
welfare of people, natural systems, and stakeholders, thus achieving full potential for positive impact.
Over the past 10 years, Gino has managed commercial real estate and farm properties in California and
Nevada and continues to oversee his family’s ranch in Northern Nevada. Gino earned his Ph.D. in
Communication Studies from Purdue University.
(775) 351-9439 gino@openpathinvestments.com
David Scacco, Partner
David Scacco has 20+ years of experience as an operator, investor and advisor. Scacco started his career in
the field of advertising and marketing in his hometown of Chicago. Shortly after moving to the California
Bay Area Scacco joined Google in early 2000 and holds the distinction as the company's first advertising
sales executive. During his 7 years at Google, Scacco established and led a strategic sales/business develop-
ment team and contributed to the overall growth of the company. More recently Scacco has held sales
leadership positions for a number of tech startups and serves as an angel investor and advisor.
Scacco strongly shares OpenPath’s belief that the best businesses create significant benefits for all parties
involved (in this case investors, residents, and the environment). Scacco has personally invested with
OpenPath since 2008.
(650)804-1819 david@openpathinvestments.com

5. OpenPath Investments
5
contact
Info@openpathinvestments.com
Investment Team (continued)
Sara Mossman, Urban Village Program Director
Sara’s first home was a small, indigenous village in the South Pacific where she learned to live in strong
kinship with her community and the surrounding ecology.
Sara’s start in life naturally led her to a career in horticulture and ecological design, focusing on
environmental sustainability. Over the past 15–years, she has educated audiences ranging from multi–
national corporations to school children on the importance of adopting an eco–friendly lifestyle and she
has created regenerative environments for individuals and businesses interested in maximizing poten-
tial and minimizing environmental impact.
As Program Director of the Urban Village program, Sara provides aesthetic and lifestyle design concepts
that support OpenPath’s triple bottom line investment strategy. On a daily basis, she thrives on getting to
know apartment residents and supporting them with tools, inspiration and ideas to enrich their
community life—from community gardens, to skill–sharing and leadership development.
Jay St. Claire, Director of Property Development
Jay has extensive experience in property development, construction management, sustainability best
practices and direct sourcing. Jay’s vision and creativity supports the OpenPath philosophy, he has been
a career property developer and product innovator for over 20 years. His diverse skills and experience
include: quality control, developing and managing budgets, luxury brand retail store design and
development, product design and direct sourcing for high end retailers, residential property
development and design, and managing all aspects of large construction development programs.
Desiree Storch, Director of Operations
Desiree has long held a personal commitment to creating a world where people live together in dignity,
respect, understanding and trust. Her vision aligns well with OpenPath’s philosophy, and she has almost
three decades of administrative, operations and accounting experience from a broad range of industries
including: construction and engineering, real estate, property management, financial services, banking
and non-profits. As Director of Operations, Desiree is tasked with overseeing all internal accounting,
project management, investor interface and maintaining best practices business systems for the firm.