Upcoming Events
Investec/REthink Development
Crosby Slaught, Director of Leasing & Acquisitions, Investec
Greg Reitz - Principal of REthink Development
The SBIF is grateful to have Crosby Slaught, Director of Leasing & Acquisitions of Investec, and Greg Reitz, Principal of REthink Development, join us for our September meeting.
Investec Real Estate Companies and Rethink Development are pleased to present their most recent development and adaptive reuse project at 101 W. Canon Perdido Street and 102 W. De La Guerra Street. Investec & Rethink are currently in the planning phase for 44 multi-family units and over 75,000 square feet of self-storage storage at 102 W. De La Guerra and in the permitting phase of over 28,000 square feet of additional self-storage at 101 W. Canon Perdido Street, an existing building, most commonly known as the Telephone Building. Investec & REthink are seeking to raise $8.5MM of the total $18.5MM raise, with Investec contributing the initial $10MM.
About Investec and REthink Development
Investec Real Estate Companies is an entrepreneurial real estate investment management firm founded in 1983 in Santa Barbara. Investec offers investors consolidated real estate services, handling development, finance, leasing, acquisitions and legal under one roof, all while sharing the risk in investments. Over the past 40 years Investec has handled transactions in excess of $1.5billion and has been responsible for the development of over 1,100 residential units along the Central Coast and the development and redevelopment of over 1,00,000 square feet of retail, self-storage and mixed-use projects in Central and Southern California.
REthink Development is an innovative real estate development firm focused on development of unique, sustainable buildings. REthink follows a “Contextual Development” approach in which the architectural elements, use, and surrounding resources allow the project to develop organically and produce the optimal solution for the site. REthink Development has entitled two residential projects in Santa Barbara, The Marc and 425 Garden Street, with The Marc having been fully developed in 2017 and 425 Garden Street slated for construction in Q4 2024.
https://www.investecrealestate.com/
About Greg
Greg Reitz is Principal and Co-Founder of REthink Development, a development company focused on sustainable infill development projects. REthink’s project mix includes hotel, multifamily and single family residential, mixed use, retail, and creative office properties. REthink currently has over 1000 apartment units in various stages of development in California.
Mr. Reitz has been responsible for sourcing, financing, securing City approvals and managing the construction of several ground-breaking projects including The Marc, an 89-unit on State Street in the City of Santa Barbara, its first significant apartment building in nearly 50 years. He has been a frontrunner in delivering many innovative multifamily, mixed use and creative office projects that benefit from state density bonus, modular construction, alternative transportation strategies, adaptive reuse and sustainable strategies that have earned LEED Platinum certifications.
Greg has a degree in Cybernetics from University of California Los Angeles and is a licensed Broker in the State of California.
About Crosby
Crosby Slaught is the Director of Leasing & Acquisitions at Investec Real Estate Companies, joining the team in 2017. Since joining Investec, Mr. Slaught has been responsible for securing leases with new and existing tenants, as well as growing the company’s portfolio. He has leased over 1.6 million square feet and secured over 600,000 square feet in acquisitions since joining Investec. Prior to joining Investec, he worked at Colliers International in San Francisco and Cushman & Wakefield in Los Angeles. Mr. Slaught has degrees in Political Science and Sociology from the University of California Irvine, is a licensed Broker in the State of California and CCIM Member.
September 19, 2024
12:00 PM
Location
Kiva Cowork
1221 Chapala
Santa Barbara, CA 93101
Past Events
Advisory Research Investment Management
Matthew K. Swaim, CFA - Portfolio Manager, Managing Director, Executive Chairman
Chris D. Crawshaw, CFA - Managing Director
The SBIF is delighted to have Matthew Swaim and Chris Crawshaw of Advisory Research Investment Management join us for our May meeting to discuss Small Cap Investing.
About Advisory Research Investment Management
Advisory Research Investment Management is a Chicago-based independent boutique asset manager. Their actively-managed strategies include U.S. value, growth and global equity. They offer separate account management as well as private funds to institutional and intermediary investors.
https://www.advisoryresearch.com/
About Matthew
With 24 years of investment experience, Matthew serves as Portfolio Manager, Managing Director, and Executive Chairman of the Advisory Research Partner Group. Prior to joining the firm in 2005, Matthew worked in the assurance and business advisory group at PricewaterhouseCoopers LLP. Matthew holds a BS in accounting and business administration from the University of Kansas and an MBA from the Kelley School of Business at Indiana University. Matthew is a Chartered Financial Analyst (CFA) charterholder and has passed the Uniform CPA examination.
About Chris
With 35 years of investment experience, Chris serves as Managing Director. Chris re-joined ARI in 2024. He previously served as President and Chief Executive Officer for Advisory Research. Chris is currently a member of the Executive Advisory Board of Collins College of Business at the University of Tulsa and serves on the Board of Governors of Boys Hope Girls Hope of Chicago. Chris holds a B.A. in finance from the University of Tulsa and an M.B.A in finance from DePaul University, Chris is a Chartered Financial Analyst (CFA) charterholder.
May 16, 2024
12:00 PM
Location
Kiva Cowork
1221 Chapala
Santa Barbara, CA 93101
Amet Partners, LP
Todd Dawes - President & Partner
Kelly Smith - Marketing Director & Partner
The SBIF is pleased to have Todd Dawes, President, and Kelly Smith, Founding Partner, of Amet Partners discuss the investment opportunity in the regulated market for California Carbon Allowances. They’ll discuss what it is and how it is different from carbon credits, and why the market is designed to encourage the price of carbon in California to go higher.
About Amet Partners, LP
California has explicitly designed its emissions compliance program to push the price of carbon, or carbon allowances (CCAs), higher, providing an incentive for industry to reduce emissions with a legally binding mandate to reduce emissions below 1990 by the year 2030. The program imposes a compliance obligation on companies that emit more than 25,000 metric tons of covered CO2e (carbon dioxide equivalent) per year, and requires that these companies participate in quarterly auctions for CCAs.
Amet Partners is a California Limited Partnership set up to provide an opportunity for the clients of its affiliated Multi-Family Office, Certis Capital Management Inc., and Registered Investment Advisory firm, Merus Advisors, LLC, to invest in California Carbon Allowances. We filed for a license to participate in the CCA market in 2021, and in 2022 launched Amet Partners and began buying CCAs on behalf of investors directly from the State of California.
About Todd
Todd is the President and Co-Founder of Amet Partners. He has been the Portfolio Director at Certis Capital since 2014. At Certis, Todd leads the investment committee which oversees the implementation of the firm’s due diligence process as well as the sourcing and monitoring of investments. Prior to Certis, Todd was a Senior Partner at Persimmon Capital Management, a multi-family office. While at Persimmon, Todd headed the firm’s investment committee and was a Co-Portfolio Manager for their fund of funds investment products and separate account platform. Before joining Persimmon, Todd was Director of Research at Advisorport, Inc., a Turnkey Asset Management Provider serving the RIA industry. Todd holds a Bachelor of Science in Finance from Wayne State University, and an MBA in Finance from the University of Notre Dame Mendoza School of Business.
About Kelly
Kelly is a Co-Founder of Amet Partners. He has been the Managing Principal of Certis Capital, a Family Office, since he founded it in 2005. Prior to starting Certis, Kelly was a Portfolio Manager at Pacificor, a top-percentile performing hedge fund focused on distressed securities. Previously, Kelly was a Vice President with Credit Suisse, where he led one of the Private Client teams. Prior to Credit Suisse, Kelly was an Associate in the Private Client Services division at Lehman Brothers. Before earning his Master's degree, he worked for private equity firm Levine Leichtman Capital Partners. Kelly holds a degree in Economics and East Asian Studies from UCLA, as well as an MBA in Finance from the Anderson School at UCLA.
March 21st, 2024
12:00 PM
Location
Kiva Cowork
1221 Chapala
Santa Barbara, CA 93101
Allen & Kimbell, LLP
David Graff - Estate Planning Attorney & Partner
We are pleased to have David Graff, estate planning attorney at Allen & Kimbell, LLP , join us this month. As an Estate Planning Attorney. David advises individual clients and families planning the transfer of their wealth from one generation to the next, to provide for friends and loved ones, or to accomplish philanthropic goals. He will be providing some timely insights on estate and gift tax laws, including current law, proposed legislative changes, and related estate planning strategies.
We hope that you can attend!
About David
In his estate planning representation, David works to determine and frame his clients’ goals and then plan, structure, and draft estate planning documents to achieve those goals. That representation is not just the creation of an estate plan, but an overall strategy including estate, gift, income, and property tax analysis, with consideration of insurance and retirement plans, business planning, and coordination with other professionals.
In addition to planning, David has represented dozens of trustees and executors, advising them on all aspects of trust administrations and probates. David has years of experience in navigating his clients through these issues and making sure they are protected along the way.
David also advises clients in tax planning for both personal and business transactions. He represents clients in tax controversies such as gift and estate tax audits and real property tax matters with local County Assessors. David is able to work with clients in the formation and operation of business entities, including non-profit foundations, charities, and charitable trusts.
Mr. Graff has a B.A. from the University of Pennsylvania. An L.L.M. from NYU and a J.D. from UC Davis School of Law.
February 15th, 2024
12:00 PM
Location
Villa Wine Bar & Kitchen
618 Anacapa St
Santa Barbara, CA 93101
Procore
Steve Zahm, President - Chief Culture Officer
Steve Zahm, President - Chief Culture Officer of Procore, will be will be providing an overview of Procore's business model, current operations and plans for growth. He will also touch on the importance of culture to Procore's success.
We hope you can join us for this open discussion.
About Steve
Steve Zahm has served as our President-Chief Culture Officer since November 2019. He is focused on scaling a positive corporate culture as a sustainable competitive advantage for achieving superior business results. From April 2004 to November 2019, he served as our Chief Operating Officer. Prior to joining Procore in 2004, Mr. Zahm co-founded DigitalThink, one of the first significant cloud-based software companies in the corporate learning industry. Mr. Zahm holds a B.A. from Stanford University and an MBA from the Haas School of Business at UC Berkeley.
About Procore
Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office. The company also provides workforce management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company allow users to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California.
https://www.procore.com/
October 19th, 2023
12:00 PM
Location
Kiva Cowork
1221 Chapala Street
Santa Barbara, CA 93101
June 1, 2023
12:00 PM
Location
Kiva Cowork
1221 Chapala Street
Santa Barbara, CA 93101
American Riviera Bank
Jeff DeVine, President & CEO
The Santa Barbara Investment Forum is grateful to have Jeff DeVine, President & CEO of American Riviera Bank, who has agreed to spend some time with us for an open discussion about the recent banking crisis from a high-level. Specifically, Jeff will focus on:
Distinction between Regional and Community Banks
Value to all of us from our diverse Community banking system
Conditions that led to the crisis
Purpose of bank bond portfolios
Confusion over "Uninsured Deposits"
Mechanisms to increase FDIC insurance for depositors
Difference between FDIC Deposit Insurance Fund and a Bailout/TARP
Fed and FDIC policy decisions to date and implications
Please note: American Riviera Bancorp (OTCQX:ARBV) is publicly traded and Jeff will be unable to comment directly on ARBC intra-quarter, but will instead focus on the industry as a whole and hopefully generate some healthy discussion and great understanding among the group.
About Jeff
Jeff has been President & CEO of American Riviera Bank since 2008 and now also serves as President & CEO of its holding company, American Riviera Bancorp, since its formation in 2008. Under his leadership, the Bank has grown from one branch in Santa Barbara and less than $100 million of assets to six branches on the Central Coast of California with $1.3 billion in assets. Jeff has over 30 years of experience in retail, commercial, and investment banking. Prior to American Riviera Bank, Jeff led the Commercial Real Estate division of Rabobank and was a Regional President at Mid-State Bank & Trust prior to that. Jeff is a graduate of UC San Diego where he earned a BS in Quantitative Economics and later graduated with honors from the Pacific Coast Banking School at the University of Washington.
About American Riviera Bank
American Riviera Bancorp (OTCQX:ARBV) is a registered bank holding company headquartered in Santa Barbara, California. American Riviera Bank, the 100% owned subsidiary of American Riviera Bancorp, is a full-service community bank focused on serving the lending and deposit needs of businesses and consumers on the Central Coast of California. The state-chartered bank opened for business on July 18, 2006 with the support of local shareholders. Full-service branches are located in Santa Barbra, Montecito, Goleta, San Luis Obispo, Santa Maria, & Paso Robles. The Bank provides commercial business, commercial real estate, residential mortgage, construction, and Small Business Administration lending services, as well as the convenient online and mobile technology. For thirteen consecutive years, the Bank has been recognized for strong financial performance by the Findley Reports and has received the highest “Super Premier” rating from Findley every year since 2016. The Bank was rated “Outstanding” by the Federal Deposit Insurance Corporation in 2020 for its performance under the Community Reinvestment Act.
March 16, 2023
12:00 PM
Location
Kiva Cowork
1221 Chapala Street
Santa Barbara, CA 93101
Speedchain
Daniel Cage, CEO
About the Speaker
Daniel Cage has been a leader in the fintech industry for over fifteen years. He is the founder and CEO of Speedchain, a fintech platform that empowers finance teams to achieve more by leveraging an innovative technology platform. Over the past fifteen years, Daniel has focused on building financial technology for both the consumer and commercial sectors. His companies have helped millions of purchasers and businesses diversify and expand their payments and product options through advanced products. Daniel has a proven track record of building enterprise value through new products, key partnerships, durable business models, and intellectual property portfolios.
Daniel currently serves on the State of Florida’s Cybersecurity Advisory Council, as well as the American Transaction Processing Coalition’s (ATPC) Cybersecurity Board. A native Californian and graduate of the University of Southern California, Cage lives in Atlanta with his wife and two kids.
About Speedchain
Speechain is a high growth fintech focused on B2B payments innovation in the midst of a $5 Million capital raise. The platform launched in April 2021 and will process over $2 Billion on the platform by April of 2023. The company is currently contracted and distributing payments for the states of California., Texas, and Florida, as well as large mid-market companies in the private sector. Speedchain has strategic partnerships with Mastercard, Global Payments, AWS, and Polygon.
The company is bolstered by an experienced management team, with extensive experience in high growth payments, global big data platforms, AI, blockchain engineering, and private & public sector operations and delivery.
https://www.speedchain.com/
November 17, 2022
12:00 PM
Location
Kiva Cowork
1221 Chapala Street
Santa Barbara, CA 93101
Live Data Technologies
Brent Peus, COO, CFO
J. Scott Hamilton, CEO
About Live Data Technologies
Live Data has developed technology that monitors the job changes of ~100M US B2B professionals on a continuous basis. The initial market focus has been on fixing bad CRM data that results from job changes. The company has over 50 brand name customers in less than 2 years of commercialization. Currently in development are derivative applications that directly relate job changes to a company’s financial performance.
https://www.livedatatechnologies.com/
October 20, 2022
12:00 PM
Location
Kiva Cowork
1221 Chapala Street
Santa Barbara, CA 93101
Flume
Ric Miles, CEO
Eric Adler, CSO, Founder
James Fazio, Chief Technology Officer, Founder
We are grateful that Members of Flume’s executive management team have agreed to join us short notice for a conversation and update on Flume’s progress. Flume is approaching 100,00 devices being deployed in the marketplace to date. Flume recently announced a deal with the Los Angeles Department of Water and Power (LADWP) for a $15 million direct Flume subsidy, with the goal of deploying 150k sensors across Los Angeles!
About Flume
Inspired by California’s record drought, Flume began with three college students who wanted to empower homeowners to better see and conserve water. By providing homeowners with access to real-time water use information, Flume helps customers save water, save money and protect their home. The Flume® Smart Water System consists of an easy-to-install sensor that adapts to most existing water meters, a bridge, and an app to communicate water use to the homeowner in real-time. Flume is headquartered in San Luis Obispo, California.
Flume Data Labs uses real-time data monitoring to collect and understand how residential water is used. We provide this crucial data to water providers, insurance providers, brands, state, and regional planning agencies.
September 15, 2022
12:00 PM
Location
Kiva Cowork
1221 Chapala Street
Santa Barbara, CA 93101
Radius Commercial Real Estate
Speakers: Austin Herlihy and Chris Parker
Austin and Chris will be providing an update on the various real estate markets on the central coast and discussing more detail by asset class.
We hope that this will be a lively and interactive discussion.
About the Speakers
Austin Herlihy joined Radius in 2005. His consistency, reputation and top-performer status over the years earned him the distinction of Executive Vice President in 2017.
Austin has been one of the most productive commercial real estate agents in the region, completing over a billion dollars in total transaction value. He was the lead on the sale of the Fairmont Orchid Hotel, listed for $150 million. He also spearheaded the high profile sale of the Hotel Californian/Entrada de Santa Barbara project, which changed the landscape of lower State Street and added further definition to the Funk Zone.
Over the last ten years, Austin has become the most productive broker for high-profile properties along State Street and Coast Village Road. His highlight transactions include 25 E. Mason St. (SONOS R&D building) $19 million; “Sevilla” (Formerly “Chapala One”) $30.5 million; Miramar Hotel – First Trust Deed $50 million; 740 State St. (Pinkberry & Lululemon building) $11 million; REI Center, $24 million; 900 State St. (Marshalls building) $15 million; 1001 State St. (Amazon building) $37 million; 71 S. Los Carneros, 105,000 SF Industrial building, $28 million.
Prior to Radius, Austin served as a project manager/professional sailor for some of the most successful professional sailing teams and businessmen in the world. In 2011, Austin won the Farr 30 World Championship aboard the Groovederci. He remains active in the Santa Barbara community and completed the Santa Barbara Foundation’s Katherine Harvey Fellowship program which teaches young professionals about the nonprofit community and the grant-making and fundraising processes. In addition, Austin is currently on the Board of Directors at the Santa Barbara Yacht Club and an active member of Birnam Wood Country Club.
Austin has called Santa Barbara home for the past twenty-five years and he and his wife Maggie are the proud parents of six children.
Chris Parker is a licensed California commercial real estate broker, joining Radius in 2010. Since that time he has played an integral role in finalizing 346 transactions comprising 110 sales and 246 leases and totaling over $830 million in volume, including some of the market’s most notable transactions such as the high profile sales of the Entrada de Santa Barbara Hotel Project; the 30 unit mixed use project Casa Anatega; 101 Garden St. which is 4.5 acre parcel in the Funk Zone; the REI multi-tenant complex located at 318 State St.; the recently renovated El Prado Hotel; and the Sevilla condo project located at 401 Chapala St.
Prior to commercial brokerage, Chris served as a project superintendent for a prominent local construction company, Young Construction, where he acquired a vast understanding of building, construction and development, allowing him to approach this industry with a unique mindset, finding creative ways to see value in deals for clients.
As a third generation Santa Barbara native, Chris is keen on the importance of community involvement. He is currently vice president of the Hutton Parker Foundation, performing financial feasibility studies and real estate consulting; a board member of the Santa Barbara Bowl, chairing the Bowl’s facility committee; and a real estate subcommittee member of the Trust for Historic Preservation.
With a BA in Real Estate Construction Management and an MBA with emphasis in Finance from the University of Denver, Chris brings a uniquely analytical approach to real estate brokerage, which has helped him to excel in the Santa Barbara Market. Additionally, Chris is a recent graduate of the Santa Barbara Foundation’s Katherine Harvey Fellows leadership development program designed to serve the community and area nonprofit agencies.
April 27, 2022
1:00 PM
Location
La Cumbre Country Club
4015 Via Laguna
Santa Barbara, CA 93110
Launchpoint Electric Propulsion Solutions, Inc.
Speaker: Rob Reali
About the Speaker
Rob Reali is an experienced executive and entrepreneur for emerging technology companies. Reali specializes in early-stage companies and possesses a track record of working hands-on with innovators/founders to fund opportunities and growth bringing novel technology products to market. He is currently CEO of LaunchPoint Electric Propulsion Solutions, an early-stage company that designs and manufactures high specific power motor and controller solutions for the surging aerospace and advanced air mobility markets. Prior to LaunchPoint, he was a co-founder of TrueVision Systems and its COO through a decade of growth to a successful exit as well as a co-founder True Digital Surgery, a spin-out company from the sale of TrueVision. Prior to TrueVision, Reali was an investor and business development executive for Advanced Propulsion Technologies (APT) where his contributions led to an exclusive IP license opportunity with Bill Gates and Vinod Kholsa to create and fund a new company based on APT patents. While a computer science student at the University of California, Santa Barbara he co-founded a software company and executed an IPO early on that catapulted the company to become an internet infrastructure firm for twenty years. Notably, the company created a real-time, auction-based, neutral exchange for buying and selling online advertising that was acquired by Microsoft.
About LaunchPoint Electric Propulsion Solutions, Inc.
Goleta-based LaunchPoint Electric Propulsion Solutions designs and manufactures high specific power motor and controller solutions for the aerospace, thermal management, and defense markets. The company specializes in gensets, motors, and controllers to enable efficient, reliable, lightweight hybrid-electric and full-electric propulsion plus electric actuation solutions for aircraft, which includes jets, drones, and eVTOL.