Executive Summary

Dutra-Cerro-Graden ("DCG") is working in partnership with HFS to represent the Sisters of the Holy Family (the "Sisters"), and is pleased to provide this opportunity for Interested Parties to submit proposals to develop a multi-level senior living community on the Property more commonly known as Palmdale (the "Property"). The Property consists of approximately 14.82 acres of total land area located on the west side of Mission Boulevard between Washington Boulevard and Starr Street in Fremont, CA. Mission Creek flows through the site in an improved concrete channel.

The Property is currently used by the Sisters of the Holy Family for the purposes of their ministry, and includes office and residential facilities. The site is identified as a Historic Resource referred to as Palmdale, and, in addition to the approximate 75,000 SF Motherhouse, contains at least two major historic residences referred to as the Best House and the Starr House – all situated in a park-like setting. The Best House is leased to a company that utilizes the home and portions of the grounds for weddings and special receptions.

The Property has a General Plan designation of Residential, Medium 6.5 - 10 units per acre, primary historic resource with a Conference Center Overlay. The Zoning is Planned District with a Historic Overlay District.

The Sisters commitment to the Earth Charter and social justice make them resolute in their desire to preserve the land, vegetation, historic buildings and shrines/grottos in as close as possible to their current serene state. This is especially true of the approximate six (6) acre core area (the "Core Area") of the Property, which is dominated by landscape and historic resources.

Extensive studies have been conducted on the property including Landscape Maintenance costs & Arborist Report.