Some of the most eminent Santa Barbara architecture includes the centuries old Hotel Virginia, El Pueblo Viejo district in historic downtown and the two pink towers of the Old Mission, which hosts retreats and festivals. Kenny Slaught has explained that the brightly colored tiles of the County Courthouse houses brilliant murals and other striking attributes, and nearby the clock tower and observation deck allow for a panoramic view of the entire city. The Lobero theatre not only houses the regions premier performing arts events but also dates back to 1873 and was rebuilt in the 1920’s by George Washington Smith. These are a few samples of the celebrated past of Santa Barbara, where, because of the founder’s advanced planning, many antique, architecturally sound buildings line the city streets.
Almost 100 years ago, celebrated architect George Washington Smith inspired the California movement, the Spanish Colonial revival. Smith dropped out of Harvard and eventually worked as a bond trader. Once Smith became a successful worker, he moved to Santa Barbara anticipating a relaxing lifestyle and hoping to work on his painting interests. However, he was taken aback when he learned that everyone loved the house he had built, prompting him to continue creating architectural gems for the city. He only used quality materials from Spain and merged new and old world styles. Today Smith’s works are desired for their simplistic beauty and complex design. He is known as a founding father in the city of Santa Barbara, as many generations of architects have followed his artistic pathway. Kenny Slaught recognizes the keen eye and attention to detail needed to create works of such artistic excellence.
New intuitive software and mobile applications, says Kenny Slaught, the owner of one of the most successful property management enterprise in Santa Barbara, are giving investors and builders more options for lending and borrowing opportunities across a variety of real estate asset classes and geographies. California’s peer-to-peer lending projects emerged with the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, significantly democratizing the ways in which sponsors can raise funds for real estate acquisitions and development. The new act allowed the previously banned practice of advertising, openly soliciting private funding from accredited individuals and firms. Individuals with a net worth of $1,000,000, excluding ownership of their personal residences, or with an annual income of $200,000 or a household with $300,000 if filed jointly with a spouse, can become an accredited investor. The amendments gave allow individual borrowers and lenders to participate in debt and equity financing, where loans generate income in the form of interest, without a sanctioned financial institution involved in the process. The online marketplace has created a new way for property owners and funders to browse investment offerings, perform due diligence, and have access to dashboards which track how assets and financial products are performing.
As technological developments revolutionize America’s real estate industry, the property management sector continues to become more efficient and profitable. Platforms offering numerous online collaborations and workflow automation are increasing in popularity, in large part due to their important ability to offer prompt access to accurate and consolidated data and information flows. Kenny Slaught, president and founder of Santa Barbara-based Investec Real Estate Companies, gives his insight into how California developers can best incorporate innovative models and cyber operations in their business strategies.
The crowdfunding or peer-to-peer lending services in California emerged after the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, which significantly expanded the ways in which sponsors raise capital for real estate acquisitions and development. The new law legalized the previously outlawed practice of advertising or openly soliciting private funding from accredited individuals and companies. Those with a net worth of $1,000,000, excluding their personal homes, or with an annual income equalling $200,000 per individual or $300,000 per household, if filed jointly with a spouse, can become an accredited investor. Kenny Slaught has noted how the amendments gave the green light to campaigns and lenders wanting to take part in debt and equity financing, where loans generate income in the form of interest, without a bank involved in the process. The online marketplace has created a new pathway for property owners and funders to peruse current investment offerings, perform due diligence, and maintain dashboards to track how assets and financial product performance.
Firms offering numerous online collaborations and, according to Kenny Slaught, more workflow automation are increasing in popularity, largely because of their ability to provide prompt access to accurate and concise data and information. New intuitive software and mobile apps, says Slaught, give investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and locations. After only a few years in the market, crowdfunding portals have rapidly grown over 150 startups in the US, specializing in real estate. Today, nearly 7% of the U.S population is an accredited investor. In a densely populated setting like Southern California, this number reaches 20%. Software platforms, such as CrowdEngine, RealtyShares, CrowdForce, among others, make it doable to legally raise money from the general public, with some going as far as attracting 90% of equity requirement through these community contributions.
“These grants are meant to spur on new discoveries that could ultimately save millions of lives,” noted Chris Wilson, Global Health Discovery Director at the Bill & Melinda Gates Foundation. “GCE winners are expanding the pipeline of ideas for serious global health and development challenges where creative thinking is most urgently needed.” Kenny Slaught believes that where human lives are concerned, medical research and practice need expanding horizons for quick and holistic global health initiatives.
Respected professor in UCSB’s Department of Molecular, Cellular, and Developmental Biology, David Low, will pursue a progressive global health and development research project called “Strategy for development of enteric pathogen-specific phage”. Low’s research, notes Kenny Slaught, focuses on a new way to deal with major bacterial pathogens that are becoming resistant to today’s powerful antibiotics. Low will build phage to selectively target and kill several pathogenic bacteria to eliminate enteric diseases in babies. They will engineer multiple options of the T2 lytic bacteriophage that connect multiple different regions of the BamA protein located on the surface of several pathogenic bacteria, which will mean that they only infect these specified bacteria. Furthermore, they will test the different phage for capacity to eliminate pathogenic E. coli as well as Shigella, and determine whether or not they cause resistance.
2015 saw the Santa Barbara Bowl Foundation support the Girls Rock Santa Barbara program. Kenny Slaught believes that music is a means to empower young girls, and is therefore convinced the organization creates a supportive environment fostering the development of self-esteem and creativity in kids. Participants take music lessons, partake in workshops, and give performances. They challenge typical gender stereotypes, work with each other, and practice tolerance. Girls Rock Santa Barbara is a perfect representation of the Santa Barbara Bowl Foundation’s emphasis on making music and the arts accessible to everyone.
The annual symposium allows teachers, musicians, charitable donors, and local not-for-profits to visit with students and members of the community to discuss the state of arts education in Santa Barbara. This important program provides the foundation for creating better, more productive programs in the future. More education outreach initiatives include collecting instruments for needy students, grants to community programs that wish to benefit from the resources at the Santa Barbara Bowl, and scholarships for college students studying the performing arts. The foundation also funds a children’s program at Cottage Hospital and many in-school and after-school programs, particularly in neighborhoods affected by the concert season at the Santa Barbara Bowl. The Notes for Notes program aims to provide students with free instruments and music lessons, and a large volunteer committee facilitates this education outreach, notes Kenny Slaught.