Founding principal and president of Investec Real Estate Companies, Kenny Slaught has boldly led his investment, management, and development firm through several market cycles with great success. As a key figure in the Southern California residential, commercial and industrial property scenes for more than thirty years, he has weathered unexpected variance and bested trends. With his wide-ranging experience and understanding of the acquisitions that shape the state he has called home since childhood, Slaught shares his insights about the unique nuances of the California market; these distinctions include the ability to recognize purchase opportunities and pitfalls, and astute knowledge of the myriad extraneous influences that affect the Golden State.
Santa Barbara has now become a district for unique and developing businesses other than being a prevalent tourist destination, said Kenny Slaught. Plenty of exciting companies have been formed in recent years, and many, counting AppScale, LastLine, TrackR, and Salty Girl Seafood, have come right out of the University of California Santa Barbara. With more than $200 million raised for startups from private investors in the previous year, the Central Coast states nearly twice the investment per capita in development than the greater Los Angeles area, a much grander market. While few may feel the delight of Silicon Valley or Hollywood, local entrepreneurs appreciate the influence of building a business in an environment that boosts growth. Accordingly, the region is one of the best places in the country to launch and cultivate startups, building distinguished biotech, medical, technology, and scientific establishments like Inogen, Raytheon, Sonos, and BioIQ.
Santa Barbara, also known as the American Riviera, is globally famous for its enviable Mediterranean climate, dramatic mountain backgrounds, and attractive shorelines. This stunning city isn’t known nearly as well, however, for its lively, active neighborhoods and bighearted citizens, as per the local real estate expert, Kenny Slaught. The Investec CEO believes robust heritage, a flourishing small business sector, and dedicated nonprofit organizations play critical roles in creating these exclusive communities. As early as 1925, Santa Barbara city planners, understanding the natural charm of Southern California, developed legislation to preserve Spanish Colonial architecture, and the city became the first populace in the United States to consider the importance of historical buildings. The County Courthouse, the most common downtown destination for visiting tourists, is adorned with brightly colored tiles and murals that display remarkable scenes from the city’s past. A church that has been operational for over 200 years, The Old Mission, also known as the “Queen of Missions,” offers an amazing view into the formation of the New World through guided tours and a spread-out museum.
Kenny Slaught states that new intuitive software and mobile applications, says the owner of one of the most successful property management enterprise in Santa Barbara, give investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and geographies. Crowdfunding or peer-to-peer lending initiatives emerged in the state after the adoption of the Jumpstart Our Business Startup (JOBS) Act of 2012, which significantly opened the process in which sponsors can raise funds for real estate acquisitions and development. The new law allowed the originally banned practice of advertising or publicly soliciting private funding from accredited individuals and firms. People with a net worth of $1,000,000, excluding ownership of their personal residences, or with an yearly income of $200,000 or a household with $300,000 per annum, if filed together with a spouse, can become an accredited investor. Kenny Slaught points out that the amendments gave the green light to California borrowers and lenders to participate in debt and equity financing, in which loans generate income in the form of interest, without an official financial institution involved as an intermediary. The online marketplace has built a new outlet for property owners and funders to browse new investment offerings, perform due diligence, and keep track of dashboards to monitor how assets and financial products are performing.
Technological development has revolutionized America’s real estate industry, making the property management sector more efficient and profitable. Platforms that offer numerous online collaborations and –most importantly –workflow automation are increasing in popularity, in large part due to their ability to provide prompt access to accurate and consolidated data and information flow. Kenny Slaught, the president and founder of Santa Barbara-based Investec Real Estate Companies, shares his insights into how California developers can best apply innovative models and cyber operations in their business strategies.
Almost 100 years ago, famous architect George Washington Smith, inspired the California movement called the Spanish Colonial revival. He was a man who dropped out of Harvard to eventually work as a bond trader. Once a successful businessman, he moved to the region anticipating a relaxing lifestyle and planning to work on his painting abilities. What came as a surprise was that everyone loved the house he had designed, prompting him to continue creating architectural gems for other Californians. Using authentic materials from Spain and combining new and old world inspiration, George Smith’s works are sought out and enjoyed for their simplistic beauty and complex design. Known as a founding father for Santa Barbara, other architects have mirrored his style for many generations. Kenny Slaught admires the keen eye and attention to specific qualities required to design a structure of such artistic excellence.
Recognized as a world famous tourist destination, this coastal California town, north of Los Angeles, is full of beautiful buildings with a rich history. From Spanish inspired homes to intricately adorned archways and structures, the city was developed with the intention of an appealing design that would limit uncontrolled growth. As a passionate Santa Barbara real estate professional, Kenny Slaught, provides insight into how the architectural integrity was upheld throughout the years.
The ground-breaking order built during the American Great Depression period was constructed between 1931 and 1936, at a cost of $49 million dollars, explains Kenny Slaught. The dam was originally known as Boulder Dam, but was later transformed to Hoover Dam to honor then-President Herbert Hoover and his significant contributions to the completion of this unusual project. It stands at 221 meters in height, is 379 meters in length, and contains more than 35.000 cubic kilometers of total capacity, allowing more than 4.2 billion kWh2 per year of power.
A United States architectural movement recognised as the Spanish Colonial Revival architecture began in the early 20th century. The movement covered designing some cities that were the former Spanish colonies, which later became American cities, using the Spanish architectural style. A major part of this architectural style can be seen in California. Santa Barbara used this style as its signature line for re-designing the city after an earthquake that took place in 1925. Architect George Washington Smith moved to Montecito and commercialized this movement introduced this style. The history of El Pueblo Viejo aesthetic control remains in line with the Roman and Parisian laws. It tries to keep history together through the Hispanic architecture. Nevertheless, you may be inquisitive as to what the Hispanic Architecture is all about. This style is significantly influenced by the architecture of the “white-washed cities” of Andalusia in Southern Spain. In Santa Barbara, local building techniques are an outcome of the natural environment and the supplies available in the locality. Kenny Slaught says that Hispanic architectural types in this area are characterized by the “minimalism, rural economy, excellence in craftsmanship and direct expression of material”. Designs seen in Santa Barbara display local handmade quality related to the sunlight. Furthermore, colors are also similar to the natural environment, yellow, red, orange and white that remains Santa Barbara’s weather.
Santa Barbara’s fame as a touristic city that entices thousands of visitors each year is a renowned fact. Mostly known for its pleasant weather, spectacular landscapes and particularly for its remarkably rich architectural heritage. Santa Barbara’s constriction designs do not display the similarity of the conventional American architecture because its origins have arisen from the Spanish constructions during the colonization period. Thanks to the city’s flawless architecture portrayed by the touch of ancient days, historic preservation was considered as an essential element in the city planning process. Santa Barbara was one of the earliest communities in the United States that further showcased the historical footprint observed in the local architectural patterns and styles. Famous property developer and successful businessman, Kenny Slaught has thrown insights on the history of Santa Barbara’s architecture by drawing upon the chronology of events that took place in the area. On his blog at KennySlaughtNews.com, the well-known industry executive has shared a brief timeline of milestones in efforts to help accelerate curious readers’ search for knowledge on the roots of local architecture.