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MBK RENTAL LIVING ANNOUNCES GRAND OPENING OF LUXURY APARTMENT AND TOWNHOME COMMUNITY IN PASO ROBLES

PASO ROBLES, Calif. (Aug. 21, 2018) - MBK Rental Living announced today the grand opening of Blue Oak, a luxury apartment and townhome community in Paso Robles. Centrally located at 710 Experimental Station Road, the community consists of 85 flats and 56 townhomes with bright open living spaces and an extensive indoor and outdoor amenity collection. As one of the few new apartments, Blue Oak fulfills a high demand for quality rental housing in the area. Leasing is currently underway, with one model residence available for touring daily. To mark the occasion, a public grand opening celebration will be held on August 25 from 11 a.m. to 5 p.m., with a ribbon cutting with city officials and development partners at 3pm. "With few new rental options currently available in Paso Robles, the grand opening of Blue Oak comes at a great time," said Craig Jones, President of MBK Rental Living. "We're delivering much needed quality housing with finishes and amenities that deliver a lifestyle unique to the Paso Robles community."

Blue Oak redefines rental housing for Paso Robles by offering two? and three?story residences with expansive 9?foot ceilings, open?concept living areas, and attached garages with direct access (in select units). There are eight floor plan options ranging from 765 to 1,452 square feet with one to three bedrooms and one to three bathrooms. Interior amenities are plentiful and include stainless?steel appliance package, covered patios, granite countertops, wood?style flooring, contemporary lighting, modern custom?wood cabinetry, and gourmet kitchens with prep islands in select units. Residents will enjoy the latest in energy efficiency and technology with GE washers & dryers, tankless water heaters, USB charging outlet in kitchens, and smart?enabled thermostats.

Architecture and landscape design of the community follows in the style of contemporary agrarian agriculture, designed by San Luis Obispo?based Arris Studio Architects and Firma Consultants, and will connect residents to open spaces and nature. Blue Oak boasts remarkable community amenities including a clubhouse with Wi?Fi in common areas, outdoor spaces with seating and open lawn areas with barbeques, resort?style pool and spa, fitness center with state?of?the?art equipment, resident garden, playground, and professional on?site management.

"The City of Paso Robles is excited for the phase one completion of Blue Oak Apartments. The new community, along with all its amenities, will provide a new and exciting place for people to live," said Darren Nash, associate planner in the community development department for the City of Paso Robles. "Blue Oak helps meet the City's goals by providing much needed rental housing for the community in an area of the city close to schools, shopping, jobs and freeway access." The community is served by Paso Robles Unified School District and nearby are regional universities, including University of Santa Barbara; California Polytechnic State University, San Luis Obispo; Cuesta College; West Hills Community College; Alan Hancock College; Taft College; and San Joaquin College, among others. Blue Oak is conveniently situated near downtown Paso Robles with its shopping, dining, arts and entertainment, has direct access to the 101 and 46 freeways, is 35 miles from the San Luis Obispo County Regional Airport, and is located less than an hour from recreational activities at Lake Nacimiento as well as Paso Robles' 200 wineries.

Prices for this community range from $1,700 to $2,700 per month. For more information, please visit to liveblueoak.com.

About MBK Rental Living
MBK Rental Living is active in the acquisition and development of apartment communities. The company's mission is to provide top quality shelter to residents in California. Throughout its nearly 20 years, MBK has earned a reputation for delivering award winning customer satisfaction in housing that is innovative in design, comfort, sustainability and craftsmanship, all at an excellent value. MBK Rental Living is a division of MBK Real Estate Ltd., the U.S. real estate development arm of Mitsui & Co., Ltd., one of the world's largest corporations. MBK Real Estate's companies span a wide spectrum of real estate development, including homebuilding, retail and senior housing divisions. MBK Rental Living is headquartered in Irvine, California. Corporate offices are located at 4 Park Plaza Suite 1000, Irvine, CA 92614; or visit the website at www.mbkrentalliving.com.