Executive Summary 

Investment Summary  

• Price To be determined by market
• Bid Deadline February 26, 2026
• City Truckee, CA
• County Nevada
• Assessor's Parcel Numbers 019-421-011, 019-421-012, 019-421-014, 019-421-021, 019-421-022
• Zoning DMP (Downtown Master Plan)
• Below Market-Rate (BMR) Requirement 15% of Units at Moderate Income Levels

Investment Highlights

• Generational Development Opportunity in the Nation’s 4th Most Affluent Mountain Town

  • Located at the east end of historic Downtown Truckee, Trout Creek and Industrial Heritage represent two landmark housing developments proposed to deliver 186 residential units and ±11,000 square feet of retail space to a world-class recreation destination in the heart of the Sierra Nevada mountains. 

  • The Offering represents two out of the three districts within of the Truckee Railyard Master Plan, a 75-acre mixed-use development transforming former lumberyard land and expanding the existing downtown district – featuring a vibrant mix of high-end retail, a boutique hotel, grocery store, new Truckee Transit Center, class-A office space, pickleball courts, and more upon completion. 

• 186 Luxury Homes with Streamlined Path to Tentative Map

  • With approvals in-place for the Truckee Railyard’s master plan, development agreement, zoning, and EIR, Trout Creek and Industrial Heritage are expected to have a streamlined path to design-related approvals and tentative map.   

  • Offering decreased affordability requirements with 10 low-income housing unit credits allocated to the Sites and serving as a key component of Downtown Truckee’s future transformation, the Offering presents developers with the opportunity to acquire two exceptionally-located sites – benefiting from nearly 20 years of thoughtful planning since the inception of the Railyard’s redevelopment in 2008. 

• Railroad Adjacency Provides Access to Accretive Financing & Grant Funding

  • Strategically positioned within a half-mile of the illustrious Truckee Rail Station, Trout Creek and Industrial Heritage have unique access to accretive financing options in addition to credit assistance and grants targeted at large-scale transportation projects.  

  • A January 2026 analysis produced by Urban Innovations LLC suggested that the future developer of the Sites could utilize long-term loans through the Railroad Rehabilitation and Improvement Financing (RRIF) program with interest rates as low as 4.9%, along with up to ±$14.4MM in grants through the Federal Transit Authority’s Build America funding. 

• Irreplaceable Location at the Heart of Lake Tahoe’s Premier Lifestyle Offerings

  • The Sites are ideally situated within steps of Truckee’s charming Downtown district, the mountain town’s epicenter and a primary retail hub for the greater Truckee-Tahoe region featuring a diverse array of restaurants, cafes, coffee shops, cocktail bars, breweries, boutiques, art galleries, museums, and hotels.  

  • Occupying ±13.4 acres of exceptionally rare real estate along the Truckee River, Trout Creek and Industrial Heritage are conveniently located within a 25-minute drive of Lake Tahoe, 10-minute drive of Donner Lake, and within 45 minutes of 12 ski resorts – delivering direct access to the region’s most sought-after outdoor recreation.  

  • Located within 1-mile of Interstate-80 and the Truckee Amtrak Train Station, within 10 minutes of the Truckee Tahoe Airport, and within a 45-minute drive of Reno-Tahoe Regional Airport, future residents will enjoy a diverse array of transportation options offering seamless travel to and from Trout Creek and Industrial Heritage.