Primestor Investment Management, LLC is a California-based limited liability company organized in the
state of Delaware and is wholly owned by Primestor Development, LLC. Primestor Development, LLC is
principally owned and controlled by Arturo Sneider and Leandro Tyberg (the “Principals”). Primestor is a
real estate investment management firm that became registered with the Securities and Exchange
Commission on July 28, 2023.
Primestor currently provides investment advisory and asset management services to private investment
funds (or serves as investment adviser or asset manager to the general partner of such private investment
funds), The Urban Vision Fund I, LP and The Urban Vision Fund (BCAL), L.P. (referred to in this Brochure as
“Urban Vision” or “Funds” collectively, and each a “Fund”). In the future, Urban Vision may have parallel
funds, feeder funds, holding vehicles and subsidiaries to accommodate non-U.S. and U.S. tax-exempt
investors. The Urban Vision Fund I GP, LLC, a Delaware limited liability company, serves as the general
partner (the “General Partner” or “GP”) to the Funds.
The Firm’s primary investment strategy is to pursue ground-up developments, acquisitions, and
repositioning of existing retail and/or mixed-use real estate in the United States, with a particular focus
on urban infill mixed-use projects in underserved communities. In addition to the Firm’s experience in
commercial real estate investments, certain Primestor affiliates have capabilities in commercial
development and construction, as well as leasing and property management. The Firm’s underlying
investment strategy is based on Primestor’s real estate development and management expertise
and
significant experience with entitlements, zoning, structuring, tax incentive programs and government
approvals for urban properties. Primestor manages the Funds in accordance with the investment
objectives and limitations set forth in the Funds’ private placement offering memoranda, governing
documents, subscription agreements, side letters, and limited partnership agreements between
Primestor Investment Management, LLC and the Funds (together, “Offering Documents”).
Primestor does not tailor its services to the individual Fund investors (the “Limited Partners”) or provide
Limited Partners with the right to specify, restrict, or influence the Fund’s investment objectives or any
investment or trading decisions within The Urban Vision Fund I, LP. However, the Limited Partner of The
Urban Vision Fund (BCAL), L.P. has discretion over investments by the Fund and, as such, has the ability
to restrict, specify and influence the investment decisions of the Fund.
Primestor has entered into side agreements, commonly known as “side letters,” with certain investors
under which the Firm waives or modifies the application of certain investment terms applicable to such
investors, without obtaining the consent of any other investor in the Fund (other than an investor whose
rights would be materially and adversely affected by the waiver or modification). The Firm may enter into
further side letter agreements in the future.
Primestor does not participate in wrap fee programs.
As of December 31, 2023, Primestor had $141,675,335 regulatory assets under management (RAUM), of
which $74,723,732 was managed on a discretionary basis and $66,951,603 was managed on a non-
discretionary basis.