Describer: Light music plays in the background throughout the video with an increase in sound at the end of the video. The video is eight minutes and four seconds long.
Describer: Opening scene of the video shows Matthew Wagner seated at a conference table in a conference room.
Matthew P. Wagner, President & CEO, Pacific Western Bank: “I’ve known Percy pretty much since we started this Bank 17 years ago. He’s just a real…he’s just a quality guy. I mean he’s smart. He’s wickedly smart. He’s proud.”
Describer: The next scene shows a man, Matt Karatz, seated in an apartment community room.
Matt Karatz, Co-Managing Partner, Quarter Group & Former Deputy Mayor, City of Los Angeles, speaks: “Percy is a developer’s developer. What that means is you need to have a vision. Not only do you have to have a vision, you have to have the know-how on how to properly execute. And that takes a gift. Percy Vaz has that gift and he has delivered for decades.”
Describer: The next scene shows a man, Percy Vaz, Founder & CEO, AMCAL, walking outdoors next to a swimming pool at a development he built in Pasadena, California, as a voiceover of him speaks.
Percy Vaz, Founder & CEO, AMCAL: “I came to California in 1966.”
Describer: The scene cuts to Percy Vaz sitting in a community room. Percy’s voice continues.
Percy Vaz, Founder & CEO, AMCAL: “For the purpose of getting a degree in electronics and then returning to Mumbai and setting up an electronics assembly plant.”
Describer: Percy continues to speak, and it shows him sitting outside on a patio with views of a swimming pool and bar-b-que in the background.
Percy Vaz, Founder & CEO, AMCAL: “I wanted to own my own business. I want to be entrepreneurial and working for RadioShack wouldn’t do it.”
Describer: The scene cuts back to Percy sitting in a community room. Percy continues speaking.
Percy Vaz, Founder & CEO, AMCAL: “The plans to go and set up my own electronics company in India didn’t work out.”
Describer: As Percy speaks, photo of him blowing out candles on a birthday cake surrounded by his four young daughters is shown.
Describer: The next scene shows Lux Vaz, owner, VP of Accounting, Administration and HR, AMCAL seated in an office.
Lux Vaz, Owner, VP of Accounting, Administration and HR, AMCAL: “Our first effort at real estate was just buying our first home.”
Percy Vaz, Founder & CEO, AMCAL: “It was a time when home prices were skyrocketing literally weekly.”
Describer: As Percy speaks, a view of Percy Vaz and Lux Vaz are shown walking outdoors. Then the scene cuts back to Percy sitting in a community room. Percy continues speaking.]
Percy Vaz, Founder & CEO, AMCAL: “I thought wow this sounds like a great investment.
Describer: The scene cuts back to the pool and patio scene at the Pasadena apartment property.
Percy Vaz, Founder & CEO, AMCAL: “So I started buying several homes and then I got to more curious about the process and decided I wanted to get into the development and construction part of it.
Describer: The scene cuts back to Percy sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “and I got my first contractor’s license and built a small 10-unit building”
Describer: The scene cuts to a view of Palm trees and homes. Also shows a small apartment building at 5912 Willoughby in Los Angeles.
Percy Vaz, Founder & CEO, AMCAL: “in Hollywood which Cal Fed financed so that’s how I got into real estate development.”
Describer: Scene cuts back to Percy sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “That was the first project.”
Describer: Scene cuts to Michael Fowler sitting in a community room.
Michael L. Fowler, President, Affordable Housing Partners, Inc. & Former President, AIG Sun America: “My trust level for AMCAL is a hundred percent plus.”
Describer: Scene cuts to Matthew Wagner sitting in a conference room.
Matthew P. Wagner, President & CEO, Pacific Western Bank: “Working with AMCAL is pretty special. I mean the people really know what they’re doing. It’s a high integrity shop.”
Describer: Scene cuts to Alice Carr sitting in a community room.
Alice Carr, National Head of Community Development Banking, Commercial Banking, Chase: “With AMCAL you always know that Percy’s going to step up and do the right thing and that goes a long way for a bank who is taking on a lot of exposure with a developer. Knowing that your client is the kind of client that will come to the table and really be able to problem-solve alongside of all the other partners is essential.”
Describer: Scene cuts back to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “We have basically three product types.
Describer: Scene cuts to a rendering of a large student housing building, called The Grad in San Jose, California.
Percy Vaz, Founder & CEO, AMCAL: “Student housing”
Describer: The scene then cuts to a photo of an apartment building called The Meridian in Los Angeles, California.
Percy Vaz, Founder & CEO, AMCAL: “Affordable housing”
Describer: Scene cuts to an apartment building in Pasadena, California, called The Luxe.
Percy Vaz, Founder & CEO, AMCAL: “and class A market rate housing. We are spread throughout California and Texas.
Describer: Scene cuts back to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “and I think the biggest accomplishment is just growing the company over the last 40 years”
Describer: Scene cuts to time-lapse video of a student housing community, The Promontory in Marina, California, being built from dirt to fully built.
Percy Vaz, Founder & CEO, AMCAL: “going through three major economic cycles including the last one, the Great Recession and getting stronger”
Describer: Scene cuts to Percy and Lux Vaz walking outside next to a building.
Percy Vaz, Founder & CEO, AMCAL: “every time after we came out of this and having better systems, better checks and balances”
Describer: Scene cuts back to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “better people in the organization.”
Describer: Scene cuts to Matthew Wagner sitting in a conference room.
Matthew P. Wagner, President & CEO, Pacific Western Bank: “They’re unique in that they can adapt to the market. You know, even during the worst recession all of us have ever seen, they were able to continue to build affordable housing and that sort of thing so they’re a little bit recession proof.”
Describer: Scene cuts back to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “It’s diversity of product and diversity of geographic area. Makes a pretty strong developer. A lot of other developers have told me they’re not sure how the heck we do what we do, especially when we have ten projects under construction”
Describer: Scene cuts to a view of outside of The Meridian Apartments in Los Angeles, then of Percy sitting outside on the patio at The Luxe apartments in Pasadena.
Percy Vaz, Founder & CEO, AMCAL: “that are active, and another 15 or 20 in the pipeline. I love what we do.”
Describer: Scene cuts back to Percy sitting in the community room.
Percy Vaz, Founder & CEO, AMCAL: “I love looking at the next deal. I love interacting with our some of our very young, very talented staff that have come out of real estate schools.”
Describer: Scene cuts to Arjun Nagarkatti, President of AMCAL, sitting in his office.
Arjun Nagarkatti, President, AMCAL: “What’s exciting at AMCAL is obviously the number of projects we have, the diversity of projects, but probably what’s more exciting is the team that we have today.”
Describer: Photos of many staff members are shown on the screen.
Arjun Nagarkatti, President, AMCAL: “We really have a team where people are focused. They have a passion for what they do.”
Describer: Scene cuts back to Arjun Nagarkatti sitting in his office.
Arjun Nagarkatti, President, AMCAL: “That is really an exciting environment to be in because everyone gets energized to that process and the only result of that is success.”
Describer: Scene cuts to Lux Vaz sitting in an office.
Lux Vaz, Owner, VP of Accounting, Administration and HR, AMCAL: “What I love about our job is part of it is helping people and helping the homeless or the affordable element of it. I do like that part because I think it’s very important.”
Describer: Scene cuts to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “I get all these letters over the years”
Describer: Scene cuts to a letter from a child with decorative drawings in crayon all around the edges of it.
Percy Vaz, Founder & CEO, AMCAL: “from little kids or seniors”
Describer: Photo of a man, a woman holding the hand of a small child, and another child standing in front of an apartment building called Pacific Pointe apartments in San Francisco, California.
Percy Vaz, Founder & CEO, AMCAL: “or just a low-income a couple struggling and to them, what we provide is like a Taj Mahal”
Describer: Photo of a community room at an apartment community called Avondale in Fort Worth, Texas.
Percy Vaz, Founder & CEO, AMCAL: “because most of them have come from living three families in a one-bedroom”
Describer: Scene cuts back to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “or living in a car for months, the whole family, or living under a bridge.”
Describer: Scene cuts to Lux Vaz sitting in an office.
Lux Vaz, Owner, VP of Accounting, Administration and HR, AMCAL: “We get people saying thank you”
Describer: Photo of six young people, high school and college students, standing in a row outside of a building, holding scholarship checks with happy faces. Then scene cuts back to Lux Vaz sitting in an office.
Lux Vaz, Owner, VP of Accounting, Administration and HR, AMCAL: “thank you thank you so much and you see the joy in their faces and tears in their eyes and the happiness. That is remarkable and it’s very heartwarming.”
Describer: Scene cuts back to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “Getting those letters and getting those thanks at all our grand openings and groundbreakings is enormously gratifying.”
Describer: Scene cuts to Alice Carr sitting in a community room.
Alice Carr, National Head of Community Development Banking, Commercial Banking, Chase: “What has really amazed me is to watch AMCAL take that expertise that they’ve learned in developing affordable housing which is really looking at what the community needs, going into certain cities and communities and figuring out who the partners need to be to get that affordable housing done successfully. And what they’ve been able to do is to take that skill set into the student housing development realm and go into college towns, university areas and be able to find the right partners and identify the correct need to be able to deliver that asset class successfully.”
Describer: Artist’s rendering of an apartment building called The Grand Avenue in San Luis Obispo, California.
Percy Vaz, Founder & CEO, AMCAL: “The current most exciting project is a 420-unit, class-A luxury market rate”
Describer: Scene cuts to vacant land with trees with a logo of Cal Poly Mustangs on a gate in front of the property.
Percy Vaz, Founder & CEO, AMCAL: “apartment that we’ll be building on the Cal Poly campus in San Luis Obispo”
Describer: Scene cuts back to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “and we were selected against some strong competition”
Describer: Video of a woman walking on the Cal Poly San Luis Obispo campus.
Percy Vaz, Founder & CEO, AMCAL: “to do this project. They felt we were very, very”
Describer: Scene cuts to Lux Vaz smiling and turning toward the camera and Percy Vaz smiling and turning away from the camera.
Percy Vaz, Founder & CEO, AMCAL: “genuine and that we were very motivated.”
Describer: Scene cuts back to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “We will try harder than all the bigger boys.”
Describer: Scene cuts to Alice Carr sitting in a community room.
Alice Carr, National Head of Community Development Banking, Commercial Banking, Chase: “When we work with Percy and his team, we know things are going to get done and they’re going to be delivered, you know, efficiently effectively and with a very high-quality product.”
Describer: Scene cuts to Matthew Wagner sitting in a conference room.
Matthew P. Wagner, President & CEO, Pacific Western Bank: “For their 40th anniversary, I’d just like to say congratulations, it’s been a remarkable run and let’s hope it goes 40 more.”
Describer: Scene cuts to Michael Fowler sitting in a community room.
Michael L. Fowler, President, Affordable Housing Partners, Inc. & Former President, AIG Sun America: “And I suspect that with the team that’s in place and under the leadership of Percy and Lux, I think you’re going to have another fantastic 40 years in terms of what it is and I hope to be part of that as you guys go along. And just stay the course.”
Describer: Scene cuts to Alice Carr sitting in a community room.
Alice Carr, National Head of Community Development Banking, Commercial Banking, Chase: “It is a great legacy and an amazing amount of public good that they’ve created.”
Describer: Scene cuts to Matt Karatz sitting in a community room.
Matt Karatz, Co-Managing Partner, Quarter Group & Former Deputy Mayor, City of Los Angeles: “If Percy were sitting in front of me today, I’d want to stand up and give him a big hug, congratulating him and the entire company on the 40 years that it’s been in business. I admire you tremendously for all of the great, great work you’ve done in our city. Thank you very, very much.”
Describer: Scene cuts to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “Oh, I could go on forever. The cliché is it takes a village. It really took lots of people.”
Describer: Scene cuts to Lux and Percy Vaz standing outside in front of a sign that says AMCAL Business Center.
Percy Vaz, Founder & CEO, AMCAL: “First of all, I’d like to thank Lux, my wife, because this started out”
Describer: Scene cuts to Percy and Lux Vaz walking outside away from the camera holding hands.
Percy Vaz, Founder & CEO, AMCAL: “as a classically mom and pop garage operation”
Describer: Scene cuts to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “literally in a garage with just the two of us.”
Describer: Photo of Arjun Nagarkatti, President of AMCAL.
Percy Vaz, Founder & CEO, AMCAL: “I’d like to thank Arjun Nagarkatti who’s been with us now almost 29 years.”
Describer: Scene cuts to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “I can’t thank the entire AMCAL family enough”
Describer: Photos of AMCAL’s management team of nine men show on the screen, then photos of AMCAL staff members.
Percy Vaz, Founder & CEO, AMCAL: “from our management team, to every member of our staff, to all our consultants, to all our funders”
Describer: Scene cuts back to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “both on the debt and equity side, to all our planners.”
Describer: Scene cuts to Percy Vaz walking next to a pool at The Luxe apartments in Pasadena, California.
Percy Vaz, Founder & CEO, AMCAL: “You know, I’m fortunate that I had the opportunity to be associated with all of them and to lead it and to lead it”
Describer: Scene cuts back to Percy Vaz sitting in a community room.
Percy Vaz, Founder & CEO, AMCAL: “to some pretty remarkable success.”
Describer: Photo of AMCAL’s logo shows on screen.
Describer: Video credits scroll up in alphabetical order.
Aaron Lambert, Communications Specialist, Cal Poly Corporation
Alice Carr, National Head of Community Development Banking, Commercial Banking, Chase
Arjun Nagarkatti, President, AMCAL
Jennifer Gordon, Director of Communications, AMCAL
Kenneth Merrill, Cinematographer, Editor, Assembly Required
Lars Lindstrom, Cinematographer, Lars Lindstrom Media
Lux Vaz, Owner, VP of Accounting, Administration and HR, AMCAL
Matthew P. Wagner, President & CEO, Pacific Western Bank
Michael L. Fowler, President, Affordable Housing Partners, Inc. & Former President, AIG Sun America
Nicole Vaz-Huerta, Accounting Manager, AMCAL
Percy Vaz, CEO, AMCAL
Describer: Last frame of video is the word AMCAL with a copyright symbol in front of it.