Decades of Experience.
Hundreds of Properties.
Our Managing Partners have acquired, renovated, and exited hundreds of investments across major U.S. markets including San Francisco, Chicago, Los Angeles, and Ohio.
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$1.5Bn +
Capital placed since 1990
35+ Years
Operating through market cycles
4,000+ Units
Historical ownership
of full-cycle deals
21.44% IRR
Historical returns
on full-cycle deals
BUILT IN SAN FRANCISCO. REFINED BY EVERY CYCLE
The San Francisco Market Experience
Decades of local experience navigating SF’s famous peaks and valley cycles.
Proven execution through 1990s and 2008–2017 rebounds (tripled equity twice across 1,500+ units and 28 buildings).
Real Company’s local expertise delivers strong results in a complex market.
$1.16B in sales (1992–2024) with 23.97% AAR (Unlevered) and 1.66x EM (Unlevered).
Exploring ADUs, SRO conversion, or layout changes when appropriate
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DECADES OF INVESTING IN THE CITY'S ALWAYS CHANGING
Results From a Disciplined, Value-Add Strategy
01
Thousands of units repositioned across multifamily, office, and mixed-use assets.
02
Proven performance through multiple market cycles, including 2020.
03
Up to 3x equity multiples and 50%+ IRR on select deals.
04
$100M+ in gross profit generated.
05
Diverse experience: coliving, office, mid-term rentals, infill, redevelopment.
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View San Francisco Thesis