SF 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
Results From a Disciplined, Value-Add Strategy
Thousands of units repositioned across multifamily, office, and mixed-use assets.
Proven performance through multiple market cycles, including 2020.
Up to 3x equity multiples and 50%+ IRR on select deals.
$100M+ in gross profit generated.
Diverse experience: coliving, office, mid-term rentals, infill, redevelopment.
View San Francisco Thesis
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