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Lawrence Drouin Email
Fund Manager . Riaz
San Francisco, CA
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Employees:
62Revenue:
$8.4MAbout
Riaz Capital is an Oakland-based developer and operator of workforce housing specifically focusing on how to address the changing housing need of the millennial generation. Our goal is to profitably develop housing that anyone earning area median income can proudly call home. Our mission is to create affordable-by-design housing for the workers of the Bay Area through our existing portfolio of 1000+ units and 310 units currently under development. We see this as a strategic and sustainable place to invest resources, as the 101 municipalities of the Bay Area have failed to create an adequate supply of affordable housing. On account of our holistic approach to design, construction, and operations, we are uniquely positioned to both rehabilitate existing buildings and develop new properties into communities that meet the needs of today's Bay Area workforce. Our integrated group of development, construction, and property management functions delivers efficiency and long-term thinking to all of our projects while allowing us to create above-market returns for our investors. Our principals have been successfully operating in the Bay Area since 1977 and in the East Bay multifamily market since 1999, with our core competency being in mid-market multi-family re-positioning. Currently we own and operate 1,000+ units with building sizes ranging from 6 - 127 units. At the development level, we currently employ 16 people, with a total of 60 people company-wide.Riaz Address
1000 Brannan StSan Francisco, CA
United States