Ep. 43: What’s REALLY going on in the Bay Area, with Bobak and Mark

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Lance is the Founder and Managing Partner of Verivest, an end-to-end real estate investment platform designed to bring transparency and trust to middle-market investing, and a Principal in Fairway America, a real estate private equity firm in Portland, Oregon.

Bobak Tamaddon and Mark Gagner are longtime San Francisco Bay Area multi-family investors, and join Lance to talk about the myths and realities of this one-of-a-kind market. Are the startups really fleeing for Austin and Miami? Will the chronic housing shortage here persist after the pandemic? Which submarkets offer the best opportunities for value-adds?

This Week’s Guests

Bobak Tamaddon: Bobak Tamaddon is the managing partner at Bay Housing Investments LLC. Bobak has been acquiring and redeveloping various multifamily assets for the past decade and brings his experience in alternative assets and particularly multifamily apartment properties to Bay Housing Investments. Bobak’s investments show market beating results near the top of industry returns for the small to medium sized multifamily asset class. He has partnered with other experienced multifamily professionals to create yield, scale, and stability in multifamily investments since 2012. 

Bobak is a PhD Candidate in International Political Economy at UC Berkeley and lives with his family in the San Francisco Bay Area. He is also Managing Partner of the related fund Bay Housing Investments Fund LLC.

Mark Gagner : Mark Gagner is a managing partner in Bay-Housing LLC. Mark has been a passionate real estate investor for nearly a decade, originally starting with single family homes and then turning his attention to multifamily assets for the past 5 years. He has acquired, rehabbed and managed properties in CA, GA and PA, however today his focus is on the Bay Area market with partner Bobak Tamaddon. Mark maximizes the value of apartment buildings by using his rehab expertise to manage the construction of additions and interior/exterior upgrades. With a keen eye for exceptional value add opportunities, excellent strategic execution and a laser focus on project goals, he has earned an enviable track record; Bay Area projects were all doubled in value over 24 month horizons. Mark also owns a tech business in Silicon Valley, where he lives with his 15 year old son

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Episode 43