Est. 2012
Oakland, California
Parcel.
Permit.
Product.
We buy the sites nobody else can underwrite, carry them through entitlement, and hand back approvals that hold up. Fourteen years in the hardest jurisdictions in the country.
Now in permitting
Whitehall — 357 homes
1,120
Acres entitled
2,340
Homes approved
14
Years operating
6
Jurisdictions
Six sites. Every one of them public record.
Full portfolio →The approach
Entitlement is the product. Everything else follows.
Sites rarely fail on design or capital. They fail on process — a missed noticing window, a lapsed determination, a condition nobody tracked.
01
Buy the constraint, not the pro forma
We underwrite the approval path first. If entitlement risk can't be written down to a schedule, we pass on the site.
02
One record, continuously maintained
Every condition, notice, and expiration lives in a single tracked project record — not in somebody's inbox.
03
Stay in the room after approval
We carry sites through permitting and construction, because the conditions we negotiated are the ones being built.