The Drake family of companies has invested in over 50 properties in the San Francisco Bay area and Los Angeles. Both of these markets have strong economic, demographic, and real estate fundamentals. We have acquired or advised on $1,600,000,000 in real estate assets and delivered 10 year gross average IRR on assets sold of 20.4%. Multifamily and office real estate remains a high performing, carefully chosen, inflation protected long term asset class in select California markets.
Approximately 70% of Drake’s transactions have been directly sourced. As a small tight-knit company, we pride ourselves on combining an entrepreneurial approach to crafting value-add plans with institutional level implementation.
From the underwriting of an acquisition target to analyzing the scope of specific unit improvements, our team performed detailed cost/benefit analysis with each execution. Our marketing and lease up strategies are customized for each property to drive traffic, capture interest, and close deals.
Principals have directed 5,000,000 square feet of leasing and valuation transactions and serve as Advisors or Brokers to numerous private and publicly listed clients, including Long’s Drugs, Safeway, and Purity Stores.
Our acquisitions are investment-grade, income-producing rental properties that are well-leased, with potential to provide enhanced returns due to …more
When fully invested, Drake's affiliates wiall have acquired properties with a total initial market capitalization of approximately $80 million…more
Both the San Francisco Bay Area and Greater Los Angeles are recognized both nationally and internationally as two of the most desirable places to live…more
See our Investment Portfolio of properties in which Drake has participated as the developer and an owner and the Fee and Advisory Portfolio of properties where…more
The Drake team pursues sustainable investment returns by focusing on multifamily asset strategies that create value through asset management, renovation, repositioning, and property management. Meet the key Principals…more
Questions about term, exit strategy, return targets and governance are some of our most frequently asked questions…more
An early project, for which we have received national recognition, is the redevelopment of the Hercules (California) Historic District, in which the entire residential community built by the Hercules Powder Company in the late 19th century was completely restored, placed on the U.S. National Register of Historic Places, and sold to individual homeowners… more .
This apartment building overlooks Lake Merritt in the center of Oakland, CA, with an imposing presence and a view of the downtown skyscrapers.
Hercules Historic District was originally the site of the 19th century Hercules Powder Factory which supplied gunpowder for gold mining in the Sierras.
A partnership largely owned by the Principals of Drake purchased this multi-family building in Valley Village, close to the trendy NoHo district of Los Angeles.
Key elements of the Drake investment process include a systematic and structured process for:
(i) identification of under-managed or otherwise undervalued properties utilizing both conventional proprietary sources of dealflow, and emphasizing specific quantitative and qualitative criteria, including expected spreads between fundamental and perceived market values;
(ii) thorough analysis of the prospective investment, including a proprietary financial analysis model to arrive at cash flows and investment returns.
(iii) active monitoring of investments and collaboration with experiencedindustry veterans who assist Drake in their due
Identification and Due Diligence
Sourcing Potential Investments
Repositioning the Product and Achieving Optimal Rents