Essential Housing for Essential Workers
Opportunity Housing Group (“OHG”) was founded to provide communities with immediate access to workforce housing: the foundation for strong communities and sustained growth. Through our creativity, experience and partnerships with governmental agencies, we work to maximize the supply of this scarce resource, creating opportunity for housing for our critical workforce.
OHG is an owner-driven real estate investment and services company, founded by Brad Blake, Brad Griggs and Lauren Seaver. OHG’s principals have a proven track record in all aspects of multifamily housing, including acquisitions, operations, entitlement and development. The principals have led the acquisition of over $2.3 billion in multifamily real estate over their careers, including over 8,000 multifamily units, and the development of over $4.8 billion, including 7,750 multifamily units, extended stay hotels, retail and for sale homes throughout the western states. The principals have experience with multiple public-private projects with several redevelopment agencies and have been fiduciary managers and partners with multiple large institutional investors and lenders.
Opportunity Housing Group is an affiliate of Blake Griggs Properties (“BGP”)
Track Record
The principals of OHG have a long history of successful multifamily projects in the western states over their careers.
- 2.3 Billion + Acquired
8,000+ multifamily units
300,000 sf retail
- 4.8 Billion + Developed
7,750 multifamily units
45 extended stay hotels
1.7 million sf retail
2,000 for-sale homes
- 17,000+ Units
Multifamily units purchased, developed or entitled
Established Platform
BGP launched in 2012 with headquarters in the San Francisco Bay Area. To date it has more than $1.4 billion investment across multiple property types, including 2,190+ multifamily units and 231,000 sf of retail.
Veteran Leadership
Management team has decades of experience and diverse expertise across a broad range of targeted investment strategies, product types and Western U.S. geographic regions. The principals have experience in 8 states and 90+ cities.
Track Record of Success
OHG’s principals have sponsored and/or managed multiple investment vehicles including public companies and programmatic joint ventures in multiple market cycles. Long term track record as trusted advisor and fiduciary of institutional and private capital.
Strategy
OHG uses a unique financing structure to acquire market-rate multifamily assets and convert them to rent levels affordable to Essential Workers . This is one of the only housing programs targeted to the creation of attainable housing for the middle-income workforce and has been extremely successful to date. OHG works with Citigroup Global Markets and best in class operators to successfully execute transactions, delivering immediate affordability to tenants. Local communities benefit from rent savings for residents, which are often reinvested into the local community and also receive 100% of the proceeds from the ultimate sale of the asset.
Investment Criteria
OHG is targeting multifamily residential acquisitions of institutional size and quality (100-600+ units).
Strategic Partners
Multifamily Acquisitions
The principals of OHG led the acquisition of these projects over their careers
Dallas, TX
Units: 322
Fairfield, CA
Units: 200
Pleasant Hill, CA
Units: 484
Monrovia, CA
Units: 261
Fairfield, CA
Units: 180
Santa Rosa, CA
Units: 180
Santa Rosa, CA
Units: 277
Los Angeles, CA
Units: 95
Los Angeles, CA
Units: 624
Los Angeles, CA
Units: 101
Redmond, WA
Units: 423
Chino Hills, CA
Units: 125
Chino Hills, CA
Units: 124
Los Angeles, CA
Units: 116
San Diego, CA
Units: 208
Riverside, CA
Units: 432
Diamond Bar, CA
Units: 160
Rancho Margarita, CA
Units: 308
Los Angeles, CA
Units: 128
San Diego, CA
Units: 246
San Diego, CA
Units: 183
Northridge, CA
Units: 200
Riverside, CA
Units: 264
San Diego, CA
Units: 216
Tustin, CA
Units: 165
Wilmington, CA
Units: 200
The Team
Press
City of Dallas buys an apartment complex to turn into affordable housing
City of Dallas buys an apartment complex to turn into affordable housing The deal will save residents $250 each month on their monthly rent payments.
California Struggles Deepen in Solving ‘Missing Middle’ in State’s Housing Puzzle
California’s Struggles Deepen in Solving ‘Missing Middle’ in State’s Housing Puzzle Efforts To Address Lack of Housing Fall Short as Demand Rises Market-rate apartment complexes
California’s New Plan for Housing Middle-Income Essential Workers
California’s New Plan for Housing Middle-Income Essential Workers Last year, this structure helped create nearly 14,000 units, notes Lauren Seaver of Opportunity Housing Group. More
Conversion planned for East Bay apartment complex that just sold for $304M
Conversion planned for East Bay apartment complex that just sold for $304M Danville-based Opportunity Housing Group has plans to convert nearly 500 homes in the
