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Rev Projects is a commercial real estate company that acquires and repositions properties in the San Francisco Bay Area that are under-utilized or mismanaged.
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INVESTMENT PRINCIPLES
TARGET EMERGING SUBMARKETS |
REVITALIZE AND REBUILD |
HARNESS CREATIVITY |
SUPPORT
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ENGAGE COMMUNITY |
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In 2015, Rev Projects acquired and renovated OMC Lofts, a 21 unit loft-style residential building in Oakland, California. The renovation completed in just 18 months, significantly ahead of schedule, and Rev Projects exited the investment in November 2017 with returns to investors that far outperformed original projections.
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Eric Wang
Founder and Principal
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Eric Wang is a commercial real estate investment professional with over $1 billion in transactions experience and asset management experience in multifamily, office, retail and hospitality property types. Eric has focused on adaptive reuse strategies, particularly with historic buildings, and led the repositioning of assets throughout the Western United States. Prior to Rev Projects, Eric served at Gaw Capital Partners where he underwrote and executed over $420 million in transactions and was responsible for asset management of value-add funds totaling over $400 million. While at Prudential Real Estate Investors, Eric was responsible for a value-add portfolio totaling 5.2 million square feet of office assets, over 1,300 apartment units and 4.5 million square feet of retail centers. Eric started Rev Projects to develop projects in emerging submarkets and ultimately revitalize their communities.
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Rev Projects firmly believes in giving back to the communities where it invests. Rev Projects commits a minimum of 5% of its up-front fee income to charitable organizations. To support the growth of vibrant and healthy communities, Rev Projects partners with local non-profit organizations that work in areas of rehabilitation, homelessness, and education.
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