The founder and CEO of real estate investment firm Vertical Ventures, Hamid Rezapour leads a team that has produced investment returns north of 20 percent. In February 2017, Hamid Rezapour’s company acquired Hellyer Oaks Technology Park using an innovative crowdfunding approach to raise the majority of the approximately $10 million equity portion of the $36.2 million deal.
Measuring over 346,000 square feet, the real estate asset is a two building office campus setup situated in San Jose, California. Based on recent leasing trends, Vertical Ventures will offer 10,000 square feet to 60,000 square feet of newly built-out space to tenants. The San Jose submarket in the south has generally catered to large users, which has given small and medium-sized tenants desiring Class A office space with few alternatives.
This offering will address a growing demand for this size segment. High rental rates in the majority of Silicon Valley submarkets have also caused a number of tenants to review their rental costs and explore better-value possibilities. Thus the firm believes its new option provides for a compelling value proposition.
