Behring

What Behring does

Behring Co. is a privately held, vertically integrated real estate development and private equity platform founded in 2013 by Colin Behring and headquartered in Danville, California (San Francisco Bay Area). The firm develops and operates trophy mixed-use residential projects including the 39-story 1900 Broadway tower in Oakland, The Grad in San Jose, and Landing at College Square in Sacramento, controlling the stack from acquisition and entitlement through construction, financing, and ongoing operations under its proprietary Stak Site Space-as-a-Service brand. Stak Site bundles residential units (Stak Residences/Co-Living), coworking (STAK Space), short-stay hospitality (Stak Stay), a private car fleet (StakGo), amenities (Stak Club), and a loyalty program (Stak Rewards), with prop-tech integrations through Latch smart access and ORI robotic furniture.

The platform is financed through a multi-vehicle capital stack: Behring Regional Center LLC is a USCIS-accredited EB-5 Regional Center (USCIS ID1316551161) with a claimed 100% investor approval history; Unity Lender is an in-house debt fund targeting 8%+ fixed returns with convertible debt options; BRC Legacy Partners LP is an open-ended real estate PE fund blending equity and credit with EB-5 benefits; STAK Ventures is a prop-tech investment vehicle; and Behring Capital manages international PE operations. Distribution combines direct U.S. sales (Calendly-led consultations, a digital investor portal at investors.behringco.com) with international capital-markets coverage spanning 30+ countries, anchored by regional directors in the Greater China region and APAC & MEA. Reported scale includes $360M+ in cumulative capital raised, 450+ institutional and HNW investors, and $15B in claimed family development experience. Headcount is reported at 1-10, reflecting a lean operator model that leans heavily on vertical integration and outsourced construction rather than large in-house staff.

Name

Behring

Legal name

Behring Co.

Website

https://behringco.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Behring Co. is a Bay Area-based, vertically integrated real estate development and private equity platform that builds, finances, and operates mixed-use residential projects (notably 1900 Broadway in Oakland) for institutional and high-net-worth investors via EB-5, equity, and debt funds.

Ownership category

akta.pro rank

Headquarters

HQ city

San Ramon

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Real Estate Development: Develops trophy mixed-use residential properties in the San Francisco Bay Area. Revenue generated through development fees, property sales, and equity appreciation. Projects include 1900 Broadway (39-story live-work tower), The Grad, Madison Park, Landing at College Square, and legacy family projects.
2. Investment Management: Manages real estate funds and separate accounts for institutional investors and high-net-worth individuals. Generates management fees and performance/carried interest on equity investments targeting greater than 15% IRRs and 2x equity multiples.
3. Venture Lending / Debt Fund: Unity Lender debt fund finances construction of real estate projects and provides startup growth capital. Investors earn fixed income returns (8%+), with convertible debt options offering equity participation rights.
4. EB-5 Regional Center Services: Behring Regional Center LLC provides USCIS-approved EB-5 investment opportunities. Generates revenue through investor placement fees and fund management. Maintains 100% investor approval history with USCIS. Investors from 30+ countries participate seeking U.S. green cards.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Behring operates a vertically integrated real estate development and private equity platform in the San Francisco Bay Area, sponsoring equity real estate funds, EB-5 immigrant investor programs, and a venture debt fund. The company develops trophy mixed-use residential properties (e.g., 1900 Broadway, a 39-story live-work tower) and operates the proprietary Stak Site live-work-play ecosystem covering co-living residences, coworking, hotel-style stays, private car fleet, and amenities.

Product overview

Behring operates a vertically integrated real estate development and private equity platform focused on the San Francisco Bay Area. The core offering is the Stak Site ecosystem, a proprietary 'Full Stack' platform combining residential (Stak Residences/Co-Living), coworking (Stak Space), hospitality (Stak Stay), mobility (StakGo), and amenities (Stak Club) under one roof with claimed cost advantages. Key projects include 1900 Broadway, a 39-story mixed-use tower in Oakland. The platform is complemented by EB-5 immigration investment services (Behring Regional Center), venture lending (Unity Lender), prop-tech venture capital (STAK Ventures), and the BRC Legacy Partners LP fund. The company also provides a digital investment portal for investor relations. The ecosystem is designed to minimize costs through vertical integration from acquisition through exit.

Differentiator

Problem solved

Functional benefit

Brands

• Stak: Space-as-a-Service brand ecosystem covering live-work-play offerings including Stak Residences, Stak Club amenities, Stak Space coworking, Stak Stay pop-up hotel, Stak Go private car fleet, and Stak Rewards loyalty program
• 1900 Broadway
• BRC Legacy Partners

Products and services

• Stak Residences (Co-Living) Co-living residential apartments within the Stak Site integrated live-work-play platform, offering technology-enhanced shared living at the 1900 Broadway tower in Oakland with BART access, smart building access, and optional ORI robotic furniture packages.
• Stak Space (Coworking) Coworking and flexible office space operated within Behring's Stak Site campuses, providing enterprise-quality workspace with telepresence suites, podcast studios, conference rooms, and video production facilities for founders, remote workers, and corporate teams.
• Stak Stay (Hotel-Style Stays) Hotel-style short-term luxury apartment rental offering within Stak Site properties, providing flexible shorter-term stays compared to traditional 1-year residential leases, with smart app-based access control.
• StakGo (Private Car Fleet) Semi-shared private luxury vehicle fleet service for Stak Site members, providing app-controlled reservation-based access to premium vehicles without full ownership costs.
• EB-5 Immigrant Investor Program (Behring Regional Center LLC) USCIS-accredited EB-5 Regional Center offering immigrant investor visa program sponsorship with a $500,000 minimum investment in Targeted Employment Area-qualified projects that create at least 10 full-time jobs, providing a pathway to U.S. permanent residency (green card) for foreign investors.
• Unity Lender (Debt Fund) Behring's debt fund providing customized, USCIS-approved EB-5 investor financing and real estate construction financing, backed by formal underwriting and source-of-funds compliance packages, targeting 8%+ fixed returns with convertible debt options for equity participation.
• BRC Legacy Partners LP (Private Equity Fund) Open-ended real estate private equity fund blending equity and high-yield credit for investors, offering rental upside, steady income, tax benefits of long-term investment, and optional EB-5 benefits, with dynamic exit flexibility.
• 1900 Broadway (Mixed-Use Residential Tower) 39-story mixed-use residential tower developed by Behring in Oakland, featuring co-living apartments (Stak Residences), coworking (Stak Space), amenities, and BART transit access. Showcases Behring's vertically integrated Stak Site ecosystem in a single trophy asset.

Quantifiable outcome

• Investors can earn 23% higher NOI than traditional investments from hands-on approach
• +5 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Behring Regional Center LLCcoreStrategic or Co-development Partner · 1 January 2013Wholly owned USCIS-accredited EB-5 Regional Center (USCIS ID1316551161) that sponsors immigrant investor projects and maintains 100% investor approval history. Formerly known as Berkeley Regional Center Fund LLC.
• Unity LendercoreStrategic or Co-development PartnerBehring's debt fund that finances real estate construction and provides startup growth capital. Offers investors fixed income (8%+) with convertible debt options and equity participation rights.
• STAK VenturescoreStrategic or Co-development PartnerVenture capital arm that scouts, invests in, and pilots property-technology that makes buildings smarter and urban life better, supporting Behring's prop-tech ecosystem.
• STAK SpacecoreStrategic or Co-development PartnerCoworking subsidiary adding to Behring's campuses, boosting NOI and building a founder-focused community within the Stak Site ecosystem.

Scale indicators12 records

Recent moves6 records

Expansion highlights2 records

Direct peers

• The Related Companies: Large national mixed-use real estate developer and fund manager, explicitly named in Behring materials because Behring's APAC/MEA GM Peter Bibler previously led Related's EB-5 foreign-market fundraising. Highly comparable as a vertically integrated developer using EB-5 capital for trophy Bay Area and U.S. projects.
• Carmel Partners: West Coast-focused multifamily and mixed-use real estate private equity firm with a comparable institutional LP base and urban infill development orientation. Closely matches Behring's California concentration, equity-fund structure, and value-add multifamily thesis.
• JPI: National multifamily developer and investor with a long-running urban infill and mixed-use pipeline. Comparable in development scale, mixed-use product type, and institutional equity-fund capitalization that overlaps with Behring's investor segments.

Broad incumbents

• Greystar Real Estate Partners: The largest U.S. multifamily operator/developer and investment manager. Comparable as a vertically integrated rental-housing platform with embedded prop-tech and operational scale; broader portfolio than Behring and not EB-5 focused.
• Tishman Speyer: Major global mixed-use and trophy-asset developer/investor. Comparable in trophy asset profile, cross-border LP base, and integrated development-to-operations model; broader geographically and not concentrated in Bay Area or EB-5 distribution.
• Brookfield Property Partners: Large diversified global real estate operator with significant mixed-use, multifamily, and prop-tech exposure. Useful scale and capital-sourcing benchmark, but substantially broader and more institutional than Behring's Bay Area-focused platform.

Regional players

• Merlone Geier Partners: San Francisco-based real estate investment firm focused on Bay Area retail, mixed-use, and residential assets. Directly comparable in geography, asset class, and California local-market expertise; sized and structured closer to Behring than the national REPEs.
• Sares Regis Group: California-based residential and mixed-use developer and investment manager with significant Bay Area activity. Comparable regional asset-class focus and capital-stack approach for value-add urban multifamily and mixed-use projects.

Emerging players

• Common: Co-living operator offering tech-enabled shared residential across multiple U.S. cities. Directly comparable to the Stak Residences / co-living product inside Stak Site (1900 Broadway), with similar value proposition of professionally managed urban shared housing.
• Ollie: Co-living operator focused on flexible, professionally managed shared housing with technology-enabled access and amenities. Comparable to Behring's co-living units and Stak Stay short-term-rental offerings within the integrated Stak Site model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCn2NawgbVGTi325pgOHbNbg
• Facebookfacebook.com/BehringCompanies
• LinkedInlinkedin.com/company/behringco

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Behring