Seven Hills Properties

What Seven Hills Properties does

Seven Hills Properties is a privately-held, partner-led real estate development and management firm headquartered in San Francisco with a regional office in Portland, Oregon. Founded in the early 1990s, the firm provides end-to-end real estate services across the full development lifecycle — from community backing, municipal navigation, permitting, and construction through leasing, property management, and asset repositioning — for commercial, residential, retail, industrial, mixed-use, and affordable housing projects across California, Oregon, and Washington. Its partner group has collectively developed or redeveloped more than 80 million square feet of space with an aggregate project value exceeding $10 billion, including notable assets such as the 257-unit Yerba Buena Commons SRO in San Francisco, the 245-unit Cinnabar Commons affordable housing complex in San Jose, a 100%-leased U.S. Department of Veterans Affairs office building completed in 2021 in San Francisco, and more than 40 Walgreens locations across the Western United States.

The firm operates as a small, streamlined team rather than a layered bureaucracy, with go-to-market driven by long-standing relationships with city attorneys' offices, rent boards, building departments, labor unions, tenant groups, and national retail tenants. Revenue is generated through three streams: one-time development fees and property sales from real estate development projects, recurring professional service fees from property management, and managed-service revenue from asset repositioning, REO portfolio takeovers, and workout engagements on distressed assets. Pricing is negotiated on a project-by-project basis and is not publicly disclosed. Key customers include national retail and restaurant chains (Walgreens, Chipotle, Popeyes, Starbucks, McDonald's, Home Depot, 24-Hour Fitness, Comcast/Xfinity), government entities (U.S. Department of Veterans Affairs), healthcare operators (Pacific Dental, Dignity GoHealth), and technology firms (Expensify). The competitive advantage rests on regulatory relationships and partner pedigree — including co-founders of AMB Property Corporation (now Prologis) and IHP Capital Partners — rather than on proprietary technology.

The leadership team comprises Managing Partner and President Thomas J. Rocca (35+ years of experience), founding partner Luis A. Belmonte (former EVP at AMB Property Corporation), partner Douglas D. Abbey (co-founder of AMB and IHP Capital Partners, chairman of Swift Real Estate Partners), Partner/COO Marcus DuPlessis (promoted through the ranks since 2013), and CFO Kirsten Osborne (elevated from Controller in 2023). The firm markets primarily through its project portfolio, professional network affiliations (Urban Land Institute, NAIOP, ICSC), and industry recognition such as the PCBC Gold Nugget Award.

Name

Seven Hills Properties

Legal name

Seven Hills Properties

Website

https://7hp.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Seven Hills Properties is a privately-held San Francisco real estate development and management firm that develops, leases, repositions, and manages commercial, residential, retail, and affordable housing projects for institutional clients, national retailers, and government entities across California, Oregon, and Washington.

Ownership category

akta.pro rank

Product category

Real Estate Development Services

NAICS

Land Subdivision (23721), Residential Building Construction (2361), Residential Property Managers (531311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Real estate development
• Property management
• Asset repositioning
• Commercial real estate
• Affordable housing

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Real Estate Development: Development of commercial, residential, and mixed-use properties for own account and for national clients. Revenue generated through development fees, property sales, and long-term ownership.
2. Property Management: Ongoing management of commercial and residential properties. Revenue from management fees and operational cost optimization services.
3. Asset Management: Asset repositioning, workout services, and REO portfolio takeover management for distressed properties. Revenue generated through value creation and asset disposition.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Seven Hills Properties is a real estate development and management firm that delivers the full development lifecycle for commercial, residential, retail, mixed-use, industrial, and affordable housing projects across California, Oregon, and Washington. Services span site acquisition, community backing, regulatory and permitting navigation, construction, leasing, and ongoing property and asset management, with specialized expertise in salvaging and repositioning distressed REO assets for institutional and government clients.

Product overview

Seven Hills Properties operates as a real estate development and management company offering a unified service platform rather than discrete software products. The core offering encompasses real estate development services (covering the full lifecycle from site selection through construction and asset management), property management, and asset repositioning services for distressed properties. The company's project portfolio includes residential developments (Yerba Buena Commons, Cinnabar Commons, Cesar Chavez), commercial properties (retail centers, industrial buildings, office buildings), and a significant portfolio of Walgreens pharmacy locations across the Western U.S. The services are tailored to each client's needs, combining local market expertise with hands-on management across San Francisco, Portland, and surrounding West Coast regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Development Services

Quantifiable outcome

• 80 million square feet of commercial and residential space developed and redeveloped
• +2 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Not-for-profit organizationscoreStrategic or Co-development PartnerSeven Hills Properties develops, manages, and operates residential properties in conjunction with not-for-profit partners. Yerba Buena Commons (257-unit SRO affordable housing) and Cinnabar Commons (245-unit affordable housing) are developed in conjunction with not-for-profit organizations.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Prologis: Global industrial REIT that is the successor to AMB Property Corporation (co-founded by Seven Hills' partner Douglas D. Abbey); comparable industrial-development DNA through shared lineage and Bay Area heritage.
• Related Companies: Large national developer of multifamily, mixed-use, and affordable housing with active Bay Area presence; comparable product types but at a vastly larger scale and broader geographic footprint.
• Essex Property Trust: West Coast-focused multifamily REIT that owns, operates, and develops apartment properties across California and the Pacific Northwest; directly comparable geography and product type, but operates at public-REIT scale.
• Greystar Real Estate Partners: Largest U.S. apartment developer and property manager with significant West Coast operations; competes for residential development and management mandates that Seven Hills targets.

Direct peers

• Sares-Regis Group: Northern California-based real estate developer and investment manager active across residential, commercial, and mixed-use projects in the Bay Area and broader West Coast; directly comparable in geographic focus and product mix.
• Pan Pacific Real Estate: West Coast real estate investment and development firm with deep Bay Area roots developing commercial, residential, and mixed-use assets; operates in the same region with comparable development/asset-management services.
• Swift Real Estate Partners: West Coast owner/operator of office and industrial properties chaired by Seven Hills' partner Douglas D. Abbey; directly comparable West Coast commercial real estate ownership and management platform.
• Carmel Partners: Institutional multifamily developer focused on West Coast urban markets, including Bay Area; develops, owns, and operates residential assets in the same geographies and product types as Seven Hills' residential segment.
• Prometheus Real Estate Group: Bay Area-focused residential developer, owner, and operator with multi-decade track record; directly competes for the same urban residential development and management mandates.
• IHP Capital Partners: Real estate investment manager co-founded by Seven Hills' partner Douglas D. Abbey; comparable forerunner platform providing residential and commercial investment-management services to institutional clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/seven-hills-properties-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Seven Hills Properties