Align Real Estate
Align Real Estate is a private Bay Area-focused real estate development sponsor that partners with Albertsons Companies to redevelop six Safeway grocery sites into mixed-use projects totaling over 4,000 apartments across Marin, San Francisco, and San Mateo.
- Company typePrivate
- Founded2019
- HeadquartersTacoma, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Align Real Estate does
Align Real Estate is a privately held real estate development firm founded in 2019 that operates as a project sponsor, submitting applications and managing entitlement, design, and construction for mixed-use redevelopment projects on behalf of property owners. The company is headquartered in Tacoma, Washington, with all disclosed development activity concentrated in the San Francisco Bay Area across Marin County, San Francisco, and San Mateo jurisdictions.
The firm's core activity is a six-project partnership with Albertsons Companies to redevelop aging Safeway grocery store sites into high-density mixed-use developments combining residential housing with reconstructed ground-floor grocery and retail space. The disclosed pipeline exceeds 4,000 apartment units, including 379 units (76 affordable) at Bernal Heights, 562 units (113 affordable) at Outer Richmond, a 25-story tower over the Marina District Safeway, and a nearly 400-unit complex in San Mateo. Align Real Estate uses California's State Density Bonus law and Senate Bill 330 to streamline municipal approvals, and typically allocates roughly 20% of units to deed-restricted affordable housing.
The business model is that of a development sponsor and fee developer: Albertsons Companies retains ownership of the underlying real estate and continues grocery operations in the reconstructed stores, while Align Real Estate handles approvals, design, and construction in exchange for developer fees and promote participation. Specific pricing, fee structures, and revenue figures are not publicly disclosed. The firm employs 11–50 people and has no disclosed institutional investors, parent company, or venture backing.
Align Real Estate firmographics
Firmographics- Name
- Align Real Estate
- Website
- https://align-realestate.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Align Real Estate is a private Bay Area-focused real estate development sponsor that partners with Albertsons Companies to redevelop six Safeway grocery sites into mixed-use projects totaling over 4,000 apartments across Marin, San Francisco, and San Mateo.
- Ownership category
- akta.pro rank
Align Real Estate industry classification
Industry- Product category
- Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Offices of Real Estate Agents and Brokers (53121)
- SIC
- General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)
- akta.pro secondary industry
- Retail & Mixed-Use Commercial Construction (IMAFACAB)
Keywords
Where Align Real Estate is headquartered
LocationHeadquarters
- HQ city
- Tacoma
- HQ country
- United States
- HQ region
- North America
Markets served
Align Real Estate business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales
Align Real Estate product offering
Product offeringCore offering
Align Real Estate acts as a project sponsor submitting development applications and proposals on behalf of property owners, primarily transforming Safeway grocery store sites owned by Albertsons Companies into high-density mixed-use developments that combine residential housing with ground-floor grocery retail. The company handles development approvals, design, and construction across a six-project portfolio totaling more than 4,000 apartments in the San Francisco Bay Area.
Product overview
Align Real Estate is a real estate development company that acts as a project sponsor, submitting applications and proposals for mixed-use redevelopment projects on behalf of property owners. The company specializes in transforming existing grocery store locations (particularly Safeway stores) into mixed-use developments combining residential housing with ground-floor retail and grocery space. Align Real Estate operates in the Bay Area, California, with a portfolio of six redevelopment projects totaling over 4,000 apartments across the region.
Differentiator
Problem solved
Functional benefit
Products and services
- Mixed-Use Redevelopment Development Project sponsorship and development of mixed-use properties that combine residential apartments with ground-floor grocery/retail and parking, executed on behalf of property owners such as Albertsons Companies in the San Francisco Bay Area.
- Development Approvals and Permitting Preparation and submission of municipal development applications and entitlements using regulatory tools such as the State Density Bonus law and Senate Bill 330, provided to property owners seeking streamlined approvals.
Quantifiable outcome
- Over 4,000 apartment units planned across six projects in the Bay Area
- +4 more outcomes
Companies that use Align Real Estate
Customer profileSegments1 record
Ideal customer profiles1 record
Align Real Estate technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Align Real Estate partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Albertsons CompaniesflagshipAlign Real Estate serves as project sponsor and applicant on behalf of property owner Albertsons Companies for the redevelopment of Safeway grocery store sites into mixed-use residential and retail projects across the Bay Area. The partnership encompasses a six-project portfolio totaling over 4,000 apartments, where Align Real Estate handles development approvals, design, and construction while Albertsons Companies retains ownership of the underlying real estate and continues grocery operations in reconstructed stores.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Align Real Estate competitors and assessment
Company assessmentDirect peers
- BRIDGE Housing: Bay Area-based nonprofit developer of mixed-income and affordable housing. Highly comparable to Align — both operate in Marin/SF/San Mateo and develop multifamily with significant affordable components, often leveraging state density programs and public-private partnerships.
- MidPen Housing: Mission-driven Bay Area developer of affordable and mixed-income rental housing. Directly comparable to Align's Bay Area focus, multifamily product, and use of regulatory incentives to underwrite deals with affordable components.
- Eden Housing: Bay Area multifamily and affordable housing developer with deep expertise in California density bonus law and SB 330-type streamlining. Operates in overlapping geographies and solves similar urban infill housing problems as Align.
- Carmel Partners: Investment-driven multifamily developer with active Bay Area projects, including mixed-use and high-density urban infill. Comparable to Align in product type and entitlement strategy on dense SF sites.
Broad incumbents
- The Related Companies: Large national developer of mixed-use and affordable/mixed-income housing, including substantial West Coast presence. Comparable to Align's mixed-use grocery-anchored product and affordable housing strategy, but at significantly larger scale and broader geographic footprint.
- Lendlease: Global developer with mixed-use and multifamily projects on the West Coast, including large urban infill communities. Comparable product type to Align, but operating at much greater scale and with institutional capital backing.
- Regency Centers: Grocery-anchored retail and mixed-use REIT. The 'grocery-anchored development' part of Align's thesis most closely mirrors Regency's specialization, though Regency focuses on retail centers while Align adds residential density.
- Federal Realty Investment Trust: Mixed-use real estate investment trust with grocery-anchored retail and significant residential components. Comparable model of integrating grocery retail with housing density in transit-rich locations.
Regional players
- Trumark Urban: Bay Area-focused for-sale and rental housing developer with mixed-use infill projects. Comparable to Align on geography and product, with similar regulatory navigation of California density and entitlement frameworks.
Emerging players
- Habitat for Humanity Greater San Francisco: Bay Area nonprofit developer focused on affordable ownership and rental housing. Less commercial in orientation but overlaps with Align on addressable market (low- and middle-income Bay Area residents) and California-specific affordable housing finance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Align Real Estate social profiles
Digital presenceAlign Real Estate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Align Real Estate leadership team
Management profileNumber of profiles
Profiles1 record
Align Real Estate funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Align Real Estate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Align Real Estate
What does Align Real Estate do?
Align Real Estate acts as a project sponsor submitting development applications and proposals on behalf of property owners, primarily transforming Safeway grocery store sites owned by Albertsons Companies into high-density mixed-use developments that combine residential housing with ground-floor grocery retail. The company handles development approvals, design, and construction across a six-project portfolio totaling more than 4,000 apartments in the San Francisco Bay Area.
Is Align Real Estate a public or private company?
Align Real Estate is a private company. It is classified as unknown and is currently operating.
When was Align Real Estate founded?
Align Real Estate was founded in 2019. It employs 11 to 50 people.
Where is Align Real Estate based?
Align Real Estate is headquartered in Tacoma, United States, in the North America region.
Who are Align Real Estate's main competitors?
Direct peers on record are BRIDGE Housing, MidPen Housing, Eden Housing and Carmel Partners. Broad incumbents are The Related Companies, Lendlease, Regency Centers and Federal Realty Investment Trust. Trumark Urban is listed as a regional player. Habitat for Humanity Greater San Francisco is listed as an emerging player.
Does Align Real Estate have an API?
No public API is recorded for Align Real Estate.
What industry is Align Real Estate in?
Align Real Estate's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAB, Multi-Family Residential Construction (Apartments, Condos, Townhomes), with a secondary code of IMAFACAB, Retail & Mixed-Use Commercial Construction. Its NAICS code is 236117 and its SIC code is 1520.