Aszkenazy Development

What Aszkenazy Development does

Aszkenazy Development, Inc. is a privately-held, vertically-integrated real estate company founded in 1992 by Severyn and Martha Aszkenazy and headquartered in San Fernando, California. The company operates three integrated service lines — property development (ground-up construction, historic renovation, and adaptive reuse), commercial and residential leasing, and asset/property management — under a single corporate entity. Across 30+ years it has developed more than 300 commercial and residential units and currently manages a portfolio exceeding 750,000 square feet of commercial and multi-family properties concentrated in Southern California.

The technology stack is intentionally lean and non-proprietary. No internally-built platform was disclosed; the principal digital asset is the externally-hosted SecureCafe online tenant portal, used for rent collection via e-payment, maintenance request submission, and online lease applications by commercial and residential tenants. Day-to-day operations are executed by a small core team of 1-10 employees, with commercial leasing supplemented by tenant brokers and contracted service providers for asset maintenance.

The revenue model is a three-stream hybrid. Primary recurring cash flow derives from rental income on owned commercial and residential properties (subscription-like contract economics via multi-year leases). A second stream consists of managed-service fees from asset and property management engagements, where the firm administers properties it does not necessarily own. The third, more episodic stream is professional-services revenue from ground-up development, historic renovation, and adaptive reuse projects. Pricing and per-engagement fees are not publicly disclosed and are negotiated transaction by transaction with each tenant and project sponsor. Notable commercial tenants on the owned/managed portfolio include AT&T, Nordstrom, Chipotle, and YouTube, alongside a long tail of smaller commercial and residential tenants across the San Fernando Valley and broader Southern California.

Name

Aszkenazy Development

Legal name

Aszkenazy Development, Inc

Website

https://aszkenazy.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

Aszkenazy Development is a San Fernando, California-based privately-held real estate firm founded in 1992, providing integrated property development, leasing, and management services for commercial and multi-family assets across Southern California.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development and Management

NAICS

Real Estate and Rental and Leasing (53), New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

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

akta.pro secondary industry

Pre-Sale / Move-In Whole-Home Refresh & Modernization (HSAPAEAJ)

Keywords

• Commercial real estate development
• Property management services
• Commercial property leasing
• Residential property leasing
• Mixed-use development

Headquarters

HQ city

San Fernando

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Commercial and Residential Property Rental: The company generates primary revenue through leasing commercial retail, office, and light industrial space, as well as residential units. Properties include multiple properties across Southern California with varying square footage.
2. Property Management Services: Asset and property management services provided to maintain building conditions and reduce operating inefficiencies across the portfolio.
3. Property Development: Ground-up development, historic renovation, and adaptive reuse of commercial, residential, and mixed-use properties.

Distribution channels3 records

Marketing channels2 records

Core offering

Aszkenazy Development is a vertically integrated real estate company that develops, leases, and manages commercial and residential properties across Southern California. It handles ground-up development, historic renovation, and adaptive reuse, leases retail, office, light industrial, and multi-family residential space, and provides ongoing asset and property management for its portfolio of over 750,000 square feet and 300+ units.

Product overview

Aszkenazy Development is a real estate development, design, construction, leasing, and property management company offering three integrated core services: Property Development (ground-up development, historic renovation, and adaptive reuse), Commercial and Residential Leasing (retail, office, light industrial, and multi-family residential space), and Property Management (asset and property management to maximize value). The company manages a portfolio of over 750,000 square feet of commercial and multi-family properties across Southern California, including commercial properties such as 1100 Truman Street (6,726 SF), San Fernando Station (16,027 SF), Library Plaza (24,064 SF), and numerous others, as well as residential properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Development
• Commercial and Residential Leasing
• Property Management

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves4 records

Expansion highlights2 records

Regional players

• UDR, Inc. UDR is a national multifamily REIT with a meaningful West Coast footprint. Comparable to Aszkenazy as an institutional owner/operator of multifamily assets including SoCal exposure, though functioning as a public REIT rather than a vertically-integrated developer.
• Essex Property Trust: Essex Property Trust is a multifamily REIT concentrated on the West Coast, with significant SoCal exposure. Comparable to Aszkenazy as a long-term owner/operator of SoCal multifamily, though operating at a public-company scale and primarily as a rental REIT rather than a developer.
• A.F. Evans Development Company: A.F. Evans is a long-standing California-based residential and mixed-use developer with operations throughout Southern California. Comparable to Aszkenazy in developing and operating multifamily and mixed-use communities in the same regional market.

Direct peers

• Western National Group: Western National Group (formerly Western National Property Management) develops, manages, and invests in multifamily housing throughout California and the Western US. Directly comparable to Aszkenazy's combination of California multifamily development and management services.
• Lincoln Property Company: Lincoln Property Company is one of the largest diversified real estate developers and managers in the US, with substantial multifamily and mixed-use practice including SoCal. Comparable to Aszkenazy in combining development, leasing, and property management across residential and commercial assets.
• Carmel Partners: Carmel Partners is a vertically-integrated California-focused multifamily developer, owner, and operator with deep expertise in urban infill and value-add rental housing. Directly comparable to Aszkenazy in operating a SoCal residential rental portfolio, though at meaningfully greater scale.
• Sares-Regis Group: Sares-Regis is a California-based real estate investment, development, and property management firm active across multifamily, mixed-use, and commercial. Compares to Aszkenazy in combining ground-up development with long-term ownership and management in SoCal markets.

Broad incumbents

• JLL (Jones Lang LaSalle): JLL provides real estate services including investment management, leasing, and property management across multiple asset classes globally. Comparable to Aszkenazy in the leasing and property management service lines for commercial and residential assets.
• CBRE Group: CBRE is a global commercial real estate services firm offering investment sales, leasing, and property management. Comparable to Aszkenazy in providing commercial leasing and property management services, though operating at global scale and not as an owner/developer.
• Related Companies: Related Companies is a large national developer of mixed-use, multifamily, and affordable housing, with significant California activity. Broadly comparable to Aszkenazy in executing ground-up and adaptive reuse development, though at much greater scale and geographic breadth.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/aszkenazy-development-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Aszkenazy Development