East Bay Permanent Real Estate Cooperative

What East Bay Permanent Real Estate Cooperative does

East Bay Permanent Real Estate Cooperative (EB PREC) is a California Cooperative Corporation founded in 2017/2018 and headquartered in Oakland, California, that acquires real estate and removes it permanently from the speculative market. The organization runs a multi-stakeholder cooperative model with four owner classes — Community Owners ($10/month dues), Resident Owners (sign Resident Share Agreements and co-govern properties), Investor Owners (accredited investors via Reg D and California residents via CA Cooperative Shares at $1,000/share with a 1.5% target annual return), and Staff Owners — operating under one-member-one-vote governance regardless of share count. EB PREC's portfolio spans roughly seven properties across Oakland, West Oakland, Deep East Oakland, Berkeley, and San Pablo, including mixed-use cultural assets (Esther's Orbit Room & Cultural Arts Center, The Barn), residential complexes (Pippin St., Coop 789, Prince St.), a single-family co-purchase (California Ave., San Pablo), a stewarded community space (4799 Shattuck Ave. for affiliate CALLI), and a 26,000 sq.ft. development parcel (Esther's Garden). Capital is raised primarily through the Reg D and CA Cooperative Share offerings (total $15M target) and donations; operating revenue comes from below-market residential rents, 50%-of-market commercial rents to BIPOC tenants, and modest member dues. EB PREC is supported by a 1-10 person staff collective, the Displacement Avoidance Project (funded via California's Transformative Climate Communities program), and partnerships with the Northern California Land Trust, Alena Museum, Mandela Grocery, and the Oakland Cultural Space Cooperative along the 7th Street Cultural Cooperative Corridor.

Name

East Bay Permanent Real Estate Cooperative

Legal name

East Bay Permanent Real Estate Cooperative

Website

https://ebprec.org

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

East Bay Permanent Real Estate Cooperative is an Oakland-based California Cooperative Corporation that acquires and permanently stewards residential and commercial properties in the East Bay through a four-tier member-owner cooperative model, serving BIPOC and low-income residents with affordable housing and commercial space.

Ownership category

akta.pro rank

Headquarters

HQ city

Oakland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Equity Investment Shares: EB PREC raises equity capital through the sale of Investor Owner shares at $1,000 per share to accredited investors (Reg D, nationwide) and California residents (CA Cooperative Share, $1,000 max). The cooperative targets a 1.5% annual return and has a 5-year minimum hold period before redemption. Total offering: $15 Million.
2. Donations: Recurring monthly donations from supporters (Sustainers) and one-time gifts. Donations to EB PREC directly are not tax-deductible as it is a California Cooperative Corporation, not a 501(c)(3). Tax-deductible pathways are available via contact.
3. Resident Contributions: Resident Owners pay monthly contributions under their Resident Share Agreement and may build limited equity. Market-rate units subsidize below-market-rate units at properties like Esther's Orbit Room.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

EB PREC is a multi-stakeholder real estate cooperative that acquires residential and commercial properties across the East Bay through community organizing, removes them permanently from the speculative market, and stewards them under a one-member-one-vote cooperative governance model. It raises equity capital through Reg D and CA Cooperative Share offerings, places residents into Resident Share Agreements, and operates cultural/commercial spaces such as Esther's Orbit Room & Cultural Arts Center.

Product overview

East Bay Permanent Real Estate Cooperative (EB PREC) is a multi-stakeholder cooperative that offers community-controlled real estate ownership programs rather than a unified software product. Its core offerings include investment opportunities through Reg D and CA Cooperative Share offerings, resident and community ownership programs, and property acquisition services. The cooperative manages multiple properties including Esther's Orbit Room, the Barn, and various residential properties across Oakland and Berkeley. Additional services include the Freedom Shares program for low-income residents, Owner Group organizing structures, and the Displacement Avoidance Project.

Differentiator

Problem solved

Functional benefit

Brands

• Freedom Shares: A program offering free $1,000 Investor Owner shares and waiving Community Owner dues for qualifying low-income East Bay residents to build community wealth and expand access to investment opportunities.
• Displacement Avoidance Project (DAP)
• Esther's Orbit Room & Cultural Arts Center

Products and services

• Reg D Investor Owner Shares
• CA Cooperative Share
• Freedom Shares Program

Quantifiable outcome

• 700+ member-owners in the cooperative as of 2023
• +5 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• Northern California Land Trust (NCLT)coreStrategic or Co-development PartnerEB PREC partnered with NCLT on Coop 789, its first property rescue from the speculative market. Residents of Coop 789 are organizing to co-operatively buy out the improvements from NCLT as co-owners of EB PREC. The partnership leverages NCLT's community land trust model with EB PREC's cooperative ownership structure.
• Alena MuseumcoreStrategic or Co-development PartnerAlena Museum is a key partner in the 7th Street Cultural Cooperative Corridor revitalization plan with EB PREC. The partnership is led by Alena Museum's Community Arts & Organizing Lead and focuses on Black arts, business, home ownership, and culture revival along West Oakland's historic 7th Street.
• Mandela GrocerycoreStrategic or Co-development PartnerMandela Grocery is a partner in the 7th Street Cultural Cooperative Corridor, collaborating with EB PREC on the cultural and economic revival of West Oakland's historic 7th Street.
• Oakland Cultural Space CooperativecoreStrategic or Co-development PartnerPartner in the 7th Street Cultural Cooperative Corridor, working with EB PREC on the cultural and economic revitalization of West Oakland's historic 7th Street through cooperative cultural programming.
• Collective Action and Land Liberation Institute (CALLI)coreStrategic or Co-development PartnerCALLI is EB PREC's nonprofit affiliate. EB PREC helped CALLI swiftly acquire 4799 Shattuck Ave. (formerly Omni Commons) to prevent displacement of tenants and ensure it remains permanently affordable and under community control. EB PREC currently stewards the building on behalf of CALLI.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Mercy Housing: One of the largest nonprofit affordable housing developers in the U.S., operating over 24,000 affordable housing units across 40 states. Mercy Housing is comparable to EB PREC in mission (permanently affordable housing for vulnerable populations) but operates at vastly greater scale through a traditional nonprofit developer model rather than cooperative ownership.
• The Community Builders: Large national nonprofit developer of affordable and mixed-income housing with over 40,000 units across major U.S. cities. Like EB PREC, TCB pursues permanent affordability, but uses a conventional developer-plus-services model rather than a multi-stakeholder cooperative structure.
• Grounded Solutions Network: National membership organization that supports and represents over 250 community land trusts and shared-equity programs across the U.S. Grounded Solutions is the broader industry body that EB PREC's permanent cooperative model operates within, providing shared infrastructure, advocacy, and peer learning.

Others

• Reinvestment Fund: A mission-driven CDFI that finances affordable housing, community development, and equitable growth initiatives across the U.S. Comparable to EB PREC in anti-displacement and equity-focused real estate mission, but operates as an institutional impact investor rather than a member-owned cooperative.
• Self-Help Credit Union / Self-Help Ventures Fund: Community development financial institution that finances affordable housing, small businesses, and nonprofit facilities. Comparable to EB PREC as a community-controlled alternative-finance vehicle addressing systemic inequities, including a notable partnership with the North Carolina Community Land Trust model.
• National Cooperative Bank: A cooperatively-structured bank that provides financing, banking services, and capital to cooperatives and community-based organizations nationwide. NCB is comparable as an ecosystem enabler and potential capital partner for cooperative-owned real estate models like EB PREC's.

Direct peers

• Champlain Housing Trust: The largest and oldest community land trust in the United States, based in Burlington, VT. Champlain Housing Trust operates a similar dual model of permanently affordable home ownership and rental housing, with shared-equity resale restrictions that closely parallel EB PREC's cooperative stewardship approach.
• Northern California Land Trust: A regional community land trust in Northern California and a direct operational partner of EB PREC (notably on Coop 789). NCLT operates a shared-equity CLT model that complements EB PREC's cooperative ownership approach in the same Bay Area geography.
• ROC USA: National nonprofit that helps residents of manufactured home communities form resident-owned cooperatives (ROCs) to purchase and collectively govern their parks. ROC USA's resident-owned cooperative model closely mirrors EB PREC's Resident Owner / Community Owner governance and stewardship structure.
• Oakland Community Land Trust: A local Oakland-based community land trust focused on permanently affordable housing and preventing displacement of BIPOC communities. Shares EB PREC's Oakland geography, anti-displacement mission, and community-controlled stewardship model, making it a directly comparable peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/EBPREC
• YouTubeyoutube.com/@ebprec
• Facebookfacebook.com/ebprec
• LinkedInlinkedin.com/company/ebprec
• Instagraminstagram.com/eb.prec

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 East Bay Permanent Real Estate Cooperative