Opportunity Housing Group, LLC

What Opportunity Housing Group, LLC does

Opportunity Housing Group, LLC (OHG) is a privately held real estate investment and services company focused on acquiring and converting market-rate multifamily properties into workforce housing for middle-income essential workers. Founded as an affiliate of Blake Griggs Properties (BGP, launched 2012), OHG operates with a five-person team headquartered in Danville, California, and targets institutional-size multifamily assets (100-600+ units) across Western U.S. states with a concentration in California.

OHG's core technology is a proprietary financing structure executed in partnership with the California Statewide Communities Development Authority (CSCDA), a joint powers authority that issues tax-exempt municipal bonds to fund acquisitions. Properties are acquired at market rates and immediately converted to rent levels affordable to tenants earning 60-120% of Area Median Income (AMI) — teachers, nurses, first responders, and other essential workers who do not qualify for federal rental subsidies but cannot afford market-rate rents. The structure requires no subsidies, outside equity, tax credits, or grants from cities, and includes a 4% annual rent increase cap. Citigroup Global Markets provides financing and Greystar serves as operating partner on transactions.

OHG's business model is asset management and transaction fees derived from a small number of large public-private partnership deals. The company earns fees for identifying, acquiring, and administering workforce housing properties owned by public entities. In 2021, OHG completed six acquisitions through the CSCDA program totaling over $900 million in bond issuance, establishing a 1,600+ unit California portfolio. The company has since expanded beyond California, completing its first out-of-state transaction with the City of Dallas in December 2022. Its principals — Brad Blake, Brad Griggs, and Lauren Seaver — collectively bring 35+ years of multifamily experience and have transacted on over $2.3 billion in acquisitions and $4.8 billion in development across their careers.

Name

Opportunity Housing Group, LLC

Legal name

Opportunity Housing Group, LLC

Website

https://opportunityhousinggroup.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Opportunity Housing Group is a privately held real estate investment firm that acquires market-rate multifamily properties and converts them to workforce housing for essential workers earning 60-120% of Area Median Income, using a CSCDA bond-financed public-private partnership model in California and expanding to other Western U.S. markets.

Ownership category

akta.pro rank

Product category

Workforce Housing Real Estate Investment & Management

NAICS

Residential Property Managers (531311), Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable & Public Housing Asset Management (BPAJAMAI)

akta.pro secondary industries

Mortgage Revenue Bond (MRB) & Public Housing Bond Programs (FSALAKAG), Affordable Housing Property Management (BPAJAGAJ)

Keywords

• Workforce housing
• Multifamily acquisitions
• Asset management services
• Public-private partnerships
• Affordable housing conversion

Headquarters

HQ city

Danville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Asset Management Fees: OHG acts as asset manager for properties owned by CSCDA and other public entities, earning fees for managing acquisitions, operations, and asset performance. The company also derives value from acquisition and development activities conducted through its affiliate Blake Griggs Properties.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Opportunity Housing Group acquires institutional-size market-rate multifamily properties (100-600+ units) and converts them to workforce housing through a tax-exempt municipal bond financing structure issued by the California Statewide Communities Development Authority (CSCDA). The company acts as asset manager and administrator for these properties, setting rents at discounted levels (60-120% of Area Median Income) for qualified middle-income essential workers such as teachers, nurses, and first responders.

Product overview

Opportunity Housing Group (OHG) is a real estate investment and services company, not a technology product company. It does not offer software products, platforms, or modules. OHG's business is workforce housing acquisition and conversion — it acquires market-rate multifamily properties through public-private partnerships with the California Statewide Communities Development Authority (CSCDA) and converts them to workforce/middle-income housing by reducing rents for qualified tenants (teachers, first responders, essential workers earning 60%-120% of Area Median Income). OHG acts as asset manager and administrator for these properties. Its affiliate is Blake Griggs Properties. The company has no named software products, SaaS offerings, or technology modules.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Rent savings of $200-$850 per month for qualified tenants
• +4 more outcomes

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

Partnerships

Five partnerships are on record, tiered core and minor.

• California Statewide Communities Development Authority (CSCDA)coreStrategic or Co-development Partner · 1 January 2020CSCDA is a joint powers authority sponsored by the California State Association of Counties and League of California Cities. CSCDA issues tax-exempt bonds to fund acquisition of apartment properties which are then preserved as workforce housing for middle-income families. OHG acts as Administrator/asset manager for properties acquired through this partnership. In 2021, the partnership completed 6 acquisitions totaling over $900 million across Northern and Southern California. The portfolio spans 1,600 units.
• Blake Griggs Properties (BGP)coreStrategic or Co-development PartnerOHG is an affiliate of Blake Griggs Properties, a private real estate investment, development and services company. BGP was launched in 2012 and has over $1.4 billion in investment across multiple property types. OHG was founded by BGP principals Brad Blake, Brad Griggs, and Lauren Seaver. BGP has developed over $4.8 billion in real estate including multifamily, extended-stay hotels, retail, and for-sale homes.
• GreystarminorImplementation/ SI/ Consulting PartnerListed as a strategic partner and best-in-class operator. Greystar is a national multifamily operator that assists with property operations for workforce housing acquisitions.
• Sares Regis Multifamily FundsminorOthersSold Park Crossing Apartments (200 units, Fairfield, CA) to CSCDA/OHG partnership for $83.5 million in December 2021.
• Gemdale Properties and InvestmentminorStrategic or Co-development PartnerChinese real estate company (affiliate of Gemdale Corp.) that partnered with Blake Griggs Properties on The Blake development in Berkeley - an 84-unit apartment project near UC Berkeley with rooftop solar panels.

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/quattro-realty-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Opportunity Housing Group, LLC