Bayspring

What Bayspring does

Bayspring Real Estate Partners, LLC is a private West Coast real estate investment and development firm founded in 2022 and headquartered in San Francisco with a regional office in Redondo Beach, CA. The firm pursues value-add repositioning, entitlement, and ground-up development across industrial, multifamily, mixed-use, and office asset classes in markets including the San Francisco Bay Area, Los Angeles, Seattle, Portland, Reno, Bakersfield, Sausalito, Santa Monica, and the Coachella Valley. Bayspring targets investment opportunities ranging from $5M to $200M per transaction for institutional investors, family offices, and high-net-worth individuals, and also accepts third-party development and fee entitlement engagements. Named partners (Bryce Holman, Tim Walling, Andrew Parker, Matt Howell) bring prior experience from Presidio Bay Ventures, Lincoln Property Company, Trammell Crow Company, and Equity Residential, and collectively report over $8B in executed transactions and delivery of 2,700+ multifamily units plus 3,500+ entitled units.

The platform's underlying capability is a full-cycle real estate operating stack spanning deal sourcing, underwriting, entitlement, construction coordination, asset management, and disposition, executed against a pipeline of more than 600 acres being entitled, 1.7M SF of industrial space in drawings, 1.3M SF of adaptive re-use underway, and 500+ residential units in design. Notable active and recently closed projects include the LA County General Hospital public-private partnership with Primestor and Centennial Partners (26 acres, ~1.3M SF into housing), the 455-acre Classic Club Sports District master plan in Coachella Valley, the 1.68M SF ACC Bakersfield South industrial entitlement, Riggins Court (Reno industrial), 1700 California Street and Bay Vista (mixed-use and office assets managed for Värde), The Harbors in Sausalito (116,458 SF re-entitled for 294 multifamily units), and 1824 10th Street in Santa Monica (value-add multifamily with ADUs).

Bayspring makes money through a mix of transactional and recurring streams: (1) capital appreciation, lease-up value capture, and disposition profits on assets it acquires, repositions, and develops in partnership with co-investors and lenders; (2) recurring asset management and operating-partner fees from institutional capital sources, exemplified by its mandate from Värde to manage Bay Vista (Seattle) and 1700 California Street (San Francisco); and (3) professional services fees from third-party development and entitlement engagements. The firm does not operate a software or technology product; its competitive technology is institutional execution capability, market relationships, and entitlement expertise. Go-to-market is enterprise field sales through direct outreach, broker and capital-source relationships, and a public deal-intake contact form, with marketing limited to the corporate website and a LinkedIn presence.

Name

Bayspring

Legal name

Bayspring Real Estate Partners, LLC

Website

https://bayspringre.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Bayspring Real Estate Partners is a private West Coast real estate investment and development firm serving institutional investors, family offices, and HNW individuals with $5M–$200M industrial, multifamily, mixed-use, and office deals across California, Washington, Oregon, and Nevada.

Ownership category

akta.pro rank

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, Infrastructure, Supply Chain

Revenue model

1. Real Estate Investment & Development: Bayspring generates returns through acquiring, repositioning, entitling, and developing real estate assets across the West Coast. Revenue comes from asset appreciation, lease-up strategies, and disposition profits on industrial, multifamily, mixed-use, and office properties.
2. Asset Management & Operating Partner Services: Bayspring serves as asset manager and operating partner for institutional investors (e.g., Värde on Bay Vista office tower), generating recurring management fees and performance-based compensation.
3. Third-Party Development & Fee Entitlement: Bayspring accepts third-party development and fee entitlement engagements, generating professional services revenue from development management and entitlement services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Bayspring is a full-service real estate investment and operating platform that acquires, repositions, entitles, and develops real estate assets across the West Coast in industrial, commercial, multifamily, and mixed-use asset classes. The firm targets transactions ranging from $5M to $200M, serving as investor, operator, asset manager, and operating partner for institutional capital sources, family offices, and high-net-worth individuals.

Product overview

Bayspring Real Estate Partners is a full-service real estate investment and operating platform that provides institutional-quality execution with an entrepreneurial mindset. The company operates across three core service areas: (1) Real estate investment and acquisitions in industrial, R&D, mixed-use, and multifamily sectors, (2) Value-add repositioning and entitlement services, and (3) Ground-up development and asset management. The platform manages a diverse portfolio of projects including industrial entitlements (ACC Bakersfield South with 1.68M SF), office campus repositioning (The Harbors), mixed-use developments (1700 California Street), multifamily projects (1824 10th Street, The Harbors re-entitlement for 294 units), and large-scale adaptive re-use initiatives (LA County General Hospital redevelopment). The company focuses on West Coast markets with investment criteria ranging from $5M to $200M per transaction.

Differentiator

Problem solved

Functional benefit

Brands

• Bayspring Development Partners: Joint venture entity referenced for development projects such as the 294-unit Sausalito apartment proposal.

Products and services

• Real Estate Investment & Acquisitions Acquisition of West Coast real estate assets in industrial, commercial, multifamily, and mixed-use asset classes for institutional investors, family offices, and high-net-worth individuals.
• Value-Add Repositioning Repositioning of value-add real estate assets including lease-up strategies, capital project execution, and operational improvements across the West Coast.
• Entitlement Services Real estate entitlement services including zoning approvals, master planning, and regulatory processing for large-scale West Coast developments.
• Ground-Up Development Ground-up real estate development of industrial, multifamily, mixed-use, and office projects from sourcing through disposition on the West Coast.
• Asset Management & Operating Partner Services Recurring asset management and operating partner services on behalf of institutional capital sources across the West Coast, generating management fees and performance-based compensation.
• Third-Party Development & Fee Entitlement Professional services revenue from third-party development management and fee entitlement engagements for property owners and developers.

Quantifiable outcome

• $500M+ transacted by Bayspring
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship.

• PrimestorflagshipStrategic or Co-development Partner · 1 December 2023Joint venture partnership with Primestor for the LA County General Hospital redevelopment — a public-private partnership with Los Angeles County across 26 acres in Downtown LA, including structural renovation and adaptive re-use of ~1.3M SF into housing.
• Centennial PartnersflagshipStrategic or Co-development Partner · 1 December 2023Centennial Partners and Bayspring were authorized by LA County Board of Supervisors for the Exclusive Negotiating Agreement (ENA) for the historic General Hospital and West Campus redevelopment. LA County released a Master Plan in May 2026 to transform the campus into a 'Healthy Village'.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Dune Real Estate Partners: Value-add real estate investment manager focused on complex and transitional assets. Comparable on institutional capital partnership model, asset management fee structure, and complex repositioning execution.
• The Bascom Group: Vertically integrated multifamily value-add investment firm. Comparable on multifamily repositioning, value-add strategy, West Coast portfolio orientation, and institutional co-investment partnerships.
• Page Mill Properties: Boutique San Francisco-based real estate investment and development firm. Comparable on geography, deal size ($10M-$100M range), and entitlement-driven industrial/multifamily value-add strategy.
• Hackman Capital Partners: Specialized industrial and value-add real estate investor with West Coast operations. Compares on asset class mix (R&D/industrial), small-to-mid deal size ($5M-$200M range), and value-add repositioning focus.
• DivcoWest: West Coast-focused real estate investment and development firm based in San Francisco. Strong comparable on geography, institutional capital partnership model, and science/life-suffice and creative-office repositioning.
• Carmel Partners: Boutique multifamily value-add investment and development firm with West Coast concentration. Comparable in multifamily focus, entitlement-led repositioning, and partnership-based deal execution.
• Presidio Bay Ventures: San Francisco-based real estate investment and development firm. Direct comparable — founding partner Bryce Holman's prior shop, focused on entitlement-driven development across West Coast asset classes including multifamily and mixed-use.

Broad incumbents

• Trammell Crow Company: National commercial real estate developer. Founding partner Andrew Parker previously served as SVP here; competes for institutional development mandates across industrial, multifamily, and office asset classes.
• Greystar Real Estate Partners: Largest US multifamily and rental housing investment manager. Overlaps on multifamily development and asset management mandates across West Coast metros; broader incumbent vs. Bayspring's boutique positioning.
• Lincoln Property Company: National commercial real estate investment and development firm. Two Bayspring partners (Tim Walling, Matt Howell) previously led Northern California / development operations here; competes broadly for value-add, office, and mixed-use mandates across Bayspring's same geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bayspring-real-estate-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Bayspring