Business Details
33 Years
experience
Expert Multifamily Real Estate Investment Services
Stonesfair is a private real estate investment and management firm with over 75 combined years of experience in multifamily property acquisitions, financing, and operations. Since our founding in 1993, we have grown to manage over $450 million in assets while maintaining a hands-on approach to property management and investor relations. Our team specializes in identifying value-add opportunities within a 2.5-hour radius of our Burlingame, California headquarters, ensuring direct oversight of all properties. We distinguish ourselves through rigorous due diligence completed in as little as 10 days, transparent decision-making with only two executive stakeholders, and a proven track record of delivering 35% average annual returns to investors. Our vertically integrated model combines Stonesfair Financial Corporation's acquisition expertise with Stonesfair Management LLC's operational excellence, creating synergies that enhance property performance and resident satisfaction.With a focus on long-term value creation rather than short-term gains, we have maintained ownership of flagship properties for decades, exemplified by a 27-year holding period yielding 16x investor returns. Our leadership team, led by industry veterans Karl Bakhtiari and Maryann Fair, leverages decades of local market knowledge and lender relationships to execute strategic acquisitions and optimize asset value. We invest alongside our clients as the largest capital contributor in every deal, aligning our interests with investor success. This commitment to partnership, combined with our operational efficiencies and market expertise, has established Stonesfair as a trusted leader in California's multifamily real estate sector.
Services
Real Estate Investment
Property Management
Acquisition Analysis
Asset Management
Investor Relations
Details
- Year established: 1993
Highlights and features
- We maintain 75+ combined years of multifamily real estate experience since 1993
- Our team completes thorough due diligence in as little as 10 days
- We invest alongside clients as the largest capital contributor in every deal
- Our vertically integrated model ensures coordinated asset and property management
- We deliver 35% average annual returns with long-term investment strategies
What people say
35% average annual returns
Hands-on management approach
Long-term investment success
Excellent resident service
Proven track record
Services
Real Estate Investment
We identify and acquire multifamily properties with value-add potential across Northern California. Our rigorous selection process evaluates market dynamics, cash flow projections, and long-term appreciation opportunities. With executive decision-makers available 24/7, we execute purchases swiftly while maintaining strict underwriting standards that have delivered 35% average annual returns to investors.
Property Management
Our hands-on management approach maintains property value through regular site visits and operational improvements. We implement efficiency-enhancing systems while preserving each community's unique character. This localized oversight has sustained resident satisfaction and optimized performance metrics across our 2,000+ unit portfolio.
Investor Relations
We maintain transparent communication with investors through regular performance updates and financial reporting. As principal investors in every deal, we align our interests with client success. This partnership approach has fostered long-term relationships and repeat capital commitments from satisfied investors.
People
Karl E. Bakhtiari
Founder, President and CEO
Real estate executive with 30+ years experience in multifamily investments. Former developer of Stonestown Galleria properties. Holds MBA and BS in Business Administration. Lectures at Santa Clara University and Chico State University.
Maryann E. Fair
Vice President and Secretary
Co-founder with extensive real estate development and property management expertise. Holds California Real Estate Broker License. Former Bank of America project manager. Oversees day-to-day operations and asset management strategies.
Questions
What types of properties do you invest in?
We specialize in multifamily apartment communities within Northern California, typically containing 50-350 units. We occasionally consider commercial properties when strategically aligned with our investment criteria.
How long do you typically hold investments?
Our average hold period is 8 years, though we maintain some properties for decades. The 27-year holding of Harvest Granger Apartments demonstrates our long-term value creation approach.
What sets your management approach apart?
Our vertically integrated model combines acquisition expertise with hands-on property management. This allows coordinated decision-making between Stonesfair Financial and Stonesfair Management teams for optimal asset performance.
How do you ensure investor returns?
We invest our own capital as the largest contributor in every deal, maintaining strict underwriting standards and active property oversight. This alignment of interests has produced 35% average annual returns since 1993.
Can investors visit properties?
While we prioritize resident privacy, we provide regular property reports and financial updates. Site visits by appointment may be arranged through our investor relations team.
