G9 DEVELOPMENT PARTNERS

G9 DEVELOPMENT is Jeffrey Greenberg and Rico Quevedo. G9 builds custom homes in the Southbay of Southern California, primarily in Manhattan Beach ranging in price from $3,000,000 to $15,000,000. G9 also has a collection of over 100 multifamily units in the Southbay and 15 luxury homes and condos in the sunny southside of Kauai Hawaii. G9 is continually expanding their collection of high end real estate and unique business ventures around the world.

Principals

Jeffrey Greenberg is a private investor based in Manhattan Beach, California. He has been involved with two active lifestyle brands that have reached billion dollar valuations (Skechers and LA Gear). Jeff was a member of the founding team at Skechers, has held a range of roles, including SVP Active Electronic Media and COO, and currently serves on the board of Skechers USA Inc. (NYSE: SKX). He also serves as a director of Househappy, Inc.

Federico Quevedo (Rico) comes with over 30 years of real estate and finance experience as a financial entrepreneur and business owner. He is a licensed RE broker in CA with his firm Turin Trade, Inc. He operates Coast Properties as the property management company that handles all day to day aspects of property management for his multifamily, custom homes and vacation rental clients. He has extensive experience in the repositioning of Multifamily real estate all over the Southbay which includes Manhattan Beach, El Segundo, Redondo Beach and Torrance with almost 100 units. He oversees the acquisition of these multifamily apartments, design and renovations, and leasing at significantly higher rental rates increasing the value and CAP rates above the norm. 

Rico has also worked as a commercial banker for over 10 years funding real estate and C&I loans over $120mm in the Los Angeles area with 1000’s of companies visited over his banking career. In early 2021, Rico started a vacation rental business in Kauai Hawaii with his capital partner acquiring over 15 luxury condos and homes in 8 months that are being repositioned and interior designed and styled by his wife Cinzia Moniaci of Moni Moni, an Italian luxury fashion brand. 

Rico is now focused on scaling a booming industry in the vacation rentals with customized vans designed by Cinzia for active lifestyles with millennials using the Airbnb of van rentals platform called Outdoorsy. He has teamed up with Jeff Greenberg once again to develop this new exciting and booming segment of their businesses they are looking to take public.  Rico resides in Manhattan Beach, CA with his wife Cinzia and daughter Chloe. For fun Rico and Cinzia enjoy writing, recording, playing and performing music live, world travel and yoga and meditation on a daily basis.

Highlights:

  • Built and sold over a dozen homes and commercial properties in Manhattan Beach with sales totaling $45mm.

  • Built a Multifamily portfolio of almost 100 units in 16 buildings worth over $50mm at a cost of $38mm through repositioning. The business generates over $2.5mm in annual rents.

  • Built a portfolio of 15 luxury condos in the south side of Kauai worth $20mm in 8 months projecting to generate $1.5 to 2mm in annual revenue.

  • Co manages additional vacation rentals in the Hudson Valley in upstate New York and in Myrtle Beach, South Carolina.

  • Manages 2 retail locations in Jersey City, New Jersey and 3 Custom Single Family Homes in Manhattan Beach.

  • Versed in all forms of loans and financial restructuring.

  • Versed in detailed financial projections and cash flow management.

  • Versed in Financial statement analysis and recommendations.

  • 30 years of home leasing experience.

  • 22 years of Multifamily leasing.

  • 15 years of repositioning real estate through major renovations

  • 15 years of home remodeling experience.

  • 10 years of construction experience building from the ground up.

  • 10 years of structuring development deals in Los Angeles.

  • 10 years of Commercial Banking experience.

  • Experience as financial advisor with startups in the Real Estate sector.

  • Was a Co-owner of the largest West Coast RV dealership in Gilroy CA with sales over $100mm annually.

  • Co-founder of G9 Development with SKX Co-founder Jeffrey Greenberg.