Publication: CoStar Group
Date: November 22, 2013
Laurence Pelosi joined Thompson Dorfman Partners LLC, (TDP) as a partner in its new division, Bay Area Partners Inc., with the onus to expand the firm’s capital market activities and new development opportunities in California.
Pelosi was most recently a director with RBC Capital Markets, where he was primarily responsible for public finance, infrastructure and public/private partnerships. Previously, he was an executive director at Morgan Stanley, where he focused on the firm’s residential investments in the western United States and was director of acquisitions at Lennar Communities. Pelosi began his career as a real estate and land use attorney in San Francisco.
“We are extremely pleased to welcome Laurence Pelosi to TDP Bay Area Partners,” said Will Thompson, co-founder of Thompson Dorfman Partners. “We know that his wealth of expertise and impressive knowledge of the capital markets and development will help us identify and create some key relationships. Our goal is to have an excess of $750 million worth of projects in the pipeline within the next three years. To accomplish this, it will be necessary for us to identify an entity level or programmatic capital partner that wants to invest in a seasoned group with an established tract record that is presently engaged in some core Bay Area developments.”
“I am excited to be joining TDP Bay Area Partners, one of the last privately-owned and independent multi-family development firms doing business in the Bay Area,” Pelosi said. “My primary objective is to source capital to fund our $750 million development pipeline on the go forward.”
Pelosi currently serves on the board of Family House, a not for profit organization providing temporary housing to families of seriously ill children receiving treatment at the University of California, San Francisco Benioff Children’s Hospital. He is a member of Lambda Alpha and the State Bar of California. Pelosi received a Bachelor’s degree from the University of California at Berkeley and a Juris Doctorate from Georgetown University Law School.
Thompson Dorfman Partners LLC is a real estate development and investment firm that focuses on multifamily residential development with an emphasis on urban in-fill and mixed use properties that are located in high growth, technology-driven markets in the western US.