Mr. Drever steers the helm of Drever Capital Management. For over five decades, he has been a visionary leader in contrarian impact real estate investing.
His passion for redeveloping under-performing, workforce, multifamily properties in a socially and environmentally conscious manner has provided the catalyst for transforming entire neighborhoods.
Mr. Drever has always been appreciative of the friends who backed him in his first real estate venture to buy and redevelop a tired triplex on the Sausalito waterfront. This first investment yielded a quadrupling of his investors’ money.
Counter-cyclically, his former company, Drever Partners, with 18,000 units under management, was one of the earliest and largest buyers of multifamily housing during the RTC cycle. In October 1997, those assets were merged into Walden Residential Properties, a Dallas-based public REIT (NYSE), to create a $1.4 billion REIT. Following a non-compete period, Mr. Drever formed Concierge Asset Management.
Concierge merged with Crossbeam Capital, which focuses on acquiring and redeveloping challenged multifamily assets and/or their NPLs. The Company owns and manages 8,000 residential units. Mr. Drever is the largest shareholder of Crossbeam Concierge Holdings.
In addition to transforming neighborhoods through real estate investments, Mr. Drever’s philanthropic contributions include assisting charities in the United States that focus on improving the health and education of disadvantaged children. A keen horticulturist and sportsman, he enjoys biking year round and swimming in the San Francisco Bay, sans wetsuit. He is a University of Illinois finance graduate.
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