About The Company
FNX Development is a real estate development and investment firm with a mission to create impactful housing solutions for low-income individuals and essential workers.
FNX Development is deeply rooted in Los Angeles. Our principals have been a part of the local multifamily property landscape since the 1990s. They are heavily invested in creating quality housing serving low-income households and the city's essential workforce by enhancing older properties with deferred maintenance. FNX’s principals realized that this niche provides for strong and evergreen demand that is protected from market and economic fluctuations.
FNX Development handles all aspects of real estate development, including sourcing and acquiring properties, obtaining necessary approvals, obtaining funding, managing construction, leasing and management of assets. Accredited investors have the potential to earn greater returns through non-active investment in our real estate development projects while also making a positive impact on the availability of affordable housing.
Building stronger communities through affordable housing
FNX Development's innovative development projects offer essential workers the chance to live, work, and thrive close to their loved ones and in the communities that rely on them.
Our strategies provide pathways for thousands of people to have access to affordable, high-quality housing that allows them to live, work, and thrive in the areas where they are needed most.
The FNX Development Leadership
FNX Development was founded by Hooman Ghaffari, Jason Michaels, Bentley Richards and Joumana Nasser. With a combined 80 years of experience in the commercial real estate industry, our leadership has expertise across multiple property sectors, focused on ground-up development, value-add multifamily renovations, and long-term apartment holdings. Collectively, we have completed over $1.3 billion in transactions and have overseen a portfolio of over $114 million in assets.
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