SAN FRANCISCO'S MOST PROLIFIC RESIDENTIAL DEVELOPER
Emerald Fund, a San Francisco based real estate development company, has successfully developed more housing projects and more housing units in San Francisco than nearly any other developer in San Francisco history. Founded in 1979, Emerald has developed 37 projects totaling over 5,500 housing units; 420,000 sq. ft. of office; 400,000 sq. ft. of retail; a 200-room luxury hotel; and over $3 billion of value. These totals include 15 ground up developments and over 3,000 housing units in neighborhoods across San Francisco. Emerald Fund specializes in dense, transit-oriented, urban infill development. Most projects also contain a mix of uses.
Emerald currently manages 1,600 apartments in the San Francisco Bay Area.
S. Osborn (Oz) Erickson, Principal
Oz Erickson founded Emerald Fund in 1979 and has been actively developing projects in the Bay Area since that time. Oz identifies new projects and is involved with the entitlements, financing, project design and sales and marketing. Oz has been recognized with many industry honors including the San Francisco Business Times’ Lifetime Achievement Award for Most Admired CEO in 2013. Oz received a BA degree from Harvard University and a MBA from Stanford University
Marc Babsin, Principal
Marc Babsin has been with Emerald Fund since 1999, managing all aspects of the development process including project identification, entitlements, securing equity and debt, project design, construction, lease up, condominium sales, and homeowner association relations. Marc is a licensed attorney (JD cum laude from Harvard Law School), a Certified Public Accountant (bronze tablet at University of Illinois) and holds a master degree in City Planning (UC Berkeley).
Tim Vrabel, Principal
Tim Vrabel joined Emerald Fund in 2006 and oversees the financial affairs of the company encompassing both development and property management activities. Tim is involved in all aspects of securing and managing debt and equity financing including from traditional banks, insurance companies, pension funds, HUD, bonds, and tax credits. Tim received a BS in Finance & International Business from Penn State University and has earned accreditation as a Certified Management Accountant and a Certified Financial Manager. He also holds a California Real Estate Broker's License.
Shane Harris, Principal
Shane Harris is the head of construction at Emerald Fund. Shane manages all aspects of the building process from schematic design through to completion of construction. Including his 15 years of commercial construction experience at Webcor Builders, Shane has been involved with the design and construction of over 2,500 residential units. Shane is a licensed contractor, a LEED Accredited Professional since 2006 and a recipient of a BS in Civil Engineering from CSU Chico.
Alastair Mactaggart, Principal
Alastair Mactaggart is the former President of Emerald Fund and was active in development from the mid-1990’s to the mid-2010s, and still owns half the firm. Currently he oversees some Emerald Fund assets held for the long-term, and invests in real estate for his own account. Alastair received BA and MBA degrees from Harvard University.
Justina Hollis, Director of Property Management
Justina Hollis joined Emerald Fund in 2015. She has over 10 years of experience in property management and development working for various organizations including Greystar Real Estate Partners and Richman Asset Management. She graduated from California State University, Sacramento, with a bachelor of arts degree in economics and is a licensed real estate salesperson in California.
Jean Tse, Director of Accounting & Controller
Jean Tse joined Emerald Fund in 1998. She has over 20 years of experience in management and accounting. She has worked in various industries including real estate, logistics, and retail. Ms. Tse holds a Bachelor of Science degree from San Francisco State University.
Emerald Fund, Inc.
The Russ Building
235 Montgomery Street, 27th Floor
San Francisco, CA 94104