Our Evolution

The Ravello Holdings portfolio is diverse and will continue to evolve with growing housing needs. As the evolution of housing takes shape, we are the strategic developers providing solutions. Take a dive into the juxtaposition of market conditions and our responses below:

RAVELLO RESPONSE
During this time 2010-2020:
Ravello is developing a blended model of market-rate and below market rate housing, utilizing a more traditional model. A selection of our projects are displayed on the timeline. In 2010, and having been students of the housing industry for over 30 years, we began to look for different solutions.
RAVELLO RESPONSE
Redwood
A stunning collection of 60 town-homes and apartments featuring contemporary designs in Marina del Rey, California.
MARKET CONDITIONS

Post Great Financial Crises (GFC) and the bursting of subprime mortgage securities

Bottoming out of the market and distress dominates

Buyers are hesitant due to uncertainty and GFC bruising

RAVELLO RESPONSE
Mira Las Olas and Vista Oceano Estates

A blended model of affordable for-sale housing and ocean-view estates in
Santa Barbara, California

MARKET CONDITIONS

Recovery begins as the job market improves

Large investment firms bought thousands of
single-family homes, accelerating the price rebound

MARKET CONDITIONS

Demand ≥ Supply

Inventory dropped toward 5 months

Prices rising 5–7% annually

There is a millennial surge in the market, more demand, and tight development financing

Many zipcodes are becoming exclusively ‘seller’s markets’ leaving little flexibility for individuals entering the market

MARKET CONDITIONS
Why does this matter? 

Housing supply started improving but remained far below pre-2008 levels. This underbuilding will later contribute to long-term supply shortages.

Compounding these issues, we have a very tight credit environment. There is lower tolerance for lending, higher down-payment requirements, and stronger income verification. 

MARKET CONDITIONS
Many zipcodes are becoming exclusively ‘seller’s markets’ leaving little flexibility for individuals entering the market
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The Cannery
A two-stage 78 unit condominium project in downtown Ventura, California.
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Metro 510
Located in the beautiful city of El Cerrito just outside San Francisco, this brand new 128-unit apartment complex was completed in 2017, offering both market-rate and affordable housing apartments.
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The Gallery
This 152-unit community included single family and cluster style homes and was closed out in late 2020 in Oxnard.
MARKET CONDITIONS

Demand for housing is strengthening

Unemployment fell to 3.5% (50-year low by 2019) and wages began rising

Millennials hit prime homebuying age (late 20s to mid-30s)

Mortgage rates stayed historically low (3.5–4.5%)

This is a housing structural shortage,
not a temporary one.

Homeowners are:

— Staying longer in homes
— Locked into low mortgage rates
— Building equity but not selling

MARKET CONDITIONS
Covid impacts an already tight market with fuel.
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The Response
Ravello Holdings’ response to California’s structural housing supply shortages has been practical, project-based, and focused on expanding the stock of attainable housing, especially for the missing middle. Rather than issuing broad policy prescriptions, we have focused on actively developing and financing new housing projects aimed at increasing supply where possible within California’s difficult regulatory and economic environment.
MARKET CONDITIONS

Mortgage rates collapsed and are below 3%

Trillions in stimulus packages are pumped in the market

Housing inventory collapses further as sellers pulled listings
in pandemic uncertainty

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Velo Valley
First of its kind in CA! Slated to be completed by the end of 2022, Vello Valley is a 172-unit new construction development featuring single-level, detached homes for lease in a secluded residential enclave.
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Maison’s Palmdale
Totaling 118-units, Maison’s Palmdale will bring luxury affordability to the Antelope Valley.
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Maison’s Village
With 170 thoughtfully designed homes, Maison’s Village sets a new standard for attainable luxury in the Antelope Valley.
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Vello Crossings
Lancaster’s premier for-rent community of 229 detached homes, this community focuses on a market that had been virtually ignored prior to our commitment.
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Strategic Pivot
This strategic pivot from selling homes to delivering quality, detached rental units reflects a response to California’s acute housing shortage, unaffordable ownership costs, and strong demand for long-term rentals, and it represents exactly the kind of supply expansion needed in California to provide stable, accessible housing for more residents.