Adept Urban Development

About Adept Urban Development

Adept Urban Development is a real estate operator headquartered in Pasadena, CA. Adept Urban Development operates in Los Angeles, California (LA), San Bernardino-Riverside-Ontario, California (Inland Empire) and San Jose, California. Its investment focus is on Affordable Housing, Condominiums and Multifamily - Ground-up.

Adept Urban is a vertically integrated development, architecture, and construction firm with over 35 years of experience. Its structure combines in-house architecture, engineering, construction, legal, and sales disciplines, enabling oversight from project conception through delivery. The leadership is headed by Patrick Chraghchian, founder, president, and CEO, who has more than 30 years of experience spanning design, engineering, finance, entitlement, and construction. The firm employs 100+ staff across design, construction, legal, and sales functions. Typical projects are upscale multifamily residential, commercial, retail, mixed-use developments, transit-oriented projects, office space, medical facilities, and assisted living centers. Adept consistently deploys USD 5–7 million of equity per project and by 2019 had over USD 250 million invested across six projects. Projects underway are slated for delivery through 2030.

Principals at Adept Urban Development