CRC Development

About CRC Development

CRC Development is a real estate operator headquartered in Oakland, CA. CRC Development operates in San Francisco - Oakland Bay Area, California and Santa Rosa-Petaluma, California. Its investment focus is on Affordable Housing, Condominiums and Industrial.

CRC Development is an Oakland, California-based real estate development, investment, and asset management firm headquartered at 364 41st Street. Founded in 2007, the company is led by Managing Principal John Cappiello, drawing on executive leadership and development experience dating back to 1970 across California and the western United States. The firm operates through a lean organizational structure, offering an integrated platform that spans real estate development, asset management, investment syndication, brokerage, consulting, and property management. Its core competencies focus on identifying underutilized urban land, securing municipal entitlements, managing construction, and executing strategic value-add strategies across multiple property sectors. CRC Development maintains a diverse cross-sector portfolio encompassing multifamily housing, mixed-use developments, commercial properties, industrial facilities, condominium conversions, and neighborhood retail centers. Prominent milestones include the formation of three dedicated investment funds between 2009 and 2012 to acquire, rehabilitate, and manage a portfolio of 135 single-family rental homes in Oakland, alongside ongoing residential and commercial expansion projects throughout Northern California.

Principals at CRC Development