MPI Homes

About MPI Homes

MPI Homes is a real estate operator headquartered in Dallas, TX. MPI Homes operates in San Francisco - Oakland Bay Area, California. Its investment focus is on Affordable Housing, LIHTC and Multifamily - Ground-up.

MPI Homes (operating as a subsidiary of Memar Properties, Inc.) is a Berkeley, California-based real estate development, investment, and consulting firm. Founded in 2005, the firm has operated for 21 years under the leadership of Founder, President, and Chief Executive Officer Ali R. Kashani. The private enterprise operates with a dedicated team of under 10 real estate and development professionals. The enterprise specializes in site acquisition, land entitlements, value-add adaptive reuse, green building, and property management. Operating across both the private and non-profit sectors, the firm focuses on transit-oriented developments, permanent supportive housing conversions, mixed-use buildings, student housing, and affordable multi-family rentals. Project financing structures utilize Low-Income Housing Tax Credits (LIHTC), tax-exempt bonds, and California Homekey grant funding. The company's primary operational footprint targets high-density urban submarkets across Northern California, particularly within the San Francisco Bay Area and Oakland. Notable projects include the $48.4 million adaptive reuse of a 149-room hotel into 125 supportive housing units on Mandela Parkway, as well as the 109-unit Mark Twain Homes rehabilitation and construction project in Oakland.

Principals at MPI Homes