Overview

Founded in 2011, Golden Bee Properties is a full-service real estate asset management firm that invests in workforce housing across Southern California and Southern Nevada. The firm invests in areas with strong job growth and specializes in working with housing assistance providers to meet the needs of today’s urban workforce. With approximately $150 million of real estate currently under managem...read more

investor capital managed

$22,427,765

Principal Experience

10 Years

Real Estate Experience

45 Years

Investment Programs Offered

Opportunity Zone Fund, 1031 Exchange, Close-Ended Fund, Joint Venture

Property Types

Multifamily, Single Family

Regions

West

Strategies Employed

CRE Acquisition

Risk Profile

Value Add, Core Plus, Opportunistic

Primary Markets

Los Angeles-Long Beach-Anaheim, CA, Las Vegas-Henderson-Paradise, NV, Riverside-San Bernardino-Ontario, CA, Bakersfield, CA

Track record

90 investments · 90 assets

InvestmentTypeInception DateInvestment AmountRealization DateTotal ProceedsRealized IRRRealized Equity Multiply
11th Ave #2
Direct Real Estate
01/01/2020
$1,750,000
--
--
--
--
Myrtle
Direct Real Estate
01/01/2020
$3,200,000
--
--
--
--
Pine 3
Direct Real Estate
01/01/2020
$4,650,000
--
--
--
--
Pine 4
Direct Real Estate
01/01/2020
$3,900,000
--
--
--
--
Hauser
Direct Real Estate
12/12/2018
$2,625,000
--
--
--
--
Doolittle
Direct Real Estate
01/01/2021
$8,000,000
--
--
--
--
52nd
Direct Real Estate
12/23/2016
$800,000
03/21/2018
$1,075,000
46.49%
2.15x
Commonwealth
Direct Real Estate
12/30/2014
$225,000
06/10/2020
$1,200,000
57.81%
15.44x
Doby Peak
Direct Real Estate
01/01/2012
$49,500
12/31/2014
$130,000
153.39%
6.42x
Hoover
Direct Real Estate
12/30/2014
$625,000
06/10/2020
$6,200,000
76.98%
4x

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Active investment summary

Amount of Active Investments

$105,140,500

Co-invested Capital

$4,401,022

Realized investments summary

Amount of Realized Investments

$111,329,400

Average IRR

67.45%

Average Equity Multiple

4.03x

Average Hold Period

31 months

Investments by property type

MultifamilySingle FamilyLand012

Multifamily

88.09%

Single Family

11.59%

Land

0.32%

Total

100%

Team

David Berneman

Founder and Chief Executive Officer

 · 2011 - Present

David is the founder and Chief Executive Officer of Golden Bee Properties, overseeing the acquisition and asset management of the real estate portfolio, managing the investment, property management an...read more
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Isaac Berneman

Chairman

 · 2011 - Present

Isaac is the Chairman of Golden Bee Properties, serving in an advisory capacity for all legal and contractual matters, as well as consulting on the business's strategic growth efforts including prospe...read more
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Jonathan Zadok

Chief Development Officer

 · 2018 - Present

Jonathan is the Chief Development Officer of Golden Bee Properties, overseeing the company's real estate development efforts, working alongside his partners and third parties to direct all constructio...read more
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