Riaz Capital
Paul DiCarlo has extensive work experience in the real estate and finance industries. Paul worked at Riaz Capital from 2012 to the present, holding various positions including Chief Investment Officer and Partner, Principal, Vice President of Acquisitions, and Asset Manager. In these roles, Paul contributed to the development and management of affordable housing projects in the Bay Area. Prior to Riaz Capital, Paul worked as an Investment Sales Analyst at Cassidy Turley in 2012. Paul also has experience at KPMG, where they started as an Intern in 2007 and progressed to roles as Senior Audit Associate and Associate. In these positions, Paul specialized in auditing and financial analysis, with a focus on equity, revenue recognition, debt, and fair value estimates.
Paul DiCarlo attended UC Santa Barbara from 2005 to 2007, where they pursued a degree in Business Economics with an Accounting Emphasis. Paul then studied at the University of California, Roma Center in 2006, focusing on History. Prior to that, they studied Finance at Santa Clara University from 2003 to 2005.
In terms of certifications, Paul obtained their Certified Public Accountant (CPA) certification from the California Board of Accountancy in November 2010. Later, in April 2016, they obtained the California Real Estate Broker certification from the State of California.
Riaz Capital
Riaz Capital is a real estate developer-operator and asset management company addressing the changing housing needs of California’s urban workforce. Our mission is to provide convenient, premium-quality, and financially accessible multifamily housing to the greatly underserved middle-income workforce segment. Our planet-friendly buildings have a low carbon footprint and high bike, walk, and transit scores, and we invest in the communities where our buildings are located. Operating in the Bay Area since 1977, our company has developed core competencies in design, development, construction management, asset management, finance, and capital markets. Supported by our strong track record of 36% IRR over 12 exited deals between 2010 and 2019, our recently closed Ozone Fund III raised $122M, surpassing our projected $100M target. We currently have over 1500 residences and ~$750 million in real estate assets under management with ~1,700 residences in the development or construction process. We aim to create a real estate asset base of over $1 billion by 2024/25 and house ~5,000 residents by 2027.