Riaz Capital
Spencer Glazzy is an experienced finance professional currently serving as an Investment Associate at Riaz Capital since September 2022. Prior to this role, Spencer worked at ABP Capital as a Loan Portfolio Manager from June 2018 to September 2022, and held a finance internship at Ellie Mae in 2017. Spencer's background includes financial analysis, budget recommendations, and compliance management. Additional experience includes internships in accounting, marketing, and project management at companies such as Fidelity National Home Warranty and Colliers International. Spencer holds a Bachelor’s Degree in Finance with a minor in Information Technology Management from the University of San Diego, completed in 2018.
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.