WHO WE ARE
Amplify Development Company is a vertically integrated development company focused on acquiring, entitling and building quality mixed-use projects in California and across the West Coast.
The Company’s focus begins by sourcing and acquiring premier properties in the fastest growing student housing, co-Living and multifamily markets across the West Coast. We pride ourselves on our ability to establish and maintain relationships with municipalities and key community stakeholders in the markets that we pursue, which allows us to unlock a tremendous amount of value for our development partners and investors. We are committed to delivering best-in-class product and quality of construction work product in each of the projects that we have the privilege to work on.
“It is not the strongest of the species that survives, nor the most intelligent; it is the one most adaptable to change.”
— CHARLES DARWIN
Alec is a co-founder and Managing Partner of Amplify Development Company. His vision is to develop and manage cutting edge projects across multiple sectors and product types. Alec steers company objectives by monitoring and evaluating the ever-changing market trends in multifamily and mixed-use housing, and by doing so, keeps Amplify a progressive industry leader in markets that they pursue.
Alec began his real estate career with CenterCal Properties, a shopping center and mixed-use development company which operates under a programmatic joint venture partnership with the California State Teachers Retirement System (CALSTRS). During his nine year tenure with CenterCal, Alec was responsible for sourcing, entitling, and developing retail and multifamily projects across Los Angeles, San Francisco, Portland, Seattle and Park City valued at over $500M upon stabilization.
Alec is passionate and seasoned in all facets of the property development spectrum and is committed to growing the Amplify Development Company platform into a leader in the multifamily, mixed use and student housing sector across the west coast. Alec graduated from the University of Southern California Marshall School of Business with a Bachelors of Science and concentration in Real Estate Development in 2011, which is the site of the first student housing project in the Amplify Portfolio.
Prior to co-founding Amplify Development Company, Mark Yaghoobi co-founded MPY, LLC with his brother Patrick Yaghoobi. MPY, LLC, is a multifamily development company specializing in land acquisitions and re-positioning property through creative entitlement solutions MPY’s portfolio currently holds 216 existing and pipeline multifamily units.
Mark began his real estate career in 2012 with Kearny Real Estate Company, a former subsidiary of Morgan Stanley’s Real Estate Fund. Mark underwrote value-add acquisitions ranging from $20-300M while also aiding in the management of $200M+ of commercial assets and distressed debt portfolios nationwide.
In 2013, Mark joined Starwood Capital Group, operating out of the SOFIX – Starwood Opportunity Fund, which consisted $4.2B in capital commitments. Mark was responsible for underwriting acquisitions which included development, hotels, industrial, office, and multifamily product types.
Mark worked with the portfolio and asset management team on Starwood’s $1B acquisition of the LNR portfolio.
Mark graduated in 2011 from the Marshall School of Business at University of Southern California with a Bachelors of Science in Business Administration and a concentration in Real Estate Finance.
Prior to co-founding Amplify Development Company in 2017, Patrick Yaghoobi co-founded MPY, LLC with his brother Mark Yaghoobi. At MPY, Patrick has spearheaded $10.5M of acquisitions in land and development projects including a four-parcel lot assemblage acquisition in the Warner Center, consisting of a 101-unit mixed-use multifamily development.
Patrick began his real estate career at Tallent & Associates as a licensed real estate agent, a Los Angeles based commercial brokerage. During his time at Tallent, Patrick was responsible for brokering over $15M in investment sales.
In 2014, Patrick began working as a Project Manager at FMI Development where he has managed all aspects of the entitlement process ranging from General Plan Amendments and Zone Changes to by-right projects for multifamily and retail assets.
To create value for property owners, communities and our partners by maximizing the utility and quality of the projects that we develop.
1. Sourcing and acquiring the best off-market locations.
2. Establishing the relationships with community and City stakeholders.
3. Spearheading the due diligence and design process.
4. Executing a project plan through construction close-out and project stabilization.