Kevin Saavedra has more than 22 experience years in real estate, including working on the principal side for renowned players such as Morgan Stanley’s Investment Banking and Merchant Banking Groups and Rockwood Capital. In 2012 he founded Seventh Wave Investment Partners, a San Francisco based investment management and advisory firm serving institutional and private clients. He is currently involved in several interesting endeavors including a portfolio of income-restricted apartment complexes, a handful of cannabis real estate projects, and an ethnic retail initiative in partnership with a Latino grocery company in Southern California. “The cannabis projects are bizarre. I am enjoying learning about the industry and engaging a broad range of characters,” said Saavedra. “The ethnic grocery initiative is a personal passion. I have been pushing it for years and I think I know how to make it happen.” He indicated that the transition to the cannabis opportunities occurred organically (pun intended) as the result of an introduction that lead to another introduction and took him down his current path. “I genuinely enjoy what I’m doing,” he said.
Saavedra, who became actively involved in NAIOP relatively late in his career, joined the Chapter board in 2009. He was working for Morgan Stanley, at the time asset managing a large number of office buildings that comprised about 30% of the Class A office space in San Francisco, so it made sense to him when he was invited. What happened next is a great NAIOP success story. Then-president Terry Daly asked him to lead the effort to launch an education program, the Young Professionals Group (YPG) that had been conceived in the Southern California Chapter and had been highly successful. “I said yes, and this has turned out to be the most enjoyable thing I have ever done in my career. Without question,” confided Saavedra. “It took a lot of time and effort. The program we created is a thriving program and seems to engage young talent in extremely meaningful ways. I am very happy with the result.” As for his advice to young people getting into the business: “Listen more and talk less, make a real connection with people (peers as well as senior professionals), get a mentor, and learn Argus.”
On the personal side, Saavedra’s top passion are his two children: his son Jack, who he will deliver to Cal Poly, San Luis Obispo to start his freshman year this week, is 18 and his daughter Tori is almost 15. Additionally, Kevin can frequently be found playing and listening to music (he is an accomplished trumpeter who played lead in UCLA’s jazz band and still jams frequently) “I also love volunteering for organizations where I think my involvement can make a difference”, he said. “All that, and golf.” BOARD BIO