Home2020-10-27T14:42:30-04:00

Space Investment Partners

is an entrepreneurial real estate investment, development, and management company with both short and long-term capital.

Welcome to Space Investment Partners

Space has both short and long-term capital. Space focuses on value-add and core-plus return profiles.  We target multifamily, urban office and select retail investments from $15 to $200 million.

Strategic Investment Approach

Space Utilizes Both a Top Down and Bottom Up Approach to Analyze Real Estate Investments.

From the bottom up we analyze market fundamentals

From the top down we evaluate broad economic drivers of a given market

Space focuses on value-add and core plus investments in locations with strong STEM (Science, Technology, Engineering, and Math) talent pools and/or proximity to major universities with strong STEM programs. We invest across three major real estate product types (office, multi-family, and select retail) and seek opportunities to create value through active asset management.

Our Investment Themes

01 THEME


Assets That Have Millennial Appeal

  • By 2020, Millennials will comprise at least 50% of the workforce
  • Millennials will be responsible for decisions on real estate locations and properties
  • Downstream buyers will need to see demonstrated demand from Millennials

02 THEME


Markets With High Concentrations of STEM Talent

  • STEM jobs are growing at a much faster rate than non-STEM jobs
  • Most of the fastest growing sectors in the U.S. are and will continue to be tech related
  • STEM business growth is driving need for additional space and increasing rents

03 THEME


Urban and Highly Amenitized Transit Oriented Locations

  • Highly amenitized assets help attract and retain talented workers, meaning lower vacancy rates and higher rents
  • Transit oriented assets have higher demand especially as urban locations get more densely populated
  • Clusters of talent in these markets support creative collaboration and attract more talent, creating a virtuous cycle

04 THEME


Assets With Durable Cash Flows

  • Assets with lower volatility in cash flow tend to perform better over time
  • Low capital expenditures and re-tenanting costs
  • Focus on tenants with strong credit

05 THEME


Assets That Have Institutional Investor Appeal

  • Assets with institutional appeal have a larger buyer pool on exit providing better exit optionality
  • Demonstrated demand from institutional buyers provides higher liquidity throughout the hold period for both debt and equity and lower cap rates

06 THEME


Below Replacement Cost

  • Provides an inherent hedge against new competition
  • Provides additional flexibility to business plans
  • New products typically sets new high watermark for rents and basis providing strong comparable sale metrics

Acquisition Criteria

Value-Add

Core Plus

Our Portfolio

Meet Our Team

The team has over 65 years of experience investing in commercial real estate and have completed transactions totaling over $17 billion of office, retail, industrial and multifamily.

Mark Moshayedi

Co-Founder / Managing Partner

Irvine, CA

Mark is a serial entrepreneur who has spent his career starting and growing successful companies. Over his career Mark created hundreds of millions of dollars in enterprise value through companies he has built. Mark successfully started companies involved in technology, real estate, travel, and vintage cars.

Currently, Mark is the founder and CEO of MSM Global Ventures, a privately held real-estate investment and venture capital company based in Newport Beach, California. Mark uses his leadership and extensive business experience to manage, develop, and expand the company’s portfolio. In addition, Mark serves as a director of Bookingpal, a cloud based travel and technology company providing a global distribution system and a centralized booking platform for vacation rental properties. Mark is also a car aficionado and expert, owning one of the most valuable vintage car collections in Southern California.

Mark graduated with a B.S. in Electrical Engineering from the University of California, Irvine and an M.B.A. from Pepperdine University. Combining his expertise in technology, engineering, and business, Mark cofounded STEC Inc., formerly known as SimpleTech, and served as it’s Chief Executive Officer in 2013 before its sale to HGST for $340M. During his 21 years at STEC, he invented more than 50 patents and was instrumental for the development of its revolutionary enterprise, solid state storage products.

When Mark is not focused on his business endeavors, he and his wife Semira engage in philanthropic activities through the Mark and Semira Moshayedi Family Foundation with special interest in education, medicine, and research.

Ryan Gallagher

Co-Founder / Managing Partner

Irvine, CA

Ryan has 21 years of experience in commercial real estate. Prior to starting Space, Ryan spent eight and a half years as a Senior Managing Director and Co-Head of the Orange County Office at HFF. While at HFF he was responsible for leading the firm’s investment sale efforts in Southern California for office product and overseeing the firm’s investment sale practice for office, retail, industrial, and net lease product in Orange County. Ryan was also part of the firm’s Leadership Team, and a standing member on the National Presentation Team which deals with the firm’s largest and most high-profile assignments.

Prior to HFF, Ryan spent nine years at Grubb and Ellis as a Senior Vice President in the firm’s Institutional Investment Group where he led a nationally ranked team that specialized in institutional investment sales in the Western U.S. Prior to Grubb and Ellis, Ryan worked at Deutsche Bank/RREEF assisting in the portfolio management of a twenty million square foot office and industrial portfolio in the Southwestern U.S. Ryan was responsible for portfolio underwriting, and assisted with overall portfolio strategy.

Over his career as an advisor, Ryan has executed on over $16 Billion (USD) of commercial real estate in office, retail, industrial, and mixed-use transactions representing high net worth individuals, fortune 100 companies, and top tier real estate investment funds including: AEW, American Realty Advisors, Bank of America, Blackrock, Blackstone, CalPERS, CalSTRS, Carlye, Fidelity Investments, General Electric, Goldman Sachs, Kilroy REIT, Mass Mutual, Manulife, MetLife, Prudential, Rockwood, TIAA-CREF and US Bank, Wells Fargo, and Zurich Insurance.

Mr. Gallagher obtained a B.A. in Finance from James Madison University. His current affiliations include: Board of Directors University of California Irvine Real Estate School, Founding Member and Board of Directors of the CHLA Heart Ambassadors, Board of Directors NAIOP SoCal Chapter.

Pierce Stemler

Property Manager

Newport Beach, CA

Pierce began his career with Tiarna Real Estate Services working in property management at various commercial properties located in Southern California. He subsequently moved to Boston and joined CBRE New England, where he managed the day to day operations of nearly 900,000 square feet of office space throughout the Boston area.

Upon his return to Southern California he joined Space Investment Partners where is he responsible for the day to day operations of the commercial properties and a marina including leasing, tenant satisfaction, maintenance and capital improvements.

Pierce graduated from DePauw University where he majored in Economics, played varsity tennis and was part of several study groups including one in Asia. Pierce is an avid competitive sailor and resides in Newport Beach.

Connect With Us

We welcome the opportunity to meet your in person, or via the web!