Neveo Mosser leads a fascinating second generation family business that operates mostly in the multifamily space. His father founded the company in the 1960s; they have owned many of their generational assets now for decades. Mosser specializes in owning and managing rent stabilized apartments in the Bay Area and now also in Southern California. Mosser is one of a handful of sharpshooter companies that operate in this niche in the business.
As he will explain, there are two sides of the Mosser business: the owner-operator side and a relatively new business, Mosser Capital, which invests in this asset class for third party capital. Neveo and Matt discuss the dynamics and drivers of his business, how they have fared through COVID in San Francisco, a market that overall saw some of the largest rent drops in the country, and the dynamics of his career path as a second generation business leader.
For more than 30 years at Mosser Companies, Neveo has developed a deep expertise in investing and property management in the multifamily and hospitality sectors, including acquisitions, turn-around projects, workforce housing unit renovations, capital improvement projects, and repositioning value-add and distressed assets. At Mosser Capital, Neveo has led and contributed to all facets of the company, including strategic vision, developing new capital partner relationships, acquisitions, recapitalizations, dispositions, geographic expansion, and asset management.
He is a past president of the San Francisco Apartment Association and the Coalition For Better Housing, two leading organizations representing apartment owners in the San Francisco Bay Area. He continues to serve both the San Francisco Apartment Association as well as the Coalition for Better Housing as a member of the executive board of directors and The Oakland Jobs and Housing Coalition. He was also a member of the executive board of directors for the California Apartment Association. For over 20 years, he served as a Commissioner on the San Francisco Residential Rent Board, under Mayors Willie Brown, Gavin Newsome, Ed Lee and London Breed. Additionally, Neveo is a member of the iREOC Board of Governors and University of California Berkeley Fisher Center Policy Advisory Board. He has served on the board of directors for the African American Cultural Center, The Tenderloin Museum, and the SF YMCA.