John Protopappas: Building a Value-Add Portfolio from the Ground Up

In this episode, Bruce Bean sits down with John Protopappas, one of Oakland’s most prolific real estate developers, to unpack a 40-year journey in value-add multifamily development and adaptive reuse. John shares how a single fourplex in East Oakland launched what would become a $750 million real estate portfolio across multiple U.S. markets.

He walks us through his early deals, like converting a 1925 historic building and turning a West Oakland warehouse into loft apartments—both of which are still in his company’s portfolio today. John discusses strategic expansion into cities like Portland, Kansas City, and Salt Lake City, all while maintaining a laser focus on value and investor returns.

You’ll also hear how John’s real estate philosophy blends creativity, timing, and staying power—and why he’s currently buying newer multifamily assets well below replacement cost. John also talks about founding Housing Providers of America and his legal pushback on pandemic-era eviction laws.

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