Invested in performance.
Rooted in relationships.
Grounded in service.
We’re a commercial real estate investment firm based in the San Francisco Bay Area.
Grove Real Estate Partners blends institutional rigor and expertise with the agility, drive, and ownership mindset of an owner-operator. We are a relationship-driven, fiduciary-minded firm that safeguards capital with the same intensity we pursue returns.
Commercial
We acquire commercial properties that present attractive risk-return profiles and are positioned to thrive amid evolving market dynamics today–and in the future.Multifamily
We invest in well-located multifamily properties with strong demand drivers, targeting assets with steady rental income and improvement potential.
A fresh, forward-leaning approach to commercial real estate.
Grove is a multidisciplinary commercial real estate firm founded by Chris Eldemir and Beau Heidrich in 2025.
We identify attractive investment opportunities across the Bay Area, drawing on our deep market knowledge and long-standing relationships.
Sometimes we move fast on short-term opportunities when we spot them. Other times we're in it for the long haul, building around emerging trends we see taking shape. Our business plan for each asset is intentionally tailored to what each property needs to capitalize on those trends and where the market is heading.
And no matter what type of investment or time horizon, we combine rigorous analysis with first-principles thinking to break investments down to what really matters, ensuring returns align with the risk our investors—and we—are taking.
Our founders
Chris Eldemir
Managing Partner & Co-Founder
Chris Eldemir leads Grove's commercial sourcing, operating and managing strategy in addition to fundraising efforts. What drives him is building authentic partnerships that create lasting value for both investors and stakeholders.
Prior to founding Grove, Chris served as Senior Managing Director and Executive Team member at DivcoWest, where he oversaw acquisitions and asset management across the Bay Area and Pacific Northwest. During his tenure, he executed transactions representing over $4.5 billion in total capitalization. Before DivcoWest, Chris was Vice President at LoanCore Capital. At LoanCore, he originated fixed rate and floating rate debt in addition to acquiring whole loans, B-notes and mezzanine loans, gaining comprehensive expertise across the capital stack.
Chris earned his Bachelor of Arts in Economics from UCLA and resides in San Francisco with his wife and two children.
“Every detail matters. Every decision is deliberate. Every commitment to our partners is made with an unwavering sense of duty.”
— Chris
Beau Heidrich
Managing Partner & Co-Founder
Beau Heidrich leads Grove's multifamily sourcing and operating strategy in addition to overseeing firm operations. He's motivated by finding creative solutions to complex challenges that others might overlook or avoid.
Prior to founding Grove, Beau served as Managing Director on the Investments Team at DivcoWest, where he spearheaded the formation and execution of the firm's Single Family Rental platform and led acquisitions of core-plus life science assets for a major pension fund. He directed investment activities in the Pacific Northwest and oversaw financing strategy for various portfolio assets, executing transactions representing over $2.5 billion in total capitalization. Before DivcoWest, Beau worked at Eastdil Secured, focusing on investment sales, financing, and structured equity transactions.
Beau earned his Bachelor of Arts in Economics from Claremont McKenna College, where he was a four-year letterman on the men's basketball team. He resides in Woodside, California, with his wife and two children.
“Our deep network within the Bay Area allows us to source, evaluate and create enduring value in each investment we make.”
— Beau
Building on what works.
30+
35+
$5BN
in investments executed
completed transactions across a variety of asset classes, including office, residential, R&D, industrial, and life sciences
years of industry experience
These figures represent transactions completed while Grove founders were employed at previous firms
