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      <image:title>Home</image:title>
      <image:caption>Redefining apartment lifestyle in the Mission Abstract architecture reflecting the energy of the local arts community Learn More</image:caption>
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      <image:caption>Design-focused architecture in Nob Hill Handel Architects and ULD create a quintessential residential enclave. Learn More</image:caption>
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      <image:title>Strategy</image:title>
      <image:caption>Stabilized Class A single- or multi-tenant properties that are leased, operationally stabilized, and have moderate risk-adjusted returns with predictable cashflows.</image:caption>
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      <image:title>Strategy</image:title>
      <image:caption>Value-Add Requires improved management and operations, as well as rehabilitation, re-zoning, historic renovation, environmental remediation and abatement, and/or market repositioning.</image:caption>
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      <image:title>Strategy</image:title>
      <image:caption>Development Ground-up developments — including design, entitlement, and construction — that generate higher potential returns through tactical enhancement.</image:caption>
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    <lastmod>2025-09-19</lastmod>
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  <url>
    <loc>https://www.uldevelopment.com/overview</loc>
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    <lastmod>2025-09-19</lastmod>
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      <image:title>Overview</image:title>
      <image:caption>1.1 million new Bay Area jobs by 2040</image:caption>
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      <image:title>Overview</image:title>
      <image:caption>2.1 million new Bay Area residents by 2040</image:caption>
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      <image:title>Overview</image:title>
      <image:caption>660,000 new Bay Area homes by 2040</image:caption>
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    <lastmod>2025-10-08</lastmod>
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      <image:title>Portfolio - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Portfolio - 1161 Mission Street</image:title>
      <image:caption>74,000 SF · San Francisco · Office Acquired in an off-market deal in 2006. Rezoned and repositioned to form one of the first creative office concepts in San Francisco, with a side-core design, 14-foot slab-to-slab heights, and extensive windows providing abundant natural light.</image:caption>
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      <image:title>Portfolio - 142 Minna Street</image:title>
      <image:caption>12,000 SF · San Francisco · Office Purchased via an off-market transaction in 2012. Repositioned and extensively renovated to appeal to the technology market.</image:caption>
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      <image:title>Portfolio - 149 New Montgomery</image:title>
      <image:caption>77,267 SF · SoMa · Office Acquired in 2025 in partnership with TMG Partners, 149 New Montgomery is an 80,000-square-foot boutique office building at the intersection of San Francisco’s South Financial District and SOMA. The distinctive brick-and-timber building is being repositioned as a premier destination for technology, innovation, and venture capital firms.</image:caption>
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      <image:title>Portfolio - 531 Bryant Street</image:title>
      <image:caption>51,700 SF · San Francisco · Office A newly developed bespoke Class A mixed-use office building, LEED Gold certified. Designed to provide a hospitality workplace environment tailored to next-generation tenants seeking flexible, high-quality space with strong indoor-outdoor connectivity.</image:caption>
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      <image:title>Portfolio - 150 Post Street</image:title>
      <image:caption>108,167 SF · Union Square · Office Purchased in 2019. Repositioned and extensively renovated to appeal to the technology, professional services, and retail market.</image:caption>
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      <image:title>Portfolio - 321 Florida Street</image:title>
      <image:caption>134,710 SF · San Francisco · Multifamily A multifamily project in the Mission District with 169 units and an expansive rooftop lounge with an indoor and outdoor gym and 360-degree views. Centrally located across from Franklin Square Park.</image:caption>
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      <image:title>Portfolio - 1320 Washington Street</image:title>
      <image:caption>47,305 SF · San Francisco · Condominium Located atop San Francisco’s Nob Hill, the property is being developed as a 65-foot boutique residential building featuring 24 luxury residences designed by acclaimed tonychi studio in collaboration with Handel Architects.</image:caption>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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