Ramin Ghaneeian

Los Angeles Multifamily Developer @GREP_LA

[Ramin Ghaneeian @RaminGREP]

@pathfinder17m Yep, it’s in the Google link in the post

[Ramin Ghaneeian @RaminGREP]

@Multi_LA_Mark The attached isn’t. But the full res videos are in the Google drive in the post

[McDowell PSG @McdowellPSG]

Press Release: A Community in Crisis – McDowell Elementary's Heartbreaking Closure

Last week, we received devastating news: McDowell Elementary, a cherished institution owned by Cadence Education, will shut its doors in just two months—long after the school year has already begun. This abrupt and heartless decision leaves our children—some as young as infants—and our dedicated teachers in an unbearable situation. 

Who is McDowell? For nearly 50 years, McDowell Elementary and Preschool in Laguna Niguel has been a sanctuary of learning, nurturing, and growth. We are a small school that has proudly fostered generations of students with enriching programs in Art, Music, Theater, and Spanish. We have always believed that education is not just about academics but about nurturing the whole child—mind, heart, and soul.

Who is Cadence and Why is This Happening? Cadence Education, which operates over 300 schools across the U.S., is owned by Apax Partners, a New York City hedge fund managing over $80 billion in assets. Their decision to terminate our lease—set to expire in 2026—early, purely for tax savings, is nothing short of corporate greed at its worst. They even paid an early termination fee to make this happen. This decision rips apart the fabric of our school, disrupting the education of over 100 students, shattering friendships, and jeopardizing the livelihoods of teachers—some of whom have dedicated over 30 years of service to McDowell.

Local private schools and other child care centers are already full and cannot accommodate such a sudden influx of displaced students. Parents are left scrambling for alternatives with precious little time, while teachers are given no severance, no support, and no acknowledgment of their years of dedication. Cadence's response? Silence, save for a poorly worded email sent by someone far removed from the heartache they’ve caused. Even our school’s website and social media were taken down, leaving parents in the dark, only to be restored after significant backlash. And this isn't an isolated event—Cadence similarly shuttered an elementary school in Folsom, California, in 2019. https://t.co/j3SAOjjRVi

A Cautionary Tale for All Families and Staff - If you are an employee of a Cadence-owned school, beware: your job is not as secure as you might think. If you are a parent with a child enrolled in one of their schools, know that your child’s education may be abruptly interrupted with no notice—just a cold, impersonal email as warning.

A Glimmer of Hope - Another local school has generously stepped forward, offering to purchase the McDowell property and continue its operations. Yet Cadence, driven by greed, is holding the transfer of licensing hostage as a bargaining tool. This delay endangers our youngest children, as the process of obtaining state licenses is time-consuming. Cadence’s ruthless tactics put our community’s most vulnerable at risk.

We Need Your Help - Now More Than Ever we cannot let this happen without a fight. Our children’s futures hang in the balance. We urgently need the community's support to keep McDowell open and pressure Cadence to do the right thing and allow a smooth and orderly transfer, ensuring all classes can remain open through the end of the school year.

Let’s come together to protect our children and their futures. Please share this, spread the word, and tag local news outlets. Time is running out, but with your support, we can make a difference. Let’s stand up for what’s right and ensure that McDowell’s legacy continues for generations to come.

#dotherightthing #corporategreed #savemcdowell

@CadenceEdu @apax_partners @ocregister @latimes

[Ramin Ghaneeian @RaminGREP]

After a lengthy entitlement process where we defeated a city council Historic Monument designation attempt, we started construction on our 35-unit TOC project. With an A+ location, strong entitlement plan, and luxurious design - new construction can still pencil in a high interest rate environment.

https://t.co/M7qWcAamzN

@generationrep @stevenscheibe

[Traded: Los Angeles @tradedla]

LOAN
IMAGE: Ramin Ghaneeian, Gianni Novo, John Thrall & Steven Scheibe
DATE: 08/07/2024
ADDRESS: 806 North Edinburgh Avenue
MARKET: West Hollywood
ASSET TYPE: Multifamily ~ UNITS: 35 ~ SF: 34,171

LENDER: Popp...

View Post on Traded:https://t.co/G1k0Q0IKoZ

[Traded: Los Angeles @tradedla]

LOAN
IMAGE: Ramin Ghaneeian, Gianni Novo, John Thrall & Steven Scheibe
DATE: 08/07/2024
ADDRESS: 806 North Edinburgh Avenue
MARKET: West Hollywood
ASSET TYPE: Multifamily ~ UNITS: 35 ~ SF: 34,171

LENDER: Popp...

View Post on Traded:https://t.co/G1k0Q0IKoZ

[Ramin Ghaneeian @RaminGREP]

We broke ground on our 44-unit ED1 project at 11418 Missouri Ave-Sands off Sawtelle. Construction will be 4 stories of Type V over a slab on grade. At kickoff, Sands off Sawtelle is one of the few 100% affordable projects to break ground in a high-resource neighborhood.

[Ramin Ghaneeian @RaminGREP]

@khzny RUBS

[Ramin Ghaneeian @RaminGREP]

https://t.co/VOyIAWUvBa

[Ramin Ghaneeian @RaminGREP]

Los Angeles accepted a CEQA appeal on a 100% ED1 affordable housing project that is statutorily exempt from CEQA.

Trust in our institutions is what gave us the confidence to invest. When that trust erodes, there is less investment.

The Real Deal covered the story as well: https://t.co/iiJmr4SUOB

[Ramin Ghaneeian @RaminGREP]

Mayor Karen Bass told real estate developers, via ED1, that 100% affordable housing projects are statutorily exempt from CEQA.

So, our team invested in land and design to get a 100% affordable housing project approved. The approval letter reiterated that the project was statutorily exempt from CEQA.

One week later, the city accepted a CEQA appeal for this project.

To date, I've yet to see Karen Bass' team do a single thing about it.

This project had no tenant displacement, is in a neighborhood with other infill apartment buildings of similar height, and is on a lot zoned for multifamily.

To be clear, our team WOULD NOT have invested in this land/project if not for Mayor Karen Bass' promise.

https://t.co/K4T3gfYZ5Y

@GavinNewsom @California_HCD @LAist

[Ramin Ghaneeian @RaminGREP]

@LAMultiBroker We’ve spoken to some family offices that have left LA.

[Ramin Ghaneeian @RaminGREP]

@sam_d_1995 Correct. Gavin Newsome even discussed this on the recent Bill Maher episode.

[Ramin Ghaneeian @RaminGREP]

Mayor Karen Bass told real estate developers, via ED1, that 100% affordable housing projects are statutorily exempt from CEQA.

So, our team invested in land and design to get a 100% affordable housing project approved. The approval letter reiterated that the project was statutorily exempt from CEQA.

One week later, the city accepted a CEQA appeal for this project.

To date, I've yet to see Karen Bass' team do a single thing about it.

This project had no tenant displacement, is in a neighborhood with other infill apartment buildings of similar height, and is on a lot zoned for multifamily.

To be clear, our team WOULD NOT have invested in this land/project if not for Mayor Karen Bass' promise.

https://t.co/K4T3gfYZ5Y

@GavinNewsom @California_HCD @LAist

[Ramin Ghaneeian @RaminGREP]

@Real__State Yes 100%. Litigation is long, costly, and uncertain though.

[Ramin Ghaneeian @RaminGREP]

@AdamRackis @GavinNewsom @California_HCD @MayorOfLA look at what is happening to our state!

[Ramin Ghaneeian @RaminGREP]

@archibaldcrane Neighbor

[Ramin Ghaneeian @RaminGREP]

@CRELeasingLawTX @rohindhar That CEQA appeals are not allowed for this type of project.

[Ramin Ghaneeian @RaminGREP]

@3Sentinel4 @jakehalloran1 project wouldn't pencil

[Ramin Ghaneeian @RaminGREP]

https://t.co/NN2TTWstzG

[Steven Scheibe @stevenscheibe]

We’ve been receiving a lot of calls lately about our ED1 project being appealed. ⁦@LAist⁩ recently asked to meet with us to discuss what happened and what our expectations are now that an appeal has been accepted. https://t.co/TOie0Z06V4

[Ramin Ghaneeian @RaminGREP]

@jspujji Send!