Their conviction was that San Francisco wasn’t dead, but struggling — with problems they believed Lurie could rapidly fix. They began raising capital ahead of his campaign and have deployed almost all of it, $75 million, in just the last 15 months.
“Forget blood in the streets,” Raskin joked — a reference to a popular investment maxim. “We bought when there was feces in the street.”
Jacobs is from a family of real estate investors, but had first focused on finance at Goldman Sachs, then later as a Warren Buffett analyst, picked after writing him a fan letter.