Bora Ozturk

Principal & General Partner

Bora Ozturk is a highly experienced real estate investment executive with 29 years of investment management, marketing and finance experience. He is the co-founder of March Capital Fund and has been the acting Principal since its inception.

Since co-founding March Capital, Mr. Ozturk has successfully raised all the equity for three funds without using any third-party consultants. He has shepherded these dollars into successful strategies, which have consistently returned outstanding IRRs, even during economic downturns. In addition to raising capital, Mr. Ozturk’s key functions as Principal include high involvement in acquisition, due diligence, entitlement, permitting, architectural design and contract negotiations. Furthermore, Mr. Ozturk manages a team of highly dedicated accountants, senior project managers and designers.

Prior to co-founding March Capital Fund, Mr. Ozturk began his career as a management consultant at Monitor Deloitte and as a brand manager at Unilever. He soon went on to manage 500 employees in private, retail and business banking channels at Wells Fargo.

Mr. Ozturk obtained a Bachelor of Science in Industrial Engineering from METU as well as an MBA from the Yale School of Management. He was born and raised in Turkey and fluently speaks Turkish and French. He resides in San Francisco with his wife and two wonderful children.

Yola Ozturk

Principal & General Partner

Yola Ozturk is a highly accomplished real estate executive with 19 years of experience in the industry. She is the co-founder of March Capital Management and has been the acting General Partner of March Capital Funds since their inception.

Ms. Ozturk’s functions as General Partner include being extremely hands on in all facets of the development cycle, which include but are not limited to acquisition, due diligence, debt financing, entitlement, permitting, architectural design and construction management.

Prior to co-founding March Capital Management, Ms. Ozturk was a top producing real estate agent in San Francisco. Before her successful career in selling and investing in Real Estate, she was a management consultant at Mercer Management Consulting and subsequently was head of product marketing at Fourelle Systems in Silicon Valley.

Ms. Ozturk has a BS in Electrical Engineering and MS in Computer Science from ESIB and an MBA from Yale University.

Ms. Ozturk was born and raised in Lebanon and France and fluently speaks both French and Arabic. She resides in San Francisco with her husband and two wonderful children.

Head of Development
Eduardo Sagues

Since joining March Capital in 2018, Eduardo Sagues has played an instrumental role in the growth of the firm. As VP of Development, he is highly involved in the acquisition, financing and project management of the fund’s portfolio.

Mr. Sagues oversees a team of project managers, charged with due diligence, entitlement, permitting and construction. Under his direction, his team ensures the proper execution of March Capital transactions and deals.

Mr. Sagues has over 10 years of experience in development. Prior to March Capital, he was Portfolio Director for a family office focused on hospitality real estate. In addition, he has held positions in accounting, finance and consulting.

Mr. Sagues has a BS in Business Administration from the Universidad Autonoma de Madrid, an MBA from IE Business School and a Master of Advanced Management from Yale University.

Mr. Sagues was born and raised in Spain. He lives in San Francisco with his wife and likes to golf on the weekends.

Head of Acquisitions
Tammy S. Tang

As Head of Acquisitions, Tammy leads March’s investment team and is responsible for the origination, underwriting, closing and oversight of the investments made on behalf of the company’s fund vehicles. Tammy also works with the senior management team to set the company’s investment strategy and objectives for portfolio construction and risk management.

Tammy has over 18 years of experience in the real estate and investment management industry. Most recently, she led acquisitions for real estate operators and developers in San Francisco and Boston investing in mixed-use residential, office, lab, and industrial assets across the risk spectrum valued at over $1 billion. Tammy started her career in investment research covering CMBS and asset allocation for Fidelity Investments and Putnam Investments.

Ms. Tang has an MBA in Real Estate and Finance from The Wharton School, University of Pennsylvania. She holds a BA in Economics and Government from Cornell University, as well as an experience of Study Year Abroad in Philosophy, Politics and Economics from Oxford University, Pembroke College.

Tammy lives in San Francisco with her husband and daughter. She enjoys the wine country, skiing, traveling, and reading about Warren Buffett.

Head of Finance and Accounting
Raymond Wong

Raymond Wong is responsible for March Capital’s accounting, audit and tax functions, including budgeting, finance, insurance, construction cost management, treasury services and investor reporting.

Mr. Wong brings over 27 years of accounting and finance experience to March Capital. He started his career in the audit and assurance practice at KPMG LLP within the real estate and financial service sectors—conducting audits across SEC registrants, private funds, real estate developers and joint ventures. With a focus on the real estate industry, Mr. Wong held positions at Carmel Partners, Fremont Realty Capital and Sand Hill Property Company, prior to joining March Capital.

Mr. Wong is a Certified Public Accountant in the state of California and has dual BS degrees in Accounting and Corporate Finance from San Francisco State University.

Mr. Wong was born and raised in San Francisco and is fluent in Cantonese. In his free time, he enjoys working on carpentry projects and cooking for his wife and two children.

Project Management

Senior Project Manager
Emerald Xu

Emerald joined March Capital Management in 2021 as an experienced project manager with a proven track record in the real estate industry.

Emerald’s recent experience focuses on real estate investment and most aspects of for-sale residential products and hospitality—including, but not limited—to acquisitions, entitlement, design, financing, construction management, sales and marketing.

Prior to joining March Capital Management, Emerald worked on luxury condominium development projects in San Francisco, as well as large-scale hospitality development in Napa. Previously, she was also a licensed structural engineer in New York City.

Emerald has a BS in Civil Engineering from New York University and an MS in Structural Engineering from the University of California, Berkeley.

Emerald was born and raised in southern China and is fluent in Cantonese and Mandarin. She lives in Foster City with her husband, baby boy and two dogs.

Senior Project Manager
Sheeva Hamidieh

Sheeva joined the March Capital Management team in 2017. Previously, she worked at GCI General Contractors, a San Francisco-based commercial construction company.

As a project manager at March Capital, Sheeva manages full construction lifecycles for single-family homes and multi-unit assets—including general contractor and subcontractor management as well as procurement of finishes. She also assists with post-sale warranty and asset management for multi-unit assets.

In her free time, Sheeva enjoys exploring new sites and long walks with her fiancé and their rambunctious pup.

Project Manager
Pete Gorence

Pete joined March Capital Management in September 2021, bringing a unique managerial background to the project management team. Pete’s duties as project manager range from hands-on construction management to work in acquisition, due diligence, entitlement, permitting, design and sales.

Pete began his career as a naval officer based out of San Diego. While on active duty, his passion for real estate development sparked as he witnessed a neighborhood of mostly single-family homes transition into a more densely populated mixed-use community. After leaving the Navy, Pete spent time as a project manager for Toll Brothers and a region manager for CBUSA.

Pete has a BS in English from the United States Naval Academy and an MS in Real Estate from Georgetown University. He is also a LEED-accredited professional. Pete was born and raised in New Mexico and now resides in San Francisco with his wife, dog and soon-to-be-born baby.

Project Manager
Oliver Davis

Oliver is a real estate development professional with experience in large residential and mixed-use transit-oriented developments, as well as small-scale urban infill projects. Oliver joined March Capital Management as a project manager in July 2021 and is charged with the development of a 29-unit mixed-use building in the HUB; a 48-unit mixed-use building in downtown Berkeley as well as a 99-unit project in Menlo Park.

For the past seven years, Oliver has been involved in the acquisition, design, entitlements and construction of hundreds of condo and apartment units in the San Francisco Bay area. Prior to that, Oliver oversaw the renovation of thousands of units with an Affordable Housing owner and operator in France.

Oliver has worked with entrepreneurial companies and big corporations and has brought value to clients as a real estate consultant.

Oliver hails from Paris, France, and holds an MS in Construction from Hautes Etudes d’Ingenieur (HEI) in Lille, France. Oliver lives in Berkeley with his wife and son.

Project Manager
Christopher Nalen

Christopher joined March Capital Management in 2021. As a project manager, he brings extensive experience in market rate, student, workforce and historical reuse housing projects to the team. Christopher is involved in the full lifecycle of the development process, working on acquisitions, entitlements, construction and asset stabilization.

Prior to March Capital Management, Christopher worked for Carmel Partners in their Denver, Colorado office and Riaz Capital in Oakland, California. In these roles, he worked on the execution and permitting of over 1.5 million square feet of mixed-use and multifamily properties.

Christopher has a BA in International Studies from the University of Denver. He was born and raised in Ketchum, Idaho and currently resides in San Francisco.

Project Manager
Alina Higuera

Alina came to March Capital Management in 2019 with extensive experience in high-end multifamily and single-family home development.

Alina has worked on multiple stages of the development process, from permitting and entitlements, to construction and asset management. Alina currently manages the development of a three-unit condo development project in the Marina District, San Francisco, and worked closely on the development of a couple of other multifamily developments in the March Capital Management portfolio.

Prior to March Capital Management and graduating from the University of California, Berkeley with a degree in Economics, Alina worked for a luxury single-family home builder on the Peninsula, which fueled her passion for real estate development.

Alina was born and raised in the Bay Area but currently resides in Phoenix Arizona with her husband and two dogs.

Project Manager
Enrique Asmar

Enrique joined March Capital Management as junior project manager in September 2020, with experience in real estate acquisitions and development, construction management and civil/structural engineering.

Since joining the firm, Enrique has been highly involved in key areas of the company, including acquisitions, due diligence, market research and analysis, contract negotiations, debt financing and construction management. As part of the acquisitions team, Enrique has played a pivotal role in the acquisition of all Fund IV properties, ranging from large-scale residential to industrial assets across the Bay area and the U.S. Prior to March Capital, Enrique worked as a structural engineer for Rutherford+Chekene.

Enrique obtained a BS in Civil Engineering from New Mexico State University, where he graduated as the top undergraduate from his department, and competed for four years in the NCAA Division I as part of the Men’s Tennis Team, earning multiple titles and accolades. He then obtained a MS in Structural Engineering from Stanford University in 2021.

Enrique was born and raised in Barranquilla, Colombia and speaks fluent English, French and Spanish. He currently resides in San Francisco. In his free time, he enjoys playing tennis and golf.

Project Manager | Business
Charles Lee

Charles is a serial entrepreneur within the food industry and tech e-commerce, along with 10+ years in business operations and management experience. He founded a popular açai bowl concept called Palmetto Superfoods, where Yola & Bora discovered him. Together, they opened a location in the Cow Hollow/Marina district and are now collaborating on a Parisian cafe concept at one of March Capital Management’s developments.

Charles’s other functions as a project manager also involve generating revenue for events at Webster Hall, creative strategies such as visual marketing display at a unban infill residential project in SOMA, and exploring revenue alternatives for projects involving leasing or selling.

Charles has a BS in Psychology with an emphasis in Neuroscience, and a minor in Business from the University of California, Riverside.

Charles was born and raised in San Francisco. He resides in both San Francisco and Santa Clara with his wife and newborn daughter.

Finance and Accounting

Lawrence Liu

Lawrence Liu joined March Capital Management in 2021. His primary responsibilities include oversight of the firm’s accounting operations, quarterly and annual financial reporting, cash management and tax compliance. Prior to joining the firm, Lawrence spent nine years in a leadership role within finance and accounting at a real estate investment management company.

Lawrence brings prior experience in budgeting, forecasting, and financial analysis and modeling to March Capital Management. Additionally, he spent four years in public accounting, focusing on the real estate industry.

Lawrence graduated from UC Santa Barbara with a BS in Economics with an emphasis in Accounting. He is a California licensed CPA (inactive).

Senior Fund Accountant
Matt Pons

Matt joined the March Capital Management accounting team in the fall of 2019. Since then, he has assisted with accounts payable, maintaining the books and records of the firm’s four funds, and quarterly reporting to investors. Matt also played an important role in transitioning accounting systems and implementing the March Capital Management Investor Portal.

Matt began his career as a fund accountant at State Street Bank and Trust in Sacramento and at Citco Fund Services in San Francisco. He transitioned from the fund administration side to Ironwood Capital Management as an operations associate, maintaining records and investor relations with over 13,000 investors. Matt was also an accounting manager at SNH Capital Partners, a private equity firm that invests in middle-market companies.

Matt earned a BS of Business Administration from Loyola University Chicago and is currently working toward his CPA. Matt was born and raised in Sacramento, California and currently resides in San Francisco with his wife.

Dorothy Wang

Dorothy is an accountant at March Capital Management. In her current role, she performs bank reconciliations for the firm’s four funds, prepares journal entries and maintains the general ledger.

Prior to joining the March Capital, Dorothy worked as a senior auditor at Armanino, a major public accounting firm. She served as in-charge and key staff for audit engagements of private companies in financial services, real estate and technology. In this role, she compiled and presented audit options, recommended controls, and proposed process improvements to the firm’s clients. Dorothy has extensive experience with Generally Accepted Accounting Principles (US GAAP) and other regulatory requirements.

Dorothy holds an MA in Asia Pacific Studies and a BS in Accounting and Finance from the University of San Francisco. She lives in San Francisco with her husband, and during her free time, enjoys skiing and other outdoor activities.

Asset Management

Property Manager
Esther Hong

Esther joined March Capital Management in 2021 with extensive experience in residential and commercial property management. In her role as a property manager, Esther oversees the operations of newly completed projects until pass-off to the HOA, including Fit and Finish Warranty service requests. She also manages vacation rentals in Sonoma, Truckee and commercial office spaces in Menlo Park.

Prior to March Capital Management, Esther worked for Tenderloin Housing Company in San Francisco. She was the supportive housing manager for the Hartland Hotel, a historic 135-unit single room occupancy hotel in the heart of the Tenderloin. She oversaw operations and leasing of housing for formerly homeless tenants.

Esther has a BA in Environmental Studies from the University of San Francisco. She was born and raised in Los Angeles, California, and currently resides in San Francisco.

Project Manager
Svetlana Fickes

Svetlana joined the March Capital team in 2018 as a Project Manager. In her role at March Capital, she managed full construction life cycles for single-family homes and multi-unit assets, which include general contractor and subcontractor management, procurement of finishes, permitting, and design. She also managed rental spaces of the company’s portfolio.

Svetlana was born in Russia and immigrated to Chicago in 2001. She has a Bachelor of Science in Biochemistry with a minor in Political Science from Loyola University Chicago. She currently resides in Scottsdale, AZ with her husband, son, and two cats. In her free time, she enjoys hiking, reading, and exploring new restaurants.

Executive Assistant | Junior Project Manager
Elisa Nash

Elisa is an executive support, operations and management professional. She has extensive experience managing client services, operations and a small team of professionals working for a family-owned veterinary hospital.

Ten years after graduating college, Elisa earned her MBA in August 2021 and was the project manager for a consulting firm, managing client relations and website development. She joined the March Capital team in January 2022 as an executive assistant and junior project manager.

Elisa is direct support to Bora, Yola and the March Capital Management project management team, facilitates and oversees property improvement and repair projects.

Elisa lives with her husband and two cats. Outside the office, she is an active powerlifter and boxer.

Sales and Marketing

Director of Marketing
Ruby Huang

Ruby leads March Capital Management’s marketing efforts on real estate projects and on the company level. She has a decade of experience in real estate sales and marketing, acquired from years of working for Fortune 500 real estate developers and sales marketing agencies.

Ruby has worked on various mega-developments in mixed-use, residential, hotel, commercial and life science projects. She was thoroughly immersed and participated in the full lifecycle of the development process from land acquisition, due diligence, transaction, entitlement, architectural design, pre-construction, construction, marketing and sales, HOA, condo documents set-ups and property management.

Ruby holds an MA in Mass Communication from the University of Florida. She is a Certified Google Campaign Manager and Licensed California Real Estate Salesperson. Ruby is of Mandarin Chinese origin and now resides in the Bay area with her dog.

Director of Sales
Gina Ord

Gina joined March Capital Fund in September 2021. She brings 30 years of experience in sales and marketing of urban and suburban new home developments to the team—21 years of which were on high-rise new developments.

Over the years, Gina has had direct oversight of over 70 urban high-rise projects throughout the west coast. She has vast experience managing nationally recognized sales and marketing teams of up to 65 sales directors, sales managers, sales associates, support staff, and marketing teams throughout the Bay area and western United States.

Gina excels in training and developing sales teams to increase sales volume, create targeted marketing and social media campaigns, and implement successful broker outreach programs to achieve seller sales and revenue goals. She is currently overseeing the sales efforts for a condo project in SOMA.

Sales Associate
Josh Frizzell

Josh joined March Capital Management in January 2022 and brought with him over 17 years of real estate experience. He started his career working for one of the nation’s largest homebuilders headquartered in Dallas, Texas, working on appraisal management. From there, he developed his skills and was a loan office with the same company for a brief time before transferring his skillset into the title world.

Josh was a junior escrow officer for years until moving to San Francisco in 2012. Here, he was headhunted to work in new condominium development in project coordination and sales.

Josh loves to spend time at home with his nine-year-old French Bulldog or traveling the world.

Creative and Design

Head of Creatives
Mariana Botero

Mariana joined March Capital Management in 2018 as an in-house interior designer. She joined the company with a refreshing and unique skill set. With a formal education in architecture and a keen eye for design, Mariana has brought 10+ March Capital projects of different sizes and scales to life. Prior to March Capital, Mariana had a background in hospitality, retail, and workplace design. As a passionate conceptual thinker with an international background known for exceptional interpersonal relationships, Mariana works closely with the project management team to accomplish beautiful designs within budget while ensuring each project has its own story.

In her free time, she loves art, running in nature, and learning about psychology.