Then and Now
SRM was founded in 1999 to form a different kind of development company.
Driven by a shared entrepreneurial spirit and a firm belief that development wasn’t just about buildings, but about people, the team has grown the firm into one of the premier real estate, development and construction management companies on the West Coast. Over the last two decades, SRM has immersed itself in the acquisition, development, construction management and asset management of real estate projects in urban core and high-population growth markets in locations throughout the West Coast. This strategic focus—backed by smart decision-making and unwavering partner loyalty—buoyed the company through multiple real estate cycles.
Today, SRM is stronger and more focused than ever. And we see a bright future ahead.
Our Timeline
2021 In June 2021, SRM adds an Affordable Housing division focusing on West Coast opportunities and is managed by Conor Hansen.
2019 In August, SRM Development celebrates being in business for 20 years.
2018 SRM partners with Westmont Senior Living on a 199 unit project in Milpitas, CA, its largest senior project to date.
2017 SRM raises $20 million for its SRM Senior Housing Fund I to target additional senior housing development opportunities.
2016 Bryan Stone retires from SRM and Ryan Leong assumes responsibility for SRM’s finance and operational activities.
2015 SRM partners with USAA Real Estate to pursue Baxter on Broadway, a $62 million multifamily project in Oakland, CA.
After John Stone’s retirement from SRM in 2010, Trevor Ashenbrener and Ryan Leong join Jim Rivard, Dee McGonigle, and Bryan Stone as SRM principals in 2012.
SRM breaks ground on its first San Francisco Bay Area project, Merrill Gardens at Willow Glen. SRM follows up this project with five additional projects throughout the greater SF Bay Area including a mix of senior housing, multifamily, and hospitality.
2003 SRM enters into its first joint venture project with Merrill Gardens for the construction of an award winning senior housing community in the heart of Seattle’s Queen Anne neighborhood. This first project creates the foundation for additional joint venture projects throughout WA, CA, and NV.
2002 SRM acquires its first development site in downtown San Diego, the proposed Entrada Apartments. This 172 unit building is located in the East Village neighborhood of the downtown near the San Diego Padres ballpark and is quickly followed by the acquisition of two additional city blocks.