Rafi Properties

Rafi Properties

Collin Yip established Rafi Properties as a multi-family office based in Boston. The firm oversees real estate assets and investment activities for several families with an emphasis on long-term holdings. Yip also serves as a trustee of Boston University and on the board of the Northeast Clean Energy Council. Rafi Properties allocates across real estate, private equity, and public markets. It executes direct co-investments and SPVs alongside development partners and other family offices. Confirmed holdings include Somernova, 599 Somerville Avenue, The Chrysanthemum at 126 Salem Street, 530 Washington Street, and North End, Brookline, and Cambridge residential portfolios in Massachusetts plus a mixed-use portfolio in Hong Kong. The firm maintains exposure in North America and Asia. Investment stages center on startups with confirmed focuses on advanced materials, biotech, and ESG themes. The team operates from offices in Boston and Hong Kong. Rafi Properties supports adjacent vehicles including Somerbot and The Dojo at Somernova. In 2023 the firm received the Business Neighbor of the Year Award from the Somerville Chamber of Commerce and the Dojo received a 2023 Excellence Award from the Congress for New Urbanism. Baillie Yip previously worked at Gaw Capital Partners and Goldman Sachs and serves on the organizing committee of the Urban Land Institute Greater Bay Area Chapter. Rafi Properties maintains a hybrid structure that combines direct real estate ownership with venture-style co-investments. This model allows the firm to control physical assets while participating in company formation at Somernova and similar sites. Governance ties to Boston University and local neighborhood councils further shape project selection and community agreements.