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Westlake Realty Group (Chang Family Office)
Westlake Realty Group traces to 1972 when T.M. Chang established the predecessor Westlake Development Company. The family built its position through direct...
Westlake Realty Group (Chang Family Office)
Westlake Realty Group traces to 1972 when T.M. Chang established the predecessor Westlake Development Company. The family built its position through direct purchases of land parcels in the San Francisco Bay Area that later anchored commercial and residential projects. William H.C. Chang now chairs the firm while his daughter Kristina C. Chang acts as CEO. The firm concentrates on real estate investment, development and private equity. Holdings span office buildings, multifamily apartments, hospitality properties, retail centers and mixed-use sites. Confirmed assets include 520 South El Camino Real in San Mateo, the Hilton Garden Inn San Jose Airport, Skyline Plaza Shopping Center in Daly City, Kirkham Heights Apartments in San Francisco and Westlake Square Hanoi in Vietnam. Activity covers North America and Asia. The firm also maintains early-stage exposure alongside its core property work. The operating team consists of five named family members who hold titles from chairman to director of property management. William H.C. Chang and Kristina C. Chang belong to YPO chapters. The family maintains the Chang Family Charitable Trust and the Chang Family Foundation. No operational events from the last 24 months appear in public records. Decision rights remain inside the family across generations. The third generation now directs acquisitions and asset management while preserving the original mandate of long-term ownership rather than periodic exits. This internal governance distinguishes the office from external-manager or fund-of-funds models.
General information
Firm type
Single Family Office
Year founded
1972
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Mateo
Corporate office
520 South El Camino Real, BSMT A, San Mateo, CA 94402, United States
Principals
T.M. Chang
Founder
Altss tracks 4 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Westlake Realty Group?
Kristina C. Chang holds the CEO title and directs day-to-day investment activity. William H.C. Chang serves as chairman and retains oversight of major commitments.
Does Westlake Realty Group participate in fund commitments or only direct deals?
The firm executes direct acquisitions and developments. Public materials do not reference commitments to external real estate or private equity funds.
What investment stages does Westlake Realty Group typically target?
Core activity centers on acquisition and development of existing and new properties. Limited early-stage exposure appears alongside the property program.
Where does the underlying wealth come from?
Wealth originated from T.M. Chang's purchases of Bay Area land parcels beginning in 1972 that were held and developed over decades.
Does Westlake Realty Group maintain philanthropic structures?
The family operates the Chang Family Charitable Trust and the Chang Family Foundation. Michael T.P. Chang is listed as co-founder of the latter.
How does Westlake Realty Group source proprietary deal flow?
Sourcing occurs through long-standing family relationships in the Bay Area and direct ownership of sites that generate follow-on opportunities.
Which sectors does Westlake Realty Group explicitly avoid?
No explicit avoidance list is published. Activity remains confined to real estate and adjacent private equity positions.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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