S
peaker Emerita Nancy Pelosi's husband Paul has made headlines with his savvy stock trades, but a recent financial disclosure reveals another side of their portfolio: San Francisco commercial real estate. A filing shows that Paul invested between $250,000 and $500,000 in an entity acquiring the 631 Howard St. office building in SoMa, purchased by businessman Greg Flynn's partnership for $36.4 million.

    This investment is part of a larger trend of wealthy individuals like Pelosi investing in San Francisco real estate during a market downturn. Traditional lenders have pulled back from financing commercial deals, leaving room for high-net-worth individuals to step in. Paul Pelosi has also invested in another of Flynn's projects, the Huntington Hotel on Nob Hill, which is being renovated and set to reopen in 2025.

    The Pelosis' stakes in these properties represent a significant investment by a civic leader during a challenging market period. A real estate broker notes that investors like Flynn are cobbling together deals with limited financing options available. Paul Pelosi's reputation as a shrewd investor has been built on his well-timed trades of prominent tech stocks and other business ventures.

    The couple's San Francisco commercial real estate holdings also include properties such as 25 Point Lobos, which houses a Walgreens pharmacy, and several office buildings in the city. Their portfolio extends beyond San Francisco to Napa Valley vineyards, luxury resorts, and undeveloped housing tracts in Sacramento.

    A recent interest rate cut by the Federal Reserve may generate investment activity in the market, potentially offering new opportunities for consortiums looking to enter the San Francisco real estate scene.