Rick is President of The Dishnica Company, LLC. The Dishnica Company was formed in 1999 to pursue his individual investment goals, to develop infill housing both for-rent and for-sale in the San Francisco Bay Area, and to provide real estate and management consulting services to the real estate industry. Most of his work has been in the entitlement and development of residential properties in the San Francisco Bay Area for his own account and as a consultant. From 2008-2012 he has focused his activities in providing workout consulting services for two major clients, a residential developer and a real estate lender. In 2012 he has refocused his consulting practice to build housing with a San Francisco based housing developer.
Rick was an Executive Vice President and the Chief Operating Officer of American Apartment Communities, a privately held REIT from 1994 through March 31, 1999, with responsibility for all apartment operations, development and rehabilitation. Until its merger with United Dominion Realty Trust on December 7, 1998, American Apartment Communities owned and managed directly or through subsidiaries in this portfolio, 54 apartment communities containing a total of 14,141 units in nine states (Ohio, Indiana, Michigan, Kentucky, California, Oregon, Washington, Colorado, and Florida). The total asset value as of the date of the merger was $787 million. Another portfolio containing an additional 4,000 units was retained to continue the business of American Apartment Communities.
Since 1982, he was also an Executive Vice President of the Klingbeil Company, predecessor to American Apartment Communities, with operating responsibilities for the Western United States. During this period he was directly responsible for the development of 304 apartment units in San Francisco on the site of the former Winterland Auditorium. In addition he was involved in developing three other apartment projects comprising 1,012 units in the San Francisco Bay Area. He was responsible for obtaining lower floater tax–exempt bond financing for all of these projects, a new financing technique for financing apartments in the 80’s. All of these projects were in infill locations. During the period 1989-1993, he also served as the Chief Financial Officer and Chief Operating Officer of K/W Realty Group, a Klingbeil-affiliated company in the for-sale housing business. His role in this company included overseeing the joint venture development of 42 subdivisions with over 4,000 units of housing for-sale most of which were located in 3 major metropolitan markets.
From 1980 to 1982, Rick was a principal of Comstock Ventures Limited, a real estate venture capital company. From 1978 to 1980 he was Vice President of Fox and Carskadon Financial Corporation where he was responsible for the solicitation, analysis, negotiation, and management of real estate development joint ventures. From 1973 to 1978, he was an Assistant Vice President with Union Bank in San Francisco, California, with responsibility in the areas of commercial lending, real estate construction lending, and loan workouts. Prior to his employment with Union Bank, he served as an officer in the U.S. Navy achieving the rank of Lieutenant with assignments in Vietnam and as the Officer-in-Charge of a minesweeper. Rick received his Masters in Business Administration from the University of Southern California in 1974 and his BS degree from Ohio State University in 1968.
Rick is a Trustee of The Urban Land Institute. He is Vice Chair for Councils and serves on the ULI Operating Committee and on the Advisory Board of the ULI Rose Center for Public Leadership. He is also a member of the ULI Multi-Family Residential Council (Blue) and was its Past Chair. He is also Chair of the Governance Committee and past Chair of the ULI San Francisco District Council. He is also a member, and was a Director of the National Multi-Housing Council. He was an independent director of BlackRock Apartment Value Fund III. He is also a member of the Board of International House at UC Berkeley and serves on its House Committee. Rick served a six-year term as a member of the Board of Trustees of Children’s Hospital Foundation Oakland from 1988 through 1994, finally serving as its Treasurer and Chairman of the Investment Committee responsible for an endowment in excess of $60 million. Rick was on the Board of Trustees of Bentley School for 13 years from 1990 through 2003 and served as its President for 4 years from 1993 to 1997, during which time he was responsible for developing a high school to expand Bentley’s programs to K-12. He also served for 4 years as a Commissioner on the Berkeley Landmarks Preservation Commission from 1999 through 2003.