Aaron Snegg
Founder, Co-Founding Partner & Managing Partner · Berkeley Partners
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- Title
- Founder, Co-Founding Partner & Managing Partner
- Firm
- Berkeley Partners
- Firm Type
- Private Equity / Real Estate Investment Firm
- Investment Stage
- Value-Add, Core-Plus (Real Estate); Seed Round (Angel Investments)
- Location
- Oakland, California (with offices in Dallas, TX and Boston, MA)
- AUM
- $1+ billion across multiple funds and affiliated entities
- Portfolio Size
- 11+ million square feet of light industrial real estate across 14 U.S. markets
- Latest Fund
- Berkeley Partners Value Industrial Fund VI - $610.5 million (closed September 2025)
Background
Aaron Snegg is the Founder and Managing Partner of Berkeley Partners, a vertically integrated real estate investment firm specializing in light industrial properties across the United States. Born into a real estate family, Snegg has deep roots in property investment through his family's company, Snegg & Snegg LP, where his father Mike Snegg ran the business alongside Aaron before he branched out to establish Berkeley Partners.
Snegg graduated from the University of California at Berkeley with a Bachelor of Arts degree in Political Science and Government. Following graduation, he gained early professional experience working at Workstream Inc. before returning to the family business. At Snegg & Snegg LP, his family's real estate holding company based in Grass Valley, California, Aaron held various officer positions and learned the fundamentals of real estate investment and operations from the ground up.
In 2005, at age 28, Aaron Snegg founded Berkeley Partners with a vision to build an institutional-quality platform focused on light industrial real estate. The decision to name the firm after his alma mater reflected both his California roots and his ambition to establish a professional, academic approach to industrial property investment. Over nearly two decades, Snegg has built Berkeley Partners into one of the leading operators in the light industrial space, personally overseeing the acquisition of over 21 million square feet of industrial real estate through the firm's affiliates.
Under Snegg's leadership, Berkeley Partners has evolved from a startup investment firm into a fully vertically integrated platform combining acquisition, asset management, leasing, and property operations. The firm now maintains corporate offices in Oakland, Dallas, and Boston, with dedicated property management offices in Denver, Dedham (Massachusetts), and Alpharetta (Georgia). Snegg serves as a member of the firm's Investment Committee, where he plays a central role in capital deployment decisions and strategic direction.
Beyond his real estate activities, Aaron Snegg is also active as an angel investor in early-stage technology companies. According to investment tracking data, he has deployed approximately $78.2 million across at least four angel investments, focusing primarily on seed-stage opportunities. His dual focus on real estate and technology startups reflects a diversified investment philosophy rooted in both tangible assets and high-growth innovation.
Investment Thesis & Focus
Berkeley Partners, under Aaron Snegg's leadership, employs a highly disciplined investment thesis centered on light industrial real estate in supply-constrained, demand-driven markets. The firm targets infill properties—smaller-bay industrial buildings located in urban cores and high-density submarkets where land for new development is limited and tenant demand remains consistently strong.
Real Estate Investment Strategy:
The firm's investment approach focuses on three primary asset types: last-mile warehouses (smaller-scale local and regional distribution facilities serving retail and e-commerce), small-bay business parks (multi-tenant buildings providing office, industrial, and R&D space), and low-coverage industrial outdoor storage sites (facilities with truck docking for contractors, utilities, and other industrial users). Berkeley Partners seeks properties in markets where these types of essential tenant infrastructure play a critical role in local economies.
Aaron Snegg's philosophy emphasizes the durability and stability of light industrial real estate, which tends to exhibit lower volatility compared to other commercial real estate sectors. The firm pursues value-add and core-plus strategies, acquiring properties with repositioning opportunities and implementing operational improvements to drive returns. Berkeley Partners' vertically integrated platform allows the team to control the entire value chain—from acquisition and financing through leasing, property management, and eventual disposition.
The firm targets 14 U.S. markets, focusing on fast-growing cities and gateway markets where demographic trends, economic growth, and e-commerce adoption support strong fundamentals for industrial real estate. Berkeley Partners typically invests through closed-end commingled funds and separate accounts tailored to institutional investors, including pensions, endowments, foundations, consultants, wealth managers, and family offices.
Angel Investment Strategy:
In his capacity as an angel investor, Aaron Snegg focuses on seed-stage technology companies, deploying capital into early-stage startups with high-growth potential. While specific portfolio companies are not extensively publicized, his investment activity suggests a focus on companies that can benefit from his operational expertise, network, and long-term capital.
Notable Investments
- Berkeley Partners Value Industrial Fund VI – Closed at $610.5 million in September 2025, exceeding the original $500 million target. The fund targets value-add opportunities in infill light industrial properties across select U.S. markets and was already over 30% deployed at close with a portfolio of seed assets.
- Berkeley Partners Value Industrial Fund V – A $400 million institutional value-add fund formed in 2020, now fully invested.
- Institutional Separate Account – A $350 million separate account formed in 2017 to pursue infill, urban core cash-flowing industrial assets in select U.S. markets.
- Greater Boston Industrial Portfolio – Berkeley Partners recapitalized a significant portfolio of industrial properties in the Greater Boston area, demonstrating the firm's ability to execute complex transactions in high-barrier-to-entry markets.
- Albuquerque and El Paso Acquisition (via Berkeley Capital Partners LC) – Acquired 538,200 square feet of industrial space across 13 buildings and 35 acres in New Mexico and Texas, representing a significant early portfolio expansion.
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