Tom deRegt

With more than 30 years of experience Mr. deRegt’s career has focused on strategic real estate investment and capitalization, single-family land and home development, and in-fill, medium-to-high density mixed-use and multi-family developments.

Perry Hariri

Perry has almost 20 years of experience in large-scale commercial and residential real estate acquisition, financing, development, entitlement, distressed loan workouts, and operation and management.

Lance Tate

Lance co-founded Fortbay in 2015 with the goal and vision of creating environmentally, design and community conscious spaces for one of the world's most innovative populations.

Kelly Mozumder

Kelly Mozumder has over a decade of experience working in the development & construction industry. She gained her start in San Diego working for Northern California based developer on a large scale high rise condominium project, the ICON Building, in the heart of the Gaslamp District.

Shelly Gable

Shelly Gable is Chief Accounting Officer of deRegt Investment Holdings, LLC and deRegt Development Inc. Ms. Gable has been involved exclusively in real estate accounting, auditing, budget analysis and reporting for over 25 years.



One of the most significant challenges and opportunities for creating value for a new development is navigating the complex web of land use entitlements. From our 60 years of collective experience collaborating with communities, jurisdictions and stakeholders, we have developed a streamlined and effective project approval process.


We create socially and environmentally conscious developments designed to serve the Bay Area’s innovative community.


We deliver high risk-adjusted returns through investments in diligently underwritten and uniquely sourced value-add assets.



Geographically Focused and Diversified Assets

Fortbay leverages its local market presence, knowledge and relationship network developed over the past 30 years to source a strong pipeline of unique real estate investment opportunities. Our experience with local jurisdictions and the land use entitlement landscape provides us with the advantage of insightful underwriting and efficient execution of project approvals. Our diversified real estate underwriting, investment and development backgrounds with for-sale and multi-family rental residential, land development and commercial asset classes permit us to evaluate a diversified array of real estate investment opportunities and to be selective in pursuing only the most suitable opportunities with the best likelihood of delivering high risk adjusted returns.

Entrepreneurial Approach and Institutional Execution

We have adopted Silicon Valley’s creative and innovative culture in our approach to real estate investing and development. We employ nimble decision making in identifying and executing on unique investment opportunities that meet the ever fluctuating market demands. We have combined our operational flexibility with strong institutional capital relationships to optimize our investment platform and range. 

Guided by History, Values and Principles

Our principals are Bay Area natives and long-time residents with real estate imbedded in their DNA as second generation real estate industry professionals. As Bay Area natives, we are fiercely protective of our reputation and maintain it by undertaking socially responsible and sustainable projects which create value for our investors and enhance the community. As a result, we have cultivated a transparent and collaborative company culture to foster confidence and trust with our internal team, community and capital partners.


Fortbay Project - Tresor, San Jose

"Best Residential Site Plan Under 25 Acres"

As referenced in the project history section of the Fortbay site, the development listed as The Tresor at the Almaden […]

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Open House Invitation

Fortbay invites our neighbors to meet us and learn about Stevens Creek Promenade A mixed-use office/residential Signature Project 2 Dates: […]

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10-acre Stevens Creek site could sprout urban node under redevelopment proposal

The new owners of a 10-acre commercial complex in West San Jose are laying the groundwork for a major urban […]

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FortBay picks up Stevens Creek office park in future change area

FortBay picks up Stevens Creek office park in future change area

Originally published in the Silicon Valley Business Journal Dozens of tenants will be writing rent checks to a new landlord […]

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