The next generation of multifamily investing

Our founding team combines two decades of capital allocation leadership at a successful real estate investment company with two decades of technology entrepreneurship.

Interested in joining the Glencrest team? Reach out!

Meet the team

John Adair

Managing Partner (Transactions)

Before founding Glencrest, John was the Principal in charge of capital transactions for one of the largest apartment landlords in the Western United States.

While at Prime Residential, John tripled the number of units owned; expanded into five new metropolitan areas; bought, sold and financed more than 35K units (> $8B transaction volume); and closed the largest single-asset financing in the history of Freddie Mac. 


Prior to joining Prime, John was a real estate attorney with Orrick in their San Francisco office.
John is a licensed real estate broker in the state of California, an active member of the California State Bar, and has passed all three levels of the Chartered Financial Analyst (CFA) exam. He has a JD from the University of California, Berkeley and a BA with distinction from Northwestern University.  John lives in San Francisco with his three children.

Mike Bergelson

Managing Partner (Operations)

Mike has built and led three successful technology businesses focused on using data to personalize and improve end-user experiences. 

Most recently, he was the co-founder and CEO of Everwise, a technology company focused on creating high value, personalized learning experiences for employees of clients such as Salesforce, Genentech, Twitter, Best Buy and AmEx. He led all aspects of the business with an emphasis on sales, marketing, product vision and fundraising ($26M of venture capital with Series B led by Sequoia Capital).

His first venture, Audium, grew into a market leader with its customer interaction technology that, today, helps personalize billions of calls for large enterprises around the globe. After selling Audium to Cisco in 2006, Mike led product for Cisco’s customer contact business unit and, eventually, led strategy for the enterprise collaboration division. 

He also co-founded adMarketplace, an early advertising-technology provider and was a strategy consultant with First Manhattan Consulting specializing in helping to calculate, drive strategy and operate with customer-level profitability, work that led to the widely adopted discipline of customer-relationship management. 

He earned an engineering degree with honors from Cornell University and lives with his wife and young son in San Francisco.

Jeff Leon

Senior Advisor

Mr. Leon has more than 30 years of experience and supports Glencrest’s equity business, including the implementation of individual client strategies and portfolio management.


Mr. Leon continues his Board level role at HLA Ventures overseeing the investment origination and execution of value-add and opportunistic transactions in all product types. Prior to forming HLA, Mr. Leon co-founded PB&J Acquisitions, an investment management firm focused on the acquisition of value-added commercial real estate in major markets located in Northern California. While there, Mr. Leon spearheaded the fundraising for more than 1.8M s.f. of commercial properties from investors which have included Investcorp, Center Squared Capital Management, Washington Capital Management, and high net worth families and individuals.

In 1998, Mr. Leon joined Rawson, Blum & Company and became a named partner in 2000. While at RBL, Mr. Leon placed approximately $150M through both the formation of joint venture relationships with many of the nation’s most prestigious financial institutions including Weingarten Realty Investors (NYSE: WRI), Regency Centers (NYSE:REG), CalPERS, Lubert Adler, and Perlmark Realty Corporation (formerly Transwestern Investment Corporation) as well as fundraising from high net worth individuals and families.


Mr. Leon earned his BA degree with honors from Northwestern University in 1982 and his Juris Doctor degree from University of the Pacific, McGeorge School of Law in 1985. Mr. Leon is an Alumni Council member and former Trustee of Town School for Boys in San Francisco, an Alumni Admission Council representative for Northwestern University, and sits on the Planning Committee of ICSC.

Mr. Leon lives with his 4 children in Ross, CA.

Stacey Street


Stacey brings nearly a decade of multi-family operations experience to the Glencrest team. Most recently, she was an Area Portfolio Manager for Essex Property Trust, one of the largest residential property owners on the west coast.  

She began her career as a leasing consultant with Equity Residential.

Stacey has overseen most residential property types: high-rise, lease-ups, multi-million dollar renovations, marina operations, garden style, mid-rise, rent control, and affordable housing.

She holds a B.A. from the University of California, Santa Barbara and  lives in Danville, CA with her husband and two sons.

Want to learn about joining our team?
See our current openings.