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Our Team
The next-generation incarnation of value-add real estate investing, combining Maxwell Drever’s decades of industry expertise and relationships with a focus on the senior living housing gap for workforce retirees.
Maxwell Drever
Maxwell Drever serves as Chairman of Drever Capital Management, and for over five decades, has been a visionary leader in contrarian impact real estate investing. Maxwell has repositioned or developed …
Ivan PopGruev
Maxwell Drever
Maxwell Drever serves as Chairman of Drever Capital Management, and for over five decades, has been a visionary leader in contrarian impact real estate investing. Maxwell has repositioned or developed 42,000+ multifamily apartments, and has always followed a “doing well by doing good” mantra with socially responsible investments that generate strong risk-adjusted returns for investors.
He has redeveloped underperforming, workforce multifamily properties in a socially and environmentally conscious manner, providing the catalyst for transforming entire neighborhoods. His career in responsible investments began in Seattle in the early 1970s when he profitably transformed 17 troubled complexes into desirable apartment communities for families with workforce incomes. His former company, Drever Partners, was one of the earliest and largest buyers of multifamily housing with 18,000 units under management during the RTC cycle. In 1997 those assets were merged into Walden REsidential Properties, a Dallas-based public REIT (NYSE) to create a $1.4 billion REIT. He formed Concierge Asset Management, which merged with Crossbeam Capital to focus on acquiring and redeveloping distressed multifamily projects. The Company owns and manages 8,000 residential units. He is the largest shareholder of Crossbeam Concierge Holdings.
Maxwell holds a B.A. in Finance from the University of Illinois. His philanthropic passion is assisting the health and education of underserved youth and in bringing awareness to issues of eldercare health. He lives and works north of San Francisco, where he is an active hiker, nature photographer, horticulturist, paddleboarder, and enthusiastic bay swimmer.
Ivan PopGruev
Ivan PopGruev is the lead engineer of the Drever construction team with specific focus on sustainable initiatives for The Drever and Larkspur Active Adult communities. He is based in Dallas.
Ivan’s core business experience was earned at Bechtel. He was also the Bechtel Group representative at the Global Business Network and the Kozmetsky Global Collaboratory at Stanford University. In his role, Ivan also worked with the leadership of the industrial business lines and made investment recommendations on e-business to the Chairman Leadership Council. Ivan is formally trained in Six Sigma along Bechtel’s P & L leadership.
After his Bechtel tenure and MBA studies in finance, Ivan handled portfolio management of international equities for institutional clients/pension funds. Most recently, Ivan originated, engineered the business solution, and gained the executive support of the American Heart Association for an organizational behavior-based, strategic initiative with an NPV of $325 million in perpetuity at a 10% discount rate.
Ivan is a member of the American Finance Association, and an adjunct Professor of Finance at Strayer University. He holds an MBA from the University of California at San Diego and UCLA. He has a Civil Engineering degree in Structural Engineering from the University of California at Berkeley.
Ivan’s roots are in Bulgaria. He was stationed in Europe before and after the collapse of the former Soviet Union, serving the Bulgarian Army in chemical warfare, intelligence, and prevention. After an honorable discharge, Ivan persuaded and mobilized thousands of students in Bulgaria to participate in peaceful demonstrations to overthrow the communist regime. After this, the U.S. granted Ivan a visa to restart and complete his studies in the United States.