Aquatic Fourth Street (c. 2017) Berkeley, CA

We currently own and operate over 2.5 million square feet of retail, multifamily, and industrial real estate throughout Northern California, Oregon, and Washington. Our focus is on enhancing neighborhoods through thoughtful development, long-term ownership, and active management. We constantly seek acquisition and development opportunities while differentiating ourselves through liquidity, decisiveness, and creativity.

Our origins date back to 1946 when Grocery Outlet Bargain Market was founded by Jim Read. Jim’s sons, Peter and Steven Read dramatically grew the business over four decades of leadership, ultimately going public in 2019.

Morgan Read joined his father and uncle in 2005 to establish and grow a diversified commercial real estate business. In 2014 Morgan and his lifelong friend Kasey Stevens formed R&S Investments and Aquatic Living, a joint venture multi-family development company and operating platform.

Our organization is served by a talented and committed Advisory Board.

Peter Read


Steven Read


Morgan Read

Managing Partner

Kasey Stevens

R&S Investments

Our Advisors

John Millham


Dana Parry

President and CEO
Reynolds and Brown

Ken Rosen

Rosen Consulting

John Winther

Managing Partner
Harvest Properties