A Phoenix-Based Commercial Real Estate Developer
Right-sized retail, multifamily, and industrial development in Phoenix growth corridors—built with local insight and disciplined execution. Investment opportunities focused on revenue generating real estate.
Built on Local Knowledge and Execution Discipline
RAI Holdings was formed to take a focused, execution-driven approach to commercial real estate development in Phoenix.
We believe the best projects are right-sized, market-aligned, and thoughtfully delivered. That means understanding zoning and entitlement realities, respecting community context, and maintaining momentum from concept through completion.
Leadership With Real Development Experience
Experienced Commercial Real Estate Operators
RAI’s leadership team brings decades of experience across commercial real estate development, operations, and investment — with a strong emphasis on Phoenix and the broader Southwest.
Our team has delivered projects across retail, multifamily, and industrial asset types, managing everything from land acquisition and entitlement to construction and stabilization.
We approach development with an operator’s mindset — prioritizing functionality, tenant success, and long-term asset performance over short-term wins.
Reza Amirrezvani
Position
Reza founded Super Star Car Wash in 1993, growing it into one of the largest express car wash platforms in the Southwest. Over the past three decades, he has developed, operated, and exited more than 120 locations. In parallel, Reza has developed over 250,000 square feet of office condominiums. He is currently building a real estate-focused family office centered on long-term growth, disciplined investment, and legacy. Reza studied Economics at the University of California, San Diego.
Andrew S. Call, MBA
Executive Vice President
Andy Call is a commercial real estate development executive with more than 25 years of experience delivering projects across the Mountain West. He has led development initiatives for firms including Lennar, Evergreen Development, and Thompson Thrift, overseeing the acquisition, entitlement, and execution of residential, retail, mixed-use, and industrial assets.
Over his career, Andy has developed more than $1 billion in projects across Arizona, California, and Colorado. His expertise spans site selection, land acquisition, municipal approvals, and construction oversight, consistently delivering high-performing assets aligned with investment objectives. Andy holds a Bachelor of Science in Construction Management from ASU and an MBA from GCU.
Kaler Ruiz
Position
Kaler Ruiz is a development associate with experience across acquisitions, capital markets, and development in both the United States and the United Kingdom. He has worked across multiple asset classes, including industrial, multifamily, and storage, supporting projects from initial underwriting through execution.
Kaler has contributed to more than $75 million in acquisitions and over $150 million in refinancing activity. Most recently, he served as Associate Vice President at Clear Sky Capital, where he was involved in sourcing, evaluating, and executing investment opportunities, as well as underwriting, development oversight, and institutional partner relations.
He holds a Bachelor of Science in Business Administration from the USC.
A Practical, Disciplined Development Philosophy
We focus on projects that fit their trade area and growth corridor. That discipline helps avoid overbuilding and supports durable performance over time.
- Right-Sized Projects for Real Demand
Development timelines matter. Our experience navigating Phoenix municipalities allows us to anticipate challenges, reduce friction, and keep projects moving.
- Speed, Certainty, and Accountability
We work closely with landowners, tenants, municipalities, and capital partners to create alignment and shared success.
- Collaborative, Long-Term Partnerships
Experience Across Phoenix Growth Corridors
RAI Holdings has experience delivering commercial real estate projects throughout Greater Phoenix, with a focus on areas experiencing strong population and employment growth.
Our work reflects a consistent strategy: identify underserved markets, execute efficiently, and deliver assets designed for long-term relevance.
Why Partners Choose RAI Holdings
Phoenix-based team with local entitlement expertise
Disciplined underwriting and development approach
Strong broker and municipal relationships
Focus on long-term asset performance
Current Projects
Past Projects