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Carl Chang

Chief Executive Officer

Kairos Investment Management

Rancho Santa Margarita, CA, USA

Carl Chang
Manish Chande
Clearbell Capital
Julia Charlton
Charltons Law

Carl Chang’s Biography

Carl Chang is the Chief Executive Officer & Founder of Kairos Investment Management Company, a privately owned entrepreneurial real estate investment and asset management firm. Kairos focuses on value-based real estate investing, monetizing on market dislocations and opportunities throughout the various economic cycles. The Kairos team has deep experience in all major real estate disciplines, including acquisitions, value-add repositioning, property development and management, distressed asset acquisitions and complex capital structuring.

Over a three-decade career, Carl has acquired, developed and managed real estate across the US worth over $2.5 billion in multiple asset classes, including industrial, commercial, office, retail and multifamily. He has successfully managed many private equity investments, guiding their growth from early-stage ventures to monetization through either M&A or IPO.

Carl also manages the Carl and Diana Chang Family Office, his family’s investment portfolio. Early in his career, he co-founded Chang Family Ltd. Partnership and CMCB Development Company, two firms focused on real estate investments and development.

In 2018, Carl was appointed as a Director on the Board of the Federal Reserve Bank of San Francisco. He serves as Chairman for EnviroKure, a sustainable farming solutions company, and Chairman for Pieology Pizzeria, a global pizza franchise. He is also on the Board of Advisors at UC Irvine’s Center for Investment and Wealth Management, a renowned research and networking hub.

Prior to his career with Kairos, Carl was honored as Tennis Magazine's 1996 Coach of the Year and has been recognized for his success in coaching and managing his younger brother, Michael Chang, who holds the record for the youngest male Grand Slam singles title with his victory at the 1989 French Open.

Carl has a BA in Political Economy of Industrial Societies with a focus on International Business and Multinationals from UC Berkeley.

Carl Chang’s Newsfeed

Access Ventures
Humble Stewardship With Carl Chang

On this episode of More Than Profit, Carl Chang, Chief Executive Officer & Founder of Kairos Investment Management, discusses the importance of stewardship and impact investing. Carl also shares his thoughts on why he thinks it is important to make value-aligned investments to help the community, a focus that led him to develop his own strategy in making investments in affordable housing.

Market Watch
Investors pile into risky commercial real estate debt, even as Fed warns of trouble

“People all the way down the food chain were being asked to do the right thing,” said Carl Chang, chief executive officer and founder of Kairos Investment Management, a privately-held real-estate company. “Whether that means entertaining a forbearance request, or working with the borrower or tenant, everybody in a polite way was asked to put everything on hold,” said Chang, who also serves as a member of the Los Angeles board of directors of the Federal Reserve Bank of San Francisco, advising on real estate conditions.

Carl Chang’s Background

Kairos Investment Management
Chief Executive Officer
2010 - Present
Rancho Santa Margarita, CA, USA
Kairos was founded by Carl and his family and is a privately held real estate investment and asset management firm. The Kairos team has many years of collective experience and expertise in commercial and multifamily development, redevelopment, value-add, distressed asset, and debt investment opportunities.
Carl and Diana Chang Family Office logo Carl and Diana Chang Family Office logo
Carl and Diana Chang Family Office
Chief Executive Officer
1996 - Present
Rancho Santa Margarita, CA, USA
The Carl and Diana Chang Family Office was set up by Carl in 1996 and was established to manage the Chang family's wealth and assets.
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Carl Chang’s Gallery

Current Board Positions

Federal Reserve Bank of San Francisco
Board of Directors
Jan 2018 - Present
San Francisco, CA, USA
The Federal Reserve Bank of San Francisco serves as the federal bank of the 12th district of the United States.
EnviroKure logo EnviroKure logo
EnviroKure
Chairman of The Board
Dec 2020 - Present
Philadelphia, PA, USA
EnviroKure focuses on providing solutions to farmers that are both sustainable and profitable. Their products are designed with innovative technology that upcycles manure into biostimulants which account for healthier soil, high yields and better root structure without having to resort to chemical fertilizers.
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Current Advisory Roles

UCI | Center for Investment and Wealth Management (CIWM)
Board of Advisors
Irvine, CA, USA
University of California Irvine’s Center for Investment and Wealth Management (CIWM), is dedicated to helping individuals navigate their financial well-being. It is an activity, research, and networking center focused on equipping students with financial management skills.

Media

Miracles for Kids Golf Tourney Presented by Newport’s Perricone Farms Raises $200K
Mentioned
Apr 2021
Newport Beach, CA, USA
Carl Chang, Chief Executive Officer & Founder of Kairos Investment Management Company, participated in the third annual Miracles for Kids Golf Invitational Presented by Perricone Farms of Newport Beach. The event, held at Santa Ana Country Club, raised a total of $200,312 for the charitable organization.
The Meb Faber Show
Interview
Oct 2020
Carl Chang is interviewed on The Meb Faber Show, where he discusses real estate investments, his dynamic career and Kairo’s investment strategy.
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Awards & Endorsements

Influencers: The Top Names in Multifamily
Honoree
2019
Kairos Investment Management Co., led by Carl Chang and Jon Needell, was recognized as an industry leader in both traditional and impact-oriented real estate investment. The Influencers recognition is given to individuals and companies in the multifamily market that have forged new strategies, executed on well-laid plans, entered new markets, and introduced novel concepts.
Tennis Magazine
Coach of the Year
1996
In 1996, Carl Chang was named Coach of the Year by Tennis Magazine for coaching and managing his brother, Michael Chang, who holds the record for the youngest male Grand Slam singles title with his victory at the 1989 French Open at the age of 17.

Carl Chang’s Education

University of California, Berkeley
BA | Political Economy of Industrial Societies
1987 - 1991