A Commercial Real Estate Developer
RAI Holdings is a commercial real estate development firm focused on retail, multifamily, and industrial projects in high-growth corridors across the country.
We combine deep market knowledge, disciplined execution, and long-term thinking to deliver projects that perform for communities, tenants, and partners.
Built on Market Knowledge and Execution Discipline
RAI Holdings was formed to take a focused, execution-driven approach to commercial real estate development nationwide.
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 across key national markets.
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
Founder & Managing Principal
Reza Amirrezvani is an entrepreneur, operator, and commercial real estate developer with over 30 years of experience in building businesses and developing high-performing real estate projects.
In 1993, Reza founded Super Star Car Wash, which grew to become one of the largest express car wash platforms in the Southwest. He oversaw the development of more than 120 car wash locations, managing every aspect from site selection, acquisition, and entitlement to ground-up construction, opening, operations, and eventual exit. Under his leadership, the platform gained a reputation for operational excellence and industry-leading unit economics.
In addition to expanding Super Star Car Wash, Reza developed over 250,000 square feet of office condominium projects, further broadening his experience in the full commercial real estate development cycle.
Currently, Reza is applying his disciplined, operator-driven approach to RAI Holdings, a commercial real estate development company specializing in retail, multifamily, and industrial projects. His strategy focuses on identifying strong locations, executing meticulously, and developing assets that are positioned for sustainable, long-term performance.
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
Associate
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 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 diverse 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 National Growth Corridors
RAI Holdings has experience delivering commercial real estate projects throughout major metropolitan regions, 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
Experienced team with diverse entitlement expertise
Disciplined underwriting and development approach
Strong broker and municipal relationships
Focus on long-term asset performance
Current Projects
Past Projects