December 9, 2015
“Never Sell.” That’s what Angelo Sangiacomo, founder of Trinity would tell you. The prolific real estate developer and landlord passed away at 91 years old, leaving his mark all over San Francisco in his vast collection of properties.
Six decades ago, Sangiacomo purchased his first property after saving money delivering newspapers downtown. His legacy project was Trinity Plaza, a 1,900-unit multifamily property at Eighth and Market Street that he financed in cash for $175 million. Often referred to as the “father of rent control,” he managed to reach an agreement with tenant activists for the Plaza.
He was visionary who understood the trends in real estate and foresaw the resurgence of inner cities and the attractiveness of small units. His premonitions spurred the creation of his real estate empire across the city.