Blokable Opens California Office and Taps Manufacturing and Real Estate Investment Veterans to Expand Production and Develop Housing Pipeline DEC 17, 2019

Tesla and Ford Alum Jeff Robinson Joins as VP of Manufacturing and Supply Chain; CalSTRS and CalPERS Real Estate Investment Veteran Jim Hurley Joins as Director of Real Estate Finance

SEATTLE – December 17, 2019 – Blokable, the vertically integrated developer that builds high-quality, low-cost, and connected housing, announced today that it has opened its California corporate office in the City of Sacramento. Blokable also announced that Jeff Robinson, formerly of Tesla and Ford, will lead the company’s manufacturing expansion and housing pipeline development and will be joined by CalPERS and CalSTRS veteran Jim Hurley, who will lead real estate finance.

“California is ground zero for the country’s housing crisis and this is where solutions are most needed. Our vertically integrated business model is the only way to drive down costs and unlock the equity required to force the housing market to work for everyone. We’re building an exceptional team here in California in order to scale where scale is most needed.” said Nelson Del Rio, Co-CEO of Blokable.

“Blokable is a top tier, venture backed startup using innovative technology to address one of the biggest challenges of our time. By re-imagining the development process to create affordable housing through public-private partnerships, the company can bring creative solutions to the entire state,” says Barry Broome, President & CEO of the Greater Sacramento Economic Council. “Blokable’s decisions to locate offices and manufacturing operations in Greater Sacramento will not only drive investment and jobs in the region, but will also give our region the opportunity to be on the front lines of solving the mounting housing crisis.”

The new office is the first step in the company’s plans to scale its footprint in California, the state with the largest housing deficit in the nation. It’s estimated that California needs to build 3.5 million housing units by 2025 to close the current housing gap. Blokable’s Sacramento office will be home to the company’s growing product development team, led by VP of Product Timothy Miller, as well as the manufacturing and real estate finance teams led respectively by new hires Robinson, VP of Manufacturing and Supply Chain, and Hurley, Director of Real Estate Finance.