| About Our Team
Ebbie K. Nakhjavani
Chief Executive Officer and President
Ebbie K. Nakhjavani is founder and CEO of EKN Development Group, and serves as CEO and President.
EKN Development Group, formerly Terrafrima Development Group, founded in 1995, is a real estate development firm specializing in hospitality, retail, mixed use, and high-density residential development. EKN pursues and acquires premier new development and existing-use real estate assets in primary and target geographic markets.
Ebbie previously co-founded and served as President and CEO of York Capital, a real estate development company which help exclusive rights to develop all related real estate in connection with the Las Vegas Monorail. Ebbie was also Co-Founder and member of Transit Real Estate Development (“TRED”) and served as the Managing Director. While at TRED, Ebbie secured $100 million Line of Credit from First Interstate Bank and spearheaded the master planning, acquisition and development of Desert Gateway, a 50,000- acre master planned community in Southern California, including 1,200 acres of commercial and mixed uses and 60,000 residential units. Another significant TRED project in planning is the development of a 38-acre hotel and casino mega-resort in Las Vegas. In 2018, Brightline and subsequently Virgin purchased Xpresswest, the proposed California-Nevada high speed rail.
In addition, Ebbie is the founder and CEO of N Consulting Engineers, formerly EKN Engineering Inc., founded in 1990. Ebbie is nationally recognized as an expert in retail and commercial engineering with over $7 billion in total built project valuation. Preceding founding EKN Engineering, Ebbie Nakhjavani served as Manager of Engineering in the Western Region for Simon Properties Group, formerly Melvin Simon and Associates.
Ebbie holds a Bachelor of Science Degree in Civil Engineering from San Diego State University and is registered as a Professional Engineer with the National Civil Engineer Examiners.
Andrew Davies, ESQ.
Andrew Davies is a California licensed attorney and serves as Corporate Counsel for EKN Development Group. In this capacity, Andrew directs all legal aspects of EKN’s acquisitions, transactional processes, and entitlement efforts. Andrew’s areas of expertise include land use, Association law, hospitality, mixed-use and commercial and multifamily residential real estate transactions. Andrew also has an extensive background and expertise in entitlement and governmental representation for all stages of real estate-related zoning and permitting, including California Environmental Quality Act (CEQA) processing and LEED certification.
Andrew’s depth of experience and leadership enables EKN to efficiently and swiftly evaluate site development opportunities, execute on complex real estate transactions, and entitle and develop projects in desirable, high barrier-to entry locations. Andrew’s skills and knowledge of state, county, and municipal laws allow EKN to streamline the entitlement process thereby minimizing entitlement risk for EKN and its capital partners.
Andrew holds a Bachelor of Arts degree in Political Science from University of California, Irvine and a Juris Doctorate Degree from Chapman University School of Law.
Jason Bass, CFA, CPA
Jason has over 25 years of real estate and natural resource asset management, accounting, economic, financial and market research and analysis experience. He been designated an economic expert on numerous occasions for which he has provided written expert opinions and affidavits, been deposed, and testified in mediation, arbitration, and in court. He is a designated economic expert for the U.S. Department of Justice.
Jason’s work has included financial feasibility analysis, investment deal structuring and capital aggregation for a wide range of hotel and resort developments in the United State, Caribbean, Mexico and South America; economic and fiscal impact evaluation in support of public investment in real estate and natural resource development programs; valuation, accounting, economic and monetary damages assessment in support of expert witness testimony in commercial litigation matters and market and supply/demand evaluations to support of real estate development planning and programming.
Jason graduated from the University of California at Berkeley with a B.Sc. degree in Resource Economics. He completed his M.Sc. degree in Resource Economics at the University of California at Davis with an emphasis in quantitative methods. He holds the Chartered Financial Analyst (CFA) designation from the CFA Institute, and is a Certified Public Account (CPA) licensed in California.
SVP of Entitlement and Construction
Mike has been building and developing real estate since he graduated UCLA in 1983. His experience includes developing hotels, restaurants, commercial buildings, apartments, condominiums, multi-use developments and custom homes. Highlights from his career include renovating an entire city block in Southern California’s community of Venice where he mixed in modern architecture while restoring buildings built in the early 19th century, and several awards from the City of Santa Monica for completing projects ahead of schedule and under budget. Mike’s lengthy track record has guided him to deliver high quality projects under budget and ahead of schedule and has significantly streamlined EKN’s entitlement and construction processes since joining the company.
Prior to joining EKN, Mike served as SVP of Construction and Entitlements for Crown Acquisitions - a prosperous Orange County Real Estate Development firm. Prior to that Mike worked for a large multi-family developer, RW Selby. While working for RW Selby, Mike ran the construction and entitlement division. Mike’s projects have earned several Architectural awards from nation publications.
Mike has an uncanny ability to build loyal teams which produce great results. That loyalty moves teams through rough waters to project completion. Mike learned and developed his leadership skills from his UCLA college football coach and mentor, Terry Donahue. Mike continued honing his leadership skills during stints coaching college football as an Offensive Line Coach and Offensive Coordinator.
Mike holds a Bachelor of Arts degree in Political Science with Minors in Speech and Geography from University of California, Los Angeles. During his years at UCLA, Mike was a scholarship athlete starting on both the football and wrestling teams.
Mike is happily married and has four sons and three grandsons.
Arya K. Nakhjavani
Senior Financial Analyst
Arya is a project lead for EKN and specializes in financial underwriting, analysis, and research. In addition to managing project development and capital structure underwriting, Arya heads the firm's macro-economic outlook research. This research uses working models to forecast hotel performance in recessionary cycles.
Prior to joining EKN, Arya worked as a financial analyst for a mid-market investment bank in New York City. Arya also worked for the Financial-Economic Institute as a financial research analyst specializing in equity research and portfolio and asset management. In addition to this, Arya is a published author for Seeking Alpha and continues to publish papers specializing in macroeconomic analysis, real estate economics, and company valuation analysis. Arya has been ranked on Seeking Alpha as a top 100 author in the world in the categories of Initial Public Offerings (19th), Cryptocurrencies (42nd), Commodities and Other Derivatives (47th), Short Ideas (83rd), and Technology (97th).
Arya graduated from Claremont McKenna College with a bachelor’s degree in Economics and Finance. Arya’s thesis involved the development of a geo-political risk-augmented capital asset pricing model and used a Fama-Macbeth regression with Newly-West standard errors to analyze the model's effect on long-term security returns.
During his time at Claremont McKenna, Arya served as the CEO of the Claremont McKenna College Student Investment Fund, which actively manages over $2.8 million of the Claremont McKenna College endowment and is one of the largest undergraduate student investment funds in the world. Under Arya's leadership, the Fund saw an asset under management increase of over $1 million.
Before joining EKN Development Group, Evan Pauletich worked for Salesforce as an Associate Sales Development Representative. During his time there, he was able to streamline certain sales processes as well as strategize new ways to target the high-tech industry.
Evan graduated from Claremont Mckenna College with a bachelor’s degree in Economics and Applied Mathematics. In his time there he was able to co-author a paper in the mathematical field of knot theory. In this paper he introduces multi-tribrackets, ternary algebraic structures following specified region coloring rules with different operations at different crossing types. This structure provides a stronger counting invariant than those associated to the standard tribracket coloring.
While at CMC, Evan co-founded the Blockchain Investment Group, a club focused on sifting through and investing into the ICO and cryptocurrency space.
Edward Narvaez Jr.
Edward Narvaez heads the design team at EKN Development Group. Edward leverages his deep proficiency in multiple design software programs to direct all of the firm’s site development suitability evaluations. In addition, Edward’s expansive knowledge of brand standards and ability to quickly develop conceptual development visions for sites under consideration provides EKN the agility to quickly and efficiently make decisions to pursue development opportunities. Futhermore, Edward works in collaboration with EKN’s finance team to balance high design and engineering standards with the economics of projects, while working with brand partners to achieve optimal programs and underwriting.
Edward is a Senior Civil Designer and CAD Project Manager with over eighteen years of experience in engineering design and project management. He has overseen the conceptual design and implementation planning of many commercial real estate development projects from the construction phase through the completion of the project.