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Tuesday, Feb 18, 2025
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OC500 2024: John Drachman

JOHN DRACHMAN 

CO-FOUNDER, HEAD OF CAPITAL MARKETS 

WATERFORD PROPERTY CO. 

 

WHY: Founded Waterford Property Co. in 2019 with Sean Rawson to convert thousands of market rate apartment units into workforce housing, which caters to middle-income rental communities, or “essential workers.” 

IN THE NEWS: Waterford is expanding beyond Orange County and California, beginning with a 395-unit multifamily property it purchased in Dallas. The property was Waterford’s first in Texas. Waterford will be working with Chicago-based Vistria, Brooklyn-based Northern Liberties and the Dallas Housing Financing Corp. to provide workforce housing in Texas. 

QUOTABLE: “I have friends that are firefighters, teachers, paramedics and nurses. Sean and I have seen firsthand how the high cost of housing has pushed them out of OC and out of state.” 

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