Originally emigrating from India, Percival Vaz earned electronics and business degrees from UCLA, but found his early career choice in technology left him uninspired. After buying the first home for his growing family, Vaz got the real estate bug and started AMCAL in 1978 with his wife, Lux, in their garage as budding entrepreneurs.
Vaz has led the company’s growth from a single-family home investor to a premier multi-state developer of student, affordable and luxury apartment communities representing more than 80 developments and 7,000 units valued at $1.5 billion – with $2.5 billion more product in development or under construction.
AMCAL’s largest market is Los Angeles County with a total of 45 projects built, 27 of which are affordable housing communities, with social services delivered to residents via its partner LifeSTEPS. AMCAL’s “Partnership for Hope” has charitably raised $686,714 and distributes merit-based academic scholarships, emergency assistance and youth enrichment activity support.
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