Committed to Our Mission

We are a full-service real estate investment and management company that owns and manages apartments for rent, operates thriving senior living communities, and leases and manages both office and retail properties. Headquartered in Sacramento, California, we have properties in our home state as well as Arizona, New Mexico and Texas.

Since the company’s founding in 1969 by Ray Stone Jr., we have aimed to provide ethical and innovative real estate services that enhance asset values for our clients, provide opportunity for our team, and contribute to our communities. The company, now in its second generation, is strongly positioned for the future.

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Happy mom and daughter of a Ray Stone Inc. community
Senior living community of Ray Stone Inc.
Happy family playing in the park nearby a Ray Stone Inc. community

Our History

It all started back in the 1950’s when Ray Stone, Jr. purchased his first property, vacant land, at the corner of Madison Avenue and Fair Oaks Boulevard. During this time, he served in the military, wherein he sent the majority of each paycheck to the bank to pay for his land loan. Twenty years later, this would become Ray’s first development, the Almond Orchard Shopping Center.

Early on, Ray Stone, Jr. was a real estate broker, buying and selling properties for numerous other clients.  One of his clients, the owners of Anderson Bros. Pharmacy (where he was employed during junior college), asked him to find an apartment for them to buy.  When he did locate a great apartment community for them, and they were about to close on the purchase, the Anderson brothers asked Ray, "Would you like to buy a small interest with us?  Oh, and by the way, we also need someone to manage the property."

It was here that Ray Stone Inc. was first formed, in 1969:  managing, and sometimes investing in, apartments.  Ray’s work ethic, vision and integrity have been critical components to Ray Stone Inc.'s growth and success over the years.  We now own and/or manage 15 Conventional Apartment Communities, 7 Independent Senior Living Communities, 2 HUD Senior Communities, and 29 Commercial properties.

Our employees are a key contributor to where we are today. We are 184 strong and still growing. Their engagement, commitment, teamwork, kindness, forward thinking and consistency are all attributes of our amazing team.

"Lived here for just over a year. Best property management I have ever experienced; the few times I needed anything it was done immediately and professionally. Great community feel, festive during holidays."

– Rachel A. | Arden Palms Apartments

"What a special place! Totally recommend to anyone looking for a wonderful home for a loved one. They treat their residents with love and respect, and have fun activities for them. Very clean and super sweet staff. They encourage physical activity and healthy living. Love them!"

– Julia E. |  River Commons Senior Living

"We happily lived there for 7 years. We lived in a 2 bedroom, then moved into a 3 bedroom. Our apartment was very large and well maintained. Employees took pride in their work there. We loved the friendly atmosphere."

– M B. | Country Club Gardens

Committed to Community

Besides the care we devote to our relationships with residents, customers, investors, tenants, vendors and employees, we strongly believe in our responsibility to support our communities.

Giving back has always been important to us at Ray Stone Incorporated. We provide leadership to nonprofit organizations and support such efforts as emergency food programs.

Committed to Excellence

We aim to do the right thing, always. Based in Sacramento, California, Ray Stone Incorporated is one of the most trusted names in real estate in the communities we serve.

Excellence begins with a strong team. We support our team members’ professional accreditations, invest in internal training, and celebrate and reward success. We give our team members the resources they need to create high quality living, shopping, and working environments that are friendly, respectful and fun. Senior management diligently monitors results and seeks solutions when challenges arise.

Recognized by the Sacramento Business Journal as “Healthiest Employer (Small Company)", Ray Stone Incorporated actively participates in local and national business organizations including: Sacramento Rental Housing Association; Sacramento Metro Chamber; American Senior Housing Association; CCIM Institute; International Council of Shopping Centers; and Lambda Alpha International, a selective organization that exchanges information about innovation in land use management.

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