Luminous Capital Management, based in Irvine, CA, is a real estate investment manager which seeks to operate on the frontier of value creation, identifying macro-trends that complement active implementation of business plans. Current areas of focus for investment in the Western U.S. include properties driven by life science discoveries, changing demographics, and growth in the digital economy. Luminous was founded in 2021 by industry veterans Bob Dougherty, Matt Stephenson, and Tom Lam, with an association that began over 25 years ago.