David L. Rafael
Co-Founder | Director
Dave brings over 35 years of expertise in all aspects of the property business. Previous to co-founding Havitas, Dave was Senior Vice President of the Commercial Properties Group of SM Prime Holdings, tasked with the overall management of over P95 Billion in commercial properties including the Mall of Asia complex. He spearheaded SM’s entry into the office building market and grew the portfolio to 7 office buildings with nearly 500,000 sqm of gross floor area. He conceptualized and implemented Skyranch Tagaytay achieving an investment payback in less than 5 years.
Prior to his tenure at SM Prime Holdings, Dave spent over 20 years in Ayala Land handling various responsibilities, including managing Ayala’s mall portfolio consisting of Glorietta, Greenbelt, Ayala Center Cebu, and Alabang Town Center. He also established Ayala Land’s pioneering in-house domestic salesforce and eventually set up Ayala Land International Sales.
Dave’s real estate expertise extends to the masterplanning, preparation of feasibility studies, execution and estate management of large, integrated mixed-use developments. These include the 170-hectare Central Business Park in Pasay City, which encompasses the 67-hectare Mall of Asia Complex; the 36-hectare Glorietta and Greenbelt shopping complexes in Makati; the 120-hectare Cebu Business Park and the future 660-hectare Pasay-Paranaque reclamation projects.
In addition to his role as Co-Founder and Director at Havitas, Dave also served as President and CEO of Aboitiz Land for six years, where he further strengthened the company’s position in the real estate industry through innovative developments and strategic growth initiatives.
Dave graduated from Ateneo de Manila University and earned his MBA from the University of Virginia’s Colgate Darden Graduate School of Business. He is also a Licensed Real Estate Broker.