In September 2023, JMA Ventures and Mohari Hospitality established a lifestyle and hospitality investment partnership to enhance their property development opportunities across the United States. Established in 1986 and based in San Francisco, JMA Ventures manages a diverse portfolio across sectors such as hospitality, entertainment, retail and commercial properties. Notable projects include the Downtown Commons in Sacramento, The Sawyer Hotel & Residences property, a Zoetry branded resort and marina, Red Lodge Mountain Resort, Hayes Mansion and pre-development ventures in Lake Tahoe and San Francisco.