David Malcolm

After earning his real estate license while still in high school, David Malcolm earned his broker’s license two years later and never looked back. Over four decades, he built an enviable career in real estate, earning the highest commercial real estate designation (CCIM), and working in real estate sales, investment, management, and lending.

In 1989, he acquired exclusive rights to build and manage Rally's Hamburger stores in Los Angeles, Orange, and San Diego counties. At its peak, David Malcolm managed more than 40 locations and over a thousand workers. He sold the rights for Los Angeles and Orange counties in 1994, and the rights for San Diego in 1997.

Under his leadership, Cal West Apartments and its predecessor company have mapped thousands of lots, built thousands of homes and apartments, and provided financing for thousands of home buyers and commercial clients. From 2004 to 2020 alone, David Malcolm handled sales, acquisitions, management, and loan renegotiations totaling more than $4 billion.

David Malcolm has served on numerous public and private organizations’ Boards of Directors. Public companies include Giant Group (NYSE), Aegis communications, (NASDAQ), ATC Communications (NASDAQ), and Payphone (AMEX).

David Malcolm is passionate about giving his time, treasure, and talent where it is needed. He and his wife, Annie, particularly enjoy helping others in need and allowing people to turn their lives around.

For 31 years, he served on the Board of Directors of St. Vincent de Paul Management (part of Father Joe’s Villages homeless services organization) and chaired the Board for four years. David Malcolm also chaired Board 1 of the San Diego County Assessment Appeals Board and was one of only two Emeritus Members of the University of California, San Diego Board of Overseers (since renamed the Chancellor’s Community Advisory Board).

David Malcolm has been a little league baseball coach, an AYSO soccer coach, and has personally driven cancer patients to appointments, delivered food for Meals on Wheels, and served food to the homeless.

He has also served on the Boards of Directors of the American Cancer Society San Diego, Corky McMillin Center for Real Estate at San Diego State University, First International Bank of San Diego, People’s Bank, San Diego Regional Chamber of Commerce, San Diego Regional Economic Development Corp., Scripps Institution of Oceanography and South Bay Family YMCA.

Currently, he is Chairman of the Lincoln Club of San Diego Political Action Committee and a member of the Board of Directors for San Diego Christian College.

Building on his many involvements in the education sector, David Malcolm recently launched two scholarship programs. He funded the Community Scholars Initiative for 2021 through The San Diego Foundation and established his own scholarship initiative, the David Malcolm Scholarship.

David Malcolm has acknowledged that his wealth will ultimately be limited because of his willingness to give his money away in order to make a difference. As just one example, he is a Chiefs 4-Star Alliance Sponsor of the Chula Vista Police Foundation.