LOS ANGELES – January 31, 2023 – Manhattan West Real Estate, a division of Manhattan West, a Los Angeles-based global strategic investment firm offering an integrated platform of investments and services, announced today the $16.5 million acquisition of Talbert-Mount Washington Industrial Park, a two-building multi-tenant industrial asset totaling 59,754 square feet (sf) in Fountain Valley, CA. The property is situated on 2.9 acres and includes 18071 MT Washington Street, a 28,754-sf building, and 11190-11240 Talbert Avenue, a 31,000-sf building.   

Talbert-Mount Washington Industrial Park is fully occupied by six quality tenants including OC Art & Home, Harwood Galleria, The Drawer Shop, and RADCO, a twining company. Both freestanding buildings are two-stories and feature large outdoor storage yards, 18’ to 23’ clear heights, fire protection, oversized ground-level doors, and HVAC. The property also includes  113 parking spaces.

“This asset’s diversified tenant mix from a use perspective, and staggered lease expirations provide Manhattan West with the opportunity to capitalize on a mark-to-market investment strategy in a supply-constrained Orange County industrial submarket,” said Grant Fisher, vice president of real estate acquisitions at Manhattan West.

Adam Norvell, managing director of real estate at Manhattan West added, “This region has seen dynamic rent growth over the last two years to the tune of approximately 20% year-over-year. In addition, the presence of both local and national credit tenants in the property’s wholesale, showroom and manufacturing spaces provide Manhattan West and its investors an intriguing hedge against a potential economic downtown.”

The property features a unique location that is proximate to residential and commercial density which keeps the property busy throughout the day and well into the evening. Additionally, it is adjacent to The Shoppes at Costco Plaza, one of Fountain Valley’s largest shopping centers, and provides excellent access to the 405 and 55 freeways and SR-73. 

Manhattan West was represented by Joseph Harmon and Charles Johnson of Daum Commercial Real Estate Services. The seller, DDK Investments Ltd, who has owned the property for several decades, was represented by Devin Ray and Mike Barreiro of Daum Commercial Real Estate Services.

About Manhattan West Real Estate

Manhattan West Real Estate is a community-focused real estate group uniquely positioned as an owner, operator and manager of multifamily and industrial properties and has sought to add value to the communities it operates in and positively impact the tenants and residents of its buildings. Since inception, the group has focused on targeting value-add and core plus assets. 

Alternative investments veterans bolster Manhattan West’s leadership team as the non-traditional RIA continues to aggressively build its future-ready wealth management platform

LOS ANGELES – Manhattan West, a global strategic investment firm, today announced the promotions of Jim McCoy, who assumes the role of Chief Operating Officer, and Vik Sasi, who is appointed Chief Strategy Officer. McCoy and Sasi join Manhattan West’s diverse and experienced leadership team alongside CEO and Founding Principal, Lorenzo Esparza.

“I truly believe that our dynamic team is what makes us world-class. I’m thrilled to congratulate Jim and Vik on their well-deserved promotions,” said Esparza. “As Manhattan West maintains its focus on alternative asset management and a technology-enabled future, I could not think of two better people to power our growth.”

Manhattan West differentiates itself from traditional wealth management firms with its in-house portfolio managers, who build and direct its bespoke alternative investment strategies in Private Equity, Venture Capital, Real Estate, Digital Assets and Private Debt. This modern approach to portfolio diversification has proven effective given the declines in equity and fixed income markets this year and is a key differentiator of the firm’s investment approach.

McCoy is appointed the firm’s new COO after serving as Executive Director – Investor Relations on Manhattan West’s Private Equity team for the past year and a half. In his new position, McCoy will play a key role in building out Manhattan West’s alternative asset management distribution strategies while continuing the evolution of its vertically integrated platform of services and investments. McCoy brings over two decades of financial services experience, having served as COO at several alternative investment firms following senior level roles at J.P Morgan and Bear Stearns. McCoy graduated with a double major, earning a B.A. in Business and English Literature from the University of Washington.

“Manhattan West is a truly unique place, and I’m grateful to Lorenzo and the rest of our top-notch team for cultivating and sustaining a highly collaborative, innovative business,” said McCoy. “Our people, strategy and culture are the backbone of our firm’s rapid growth and I’m very much looking forward to being a part of its continued evolution.”  

Sasi takes on the newly created CSO position after leading Manhattan West’s overall investment strategy in the blockchain and crypto economy as its Managing Director of Digital Assets. In his new role, Sasi will develop and implement strategic plans to build toward a technology-enabled future for Manhattan West’s comprehensive private wealth and alternative investments platform. He’ll also work closely with McCoy on critical growth initiatives. Sasi joined Manhattan West in July 2021 after several years in early-stage venture capital at premier firms including Dreamers VC, AmFam Ventures, Healthbox, and others. Previously, he served as a strategic advisor to the Ministry of Health in Haiti, where he lived for several years, starting as an analyst with the Clinton Foundation. He holds a B.A. from Washington University in St. Louis and an MBA from The University of Chicago Booth School of Business.

“Manhattan West is a veritable pioneer when it comes to embracing alternative investments — including digital assets — and bringing them to high-net-worth clients,” said Sasi. “I want to thank Lorenzo for this opportunity to build alongside our accomplished and highly intelligent team. I couldn’t be more optimistic for our shared future.”

In 2022, Manhattan West celebrates six years in business after Esparza broke away from J.P. Morgan to launch the firm. Since inception—buoyed by the maturation of its Private Wealth, Business Management, Tax and Alternative Investments verticals —Manhattan West has substantially grown its head count, AUM, and revenue year-over-year.

An immersive storytelling experience, the exhibition tells the extraordinary story of motorsport’s greatest spectacle, produced by Round Room Studios in collaboration with Manhattan West

LOS ANGELES – Manhattan West, a global strategic investment firm, has announced that Manhattan West Private Equity is the lead investor in the Formula 1® Exhibition through the firm’s partnership with world-renowned production company, Round Room Studios. Formula 1 reached an agreement with Round Room Studios to produce a first-of-its-kind international traveling exhibition covering the exciting past, present, and future of the FIA Formula One World Championship™, and Manhattan West’s investment will power the development of this immersive experience for Formula 1 fans across the world.

The first official Formula 1 Exhibition will open in Madrid on Friday, March 24, 2023. Hosted at the renowned IFEMA MADRID venue and running until Sunday, July 16, 2023, this first-of-its-kind exhibition is set to provide an adventure through the extraordinary world of Formula 1. The show boasts a wide range of never-before-seen artefacts and contributions from the sport’s most legendary teams, experts, and personalities.

The exhibition is delivered across six purpose-built rooms, each specially designed in partnership with award-winning artists, filmmakers, and craftsmen. Delving far beyond what fans have ever seen before, the show uses bold, technology-led design features and large-scale interactive displays to lift the lid on Formula 1’s past, present, and future.

Several years in the making, the stunning 90-minute experience neatly combines spectacular audio-visual design, rare film and imagery, engineering and educational displays, sculptural pieces, and iconic grand prix cars to deliver an immersive experience for everyone – from avid followers to younger fans and families.

“To partner with Round Room Studios and help the sophisticated team there develop the Formula 1 Exhibition is a thrilling opportunity for Manhattan West,” said Matt Gibbons, Managing Director and head of Manhattan West Private Equity. “Formula 1 is a sport that needs to be experienced in-person, and the state-of-the-art Formula 1 Exhibition will be an unforgettable opportunity for fans around the world to see, discover, and feel the power that is the world’s fastest-growing sports brand.”

Manhattan West’s Private Equity team specializes in the media, entertainment and sports verticals and its investor network of executives, entertainers, and athletes are strategic partners in this investment.

For more information and to purchase tickets, please visit f1exhibition.com. Tickets will go on sale on Thursday, December 1.

About Round Room Studios & Round Room Live

Round Room Studios and its US affiliate Round Room Live are the producers and promoters of travelling exhibitions and theatrical shows. They specialize in transforming iconic intellectual property into unique, technology-led entertainment experiences that are tailored to the distinct character of each rights holder and which can engage audiences all around the world.

Round Room Live specializes in transforming iconic intellectual property into unique, technology-led entertainment experiences that are tailored to the distinct character of each rights holder and which can engage audiences all around the world. Round Room Live’s current roster of travelling exhibitions and immersive entertainment experiences includes Jurassic World: The Exhibition, Tupac Shakur. Wake Me When I’m Free, and Mandela: The Official Exhibition. Round Room is a leading player in the family theatrical touring business and its show roster includes: Baby Shark Live!, Blippi The Musical, Peppa Pig Live, Blues Clues Live, and PJ Masks Live! Save the Day.

About Formula 1®

Formula 1® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series. Formula One World Championship Limited is part of Formula 1® and holds the exclusive commercial rights to the FIA Formula One World Championship^TM. Formula 1® is a subsidiary of Liberty Media Corporation (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) attributed to the Formula One Group tracking stock. The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company. All rights reserved.

NEW YORK – Round Room Live, one of the world’s top family entertainment producers, has announced that founders and executives, Stephen Shaw and Jonathan Linden, have completed a management buyout of its lead investor, a subsidiary of Hasbro, Inc. The acquisition was backed by Manhattan West, a Los Angeles-based strategic investment firm.

“This deal is a significant milestone for Round Room, which has become one of the most dynamic live entertainment producers and promoters in the world,” said Stephen Shaw, Founder and Co-President. “This new partnership with Manhattan West will fuel our ambitious growth plans to distribute exciting entertainment experiences on a global scale.”

Led by Stephen Shaw and Jonathan Linden, Round Room Live has been hailed by Billboard as “the new leader in the family show entertainment space,” specializing in transforming intellectual property into engaging and thrilling live events. Round Room Live’s current roster of touring shows and exhibitions include: Baby Shark Live!, Blippi The Musical, Peppa Pig Live, Blue’s Clues & You! Live On Stage, Jurassic World: The Exhibition, Mandela: The Official Exhibition, Tupac Shakur. Wake Me When I’m Free and Formula 1: The Exhibition, which will launch early in 2023.

“We are excited to continue to grow this exceptional business together with our new partners at Manhattan West. eOne and Hasbro were a great home for Round Room starting in early 2018, and I want to thank Darren Throop and the eOne and Hasbro teams for their support and partnership.  We look forward to continuing to work with Hasbro on live tours for some of its most iconic brands,” said Jonathan Linden, Co-President of Round Room.

“To partner with the world class management team at Round Room Live in order to grow the company and develop iconic live entertainment is an incredible opportunity for Manhattan West.  As industry leaders in experiential entertainment, the Round Room team has our full support as they continue to expand their global footprint,” said Matt Gibbons, Managing Director and head of Private Equity at Manhattan West.

The share purchase deal closed on Friday October 21^st.

For more information on Round Room Live’s touring theatrical productions or events and exhibitions, please visit roundroomlive.com.

About Round Room Live

Round Room Live is the leading producer and promoter of exhibitions and family show entertainment, specializing in transforming both new and iconic intellectual property into engaging and thrilling live events. Round Room creates unique live experiences tailored to the distinct character of each property and produces the highest quality productions for audiences around the world.

Their current roster of touring theatrical shows includes: Baby Shark Live!, Blippi The Musical, Peppa Pig Live, and Blue’s Clues & You! Live On Stage. Round Room’s Immersive and Entertainment Experiences division is currently touring: Jurassic World: The Exhibition, Mandela: The Official Exhibition, Tupac Shakur. Wake Me When I’m Free, and Formula 1: The Exhibition, which is set to launch in early 2023.

LOS ANGELES, CA and WEST LAFAYETTE, IN — Vestigo Aerospace, a space technology company focused on deorbit systems, has closed a seed funding round with an investment of $375,000 from Manhattan West, a Los Angeles-based strategic investment firm. NASA will provide a 1:1 match of Manhattan West’s investment through a Small Business Innovative Research Phase II-Extended (SBIR Phase II-E) contract.

The seed funding and the matching NASA SBIR Phase II-E award will enable Vestigo Aerospace to establish the commercial manufacturing process for Vestigo’s product line of dragsails currently in development. The dragsails are designed to enable the timely deorbit of space vehicles, including CubeSats, small satellites and launch vehicle upper stages. Initial sales are anticipated for 2023.

Vestigo’s dragsails offer standardized mechanical and electrical interfaces to the host vehicle, allowing straightforward integration. The dragsails can be deployed on command or via a backup timer, providing reliable deorbit capability even if the host vehicle is inoperative.

“The Spinnaker product line of dragsails addresses the growing need for reliable end-of-mission deorbit capability in order to maintain the sustainability of low-Earth orbit,” said David Spencer, founder and CEO of Vestigo Aerospace. “Bolt-on dragsails represent an ‘ounce of prevention’ approach to the orbital debris problem that, if left unchecked, could halt the growth of the orbital economy.”

Lorenzo Esparza, founding principal and CEO at Manhattan West, said, “At Manhattan West, we are committed to being active investors in emerging spaces, disruptive sectors, and identifying long-term secular shifts developing in the markets. We’re thrilled that our strategic investment in Vestigo will support the company’s development as it establishes its name as a leading player in deorbit systems and the space industry.”

Spinnaker dragsails are sized to enable the host vehicle to meet regulatory guidelines for deorbit duration. Currently, the U.S. Federal Communications Commission mandates deorbit from low-Earth orbit within 25 years of end-of-mission. The FCC offers streamlined licensing, with cost savings in application fees of over $440,000, for commercial small satellites that can deorbit within six years of launch. The FCC has an upcoming vote on September 29, 2022, which is likely to mandate a 5-year deorbit requirement for all satellites.

Before the seed round, Vestigo Aerospace funded dragsail technology development through NASA SBIR Phase I and Phase II contracts, and matching funds from Indiana-based Elevate Ventures. For more information on the evolution of Vestigo and its commercial dragsail solutions, visit vestigoaerospace.com.

Vestigo Aerospace licensed the dragsail technology through the Purdue Research Foundation of Office Technology Commercialization. The company was a client of the Purdue Foundry, an entrepreneurship and commercialization hub whose professionals help Purdue innovators create startups.

About Vestigo Aerospace

Established in 2019, Vestigo Aerospace has quickly become an industry leader in dragsail technology. Vestigo is committed to preserving the space environment and high-utility orbits through deorbiting SmallSats and CubeSats. For more information, visit: vestigoaerospace.com.

LOS ANGELES – Manhattan West Real Estate, a division of Manhattan West, a global strategic investment firm offering an integrated platform of investments and services, has announced plans for development of two multifamily properties totaling 102 units in Los Angeles’ historic Echo Park neighborhood.

Manhattan West and its joint venture partner, Local Development, are currently pursuing development entitlements with the City of Los Angeles via its Transit Oriented Communities Affordable Housing Incentive Program (TOC) for 801-809 N. Alvarado Street (801 Alvarado) and 900-908 N. Alvarado Street (900 Alvarado) which are situated one-block apart.

Earlier this month, the joint venture acquired 900 Alvarado which totals 15,000 square feet (sf) of land, for $4.0 million. In December 2021, it acquired 801 Alvarado, a 12,678-sf site, for $4.25 million and will be demolishing the existing vacant structures in early September. Once entitlements are finalized, construction on both projects is anticipated to begin in late 2023, with completion targeted for approximately 24 months post-groundbreaking.

“Echo Park has been thriving over recent years due in part to its convenient location to a number of employment centers, expanding base of trendy local restaurants and shops, and diverse community of artists, musicians and other creatives,” said Adam Norvell, managing director of real estate at Manhattan West. “With this most recent site acquired, we are looking forward to bringing two much-needed, high-quality rental projects with a total of 10 affordable units to Echo Park.”

Both properties will offer residents one-, two- and three-bedroom units with balconies in most units, and a rooftop deck, among other amenities. They will also include a number of energy efficient features such as EV charging stations and solar.

900 Alvarado is planned for 47 units. The building will include five stories of residences over a two-level, 48-car subterranean parking garage and a fitness center.

801 Alvarado is planned for 55 units. The building will include five stories of residences over a two-level, 40-car subterranean parking garage. 

Norvell added, “The greater Los Angeles region continues to experience outsized demand for rental product with an extremely tight vacancy rate under 4%. Manhattan West has been proactively seeking opportunities to build residential product that will help provide much-needed housing to supply-constrained, employment-rich markets here as well as throughout Southern California.”

Hankey Capital, a bridge lender based in west Los Angeles, originated the senior financing on the acquisitions of both properties.  

Warren Techentin is designing 801 Alvarado and DE Architects is designing 900 Alvarado.

Manhattan West Real Estate is a community-focused real estate team uniquely positioned as an owner, operator and manager of multifamily and industrial properties and has sought to add value to the communities it operates in and positively impact the tenants and residents of its buildings. Since inception, the group has focused on targeting value-add and opportunistic assets. 

About Local Development: Local Development is a comprehensive real estate firm specializing in the acquisition, entitlement and development of ground-up multifamily projects in Los Angeles.  Founded by principal Jason Grant, a local Angeleno, the company’s mission is to help address the daunting housing shortage across the greater Los Angeles area. With over a decade of experience, Local Development is focused on creating sustainable and thoughtful housing through urban development.

LOS ANGELES–(BUSINESS WIRE)–Manhattan West, a global strategic investment firm offering an integrated platform of investments and services, announced today that the Manhattan West Private Equity Fund completed its growth equity investment in Vino Vault and is now its largest shareholder.

Following five successful acquisitions, and the hiring of Jeff Smith as Chief Wine Officer, Vino Vault will leverage Manhattan West’s investment to continue capitalizing on the highly-fragmented wine storage market. Vino Vault offers a comprehensive wine storage network for general enthusiasts and serious collectors, providing a full suite of services, including concierge-style wine storage, expert inventory organization, collection analysis and turnkey auction management services.

“As our physical presence expands across the country, our goal is to become the nation’s leading wine storage and value-added ancillary services provider,” said Jeff Anthony, President and CEO at Vino Vault. “The funding and intellectual capital we’ve gained from Manhattan West will help us redefine the way people think about and manage their wine collections. Manhattan West’s expertise in serving high-net-worth individuals and families, in addition to its familiarity and experience in our industry, is critical in driving us toward our mission to make wine collecting simple, enjoyable, and hassle-free.”

Vino Vault has locations in Los Angeles, New York City, and Dallas and, through its acquisition-based growth strategy, the company has been growing its network at a rapid pace. Vino Vault recently acquired La Cave Warehouse in February 2022, the New York Wine Storage Company in January 2022, and expects to announce new acquisitions soon. With an objective of having a presence in every major market in the world, Vino Vault’s latest capital infusion, advised by Fluential Partners, will enable the penetration of new markets across the US, as well as identify new opportunities in Europe. Additionally, the company plans to deploy capital toward building best-in-class technology offering a seamless user experience to all clients globally.

“Vino Vault has grown substantially and recent momentum shows a clear capability to establish themselves as a dominant player in the wine market,” said Matt Gibbons, Managing Director and Portfolio Manager of the Manhattan West Private Equity Fund. “At Manhattan West, we strive to help our partners drive exponential growth, and we are confident that Vino Vault’s scalable and profitable business model combined with their highly skilled leadership team will allow us to do just that. Manhattan West is thrilled to empower Jeff and his team as they identify and execute on strategic opportunities to continue their hyper growth trajectory.”

The Manhattan West Private Equity Fund is an active value-add investor in lower middle market companies focused in the media, entertainment, sports, and consumer sectors. The Fund is currently open to new investors with plans to close later this year.

About Vino Vault

Vino Vault is a comprehensive wine storage network that allows clients to manage collections on a modern inventory platform offering comprehensive inventory data, tasting notes, and drinkability recommendations, along with market valuations for insurance and auctions consideration. Vino Vault exists to make wine collecting simple, enjoyable and hassle-free. Learn more at vinovaultwine.com.

Real estate investment firms secure rare value-add multi-tenant industrial warehouse asset in supply-constrained Southern California San Gabriel Valley submarket

SAN DIMAS, Calif. – May 10, 2022 – RanchHarbor, a real estate investment firm based in Newport Beach, Calif., and Manhattan West, a fully integrated real estate investment and management firm based in Los Angeles, announce their joint venture (JV) partnership in the acquisition of a five-acre multi-tenant industrial warehouse property in San Dimas, Calif. The value-add asset includes four individual buildings encompassing 91,000 total rentable square feet across 44 individual suites. The JV purchased the property 98% occupied, substantially below replacement cost and at an attractive basis through an off-market transaction from a private seller. Terms of the deal are not disclosed.

“The San Dimas investment represents a unique opportunity to purchase a multi-tenant industrial asset in a desirable and highly supply-constrained San Gabriel Valley submarket well below replacement cost,” said John Meek, managing principal at RanchHarbor. “With little to no new construction of small-bay industrial product in the submarket, this specific type of multi-tenant product is cost-prohibitive to build in many parts of the Los Angeles Basin due to the lack of available developable land, rapidly increasing land values and high construction costs. RanchHarbor is excited to have secured the asset with Manhattan West and we look forward to executing on another well-thought-out business plan with their team.”

The San Dimas property’s four concrete tilt-up structures feature 14-foot to 18-foot clear height and 44 ground-level doors. Unit sizes range from 1,232 square feet to 6,250 square feet. The property was originally built in 1979 and renovated in 2005 and has a 10‐year historical average occupancy of 95%. The JV’s business plan is to perform deferred maintenance and capital improvements to the property including “white boxing” to improve its marketability.

The asset is located in Greater Los Angeles in East San Gabriel Valley at 221-299 Allen Avenue and 906-924 Cataract Avenue. Positioned along the south side of the 210 freeway at the San Dimas Avenue exit, the property offers freeway identity and efficient connectivity to major transportation thoroughfares. It is less than a mile to the 57/210 freeway interchange and is accessible to the I-10, I-605 and I-15 freeways.

According to Costar, the East San Gabriel Valley industrial submarket’s vacancy is less than 1%, as of Q1 2022, and availabilities are more limited than in many other industrial locations in L.A. County. The direct availability rate is 1.5% compared to 2.6% at the metro level.

“San Dimas and the San Gabriel Valley are experiencing decreasing supply of small-bay industrial product due to up-zoning of industrial land and older industrial buildings being redeveloped for larger distribution assets,” said Adam Norvell, managing director of real estate at Manhattan West. “The area’s lack of new construction and long‐term redevelopment trends combined with strong demand for small‐bay space provides a favorable occupancy outlook for the San Dimas investment. Manhattan West is pleased to partner with RanchHarbor’s knowledgeable team again after the success of our previous L.A County value-add investment.”

The San Dimas investment is RanchHarbor and Manhattan West’s second JV partnership. The two firms recently completed the renovation and lease up of a 18,000-square-foot value-add industrial property in Signal Hill, Calif. The property is currently being marketed for sale.

The San Dimas transaction was facilitated by Lee & Associates with the JV represented by Jack Haley and the seller represented by Todd Launchbaugh and Justin Leewood.

This investment marks RanchHarbor’s ninth acquisition since the firm’s launch in 2020, and the first investment in RanchHarbor Fund I, a $25 million fund targeting value-add real estate investments. With more than $140 million in assets currently under management, RanchHarbor continues to pursue value-add general partner (GP) and limited partner (LP) real estate investment opportunities in select U.S. markets with targeted equity commitments between $3 million and $10 million. RanchHarbor recently expanded its reach to the eastern U.S. with the acquisition of RV Storage Depot, a 55-acre recreational vehicle and boat storage facility in Altamonte Springs, Fla.  

Since 2019, Manhattan West has invested in four separate industrial assets, totaling over 145,000 square feet in Southern California. In addition, the firm has acquired over 150 multifamily units in Los Angeles and is in the process of entitling over 200 units for ground-up development.  The firm is actively seeking value-add and opportunistic industrial and multifamily investment opportunities in major western U.S. markets, with a focus on Los Angeles. 

ABOUT RANCHHARBOR

RanchHarbor is an integrated real estate investment firm based in Newport Beach, Calif., focused on investing in sub-institutional value-add opportunities. RanchHarbor offers joint venture equity and general partner co-invest equity, targeting commercial and multifamily real estate investments between $2 million and $15 million in select U.S. markets. The firm also provides sophisticated asset management, capital advisory and receivership services to institutional and private investors, asset owners and operators. Since its founding in 2020, RanchHarbor has closed on nine investments exceeding $100 million in total AUM across five states.  For more information, visit ranchharbor.com. Follow the company on LinkedIn.

ABOUT MANHATTAN WEST REAL ESTATE

The Manhattan West Real Estate Group is a community-focused real estate team uniquely positioned as an owner, operator and manager of multifamily and industrial properties and has sought to add value to the communities it operates in and positively impact the tenants and residents of its buildings. Since inception, the group has focused on targeting value-add and opportunistic assets.

Manhattan West adds to its diverse leadership team with the promotion of financial advisor Angie Spielman

LOS ANGELES–(BUSINESS WIRE)–Manhattan West, a modern investment firm with a vertically integrated platform of in-house services and investments, is pleased to announce the promotion of Angie Spielman to Founding Partner. An experienced and accomplished financial advisor, Spielman focuses on empowering women to build generational wealth and establish financial independence, especially those who require estate planning guidance or have experienced a major liquidity event, such as a divorce, a spouse’s passing, or the financial tailwinds of a business sale.

“Where I grew up in Latin America, the patriarch typically assumes the role of managing finances for their family, but I grew up seeing my mother manage our family’s finances, inspiring me from an early age to take ownership of my financial health,” said Spielman, who grew up in Panama until moving to the U.S. at age 15. “It is my passion to listen to and to guide women through financial literacy and education as their trusted advisor, helping them navigate the complexities of life events. I am exceedingly grateful for the opportunity to use my skillset and experience to uplift women, empowering them to live their best financial lives every day at Manhattan West.”

In 2016, Spielman joined Manhattan West’s CEO and Founding Principal, Lorenzo Esparza, in breaking away from J.P. Morgan to launch the firm. She has been alongside Esparza as Manhattan West has grown its revenue and assets under advisement by a compound annual growth rate of 81% and 32%, respectively, since the firm’s inception. Spielman provides tailored wealth management services to high-net worth individuals and families, corporations and nonprofit institutions. In her role as Founding Partner, she utilizes her deep experience across the financial services landscape, having held numerous positions in fixed income trading, commercial banking, and private wealth management, to further drive the success of the firm.

Esparza, whose parents immigrated to the U.S. from Mexico before he was born, is committed to building a diverse team at Manhattan West. Spielman, Chief Administrative Officer, Kate Kurz, who joined Esparza and Spielman as they departed J.P. Morgan to launch Manhattan West, and Business Managers, Lauren Adovasio and Elizabeth Campos, are just a few of the women at the forefront of the firm’s bespoke approach to client service by way of its Private Wealth, Business Management, Tax and Alternative Investment verticals.

“Manhattan West wouldn’t be where we are today without Angie. She has been an integral contributor to our growth and a fantastic partner from day one,” said Esparza. “As we celebrate Women’s History Month, I cannot think of anyone more deserving to be acknowledged for her commitment to the financial success of women than Angie. She is truly a role model for everyone and anyone pursuing a career in financial services.”

Spielman began her career in New York at Bloomberg before joining J.P. Morgan Asset Management, supporting their Chief US Economist in the fixed income trading group. Prior to joining Manhattan West, she worked in the Commercial Banking division at Bank of America and J.P. Morgan. Outside of her role at Manhattan West, Spielman is a member of the Finance Committee at the San Diego Jewish Academy.

Manhattan West’s platform of services and alternative investments represents the make-up of a modern investment firm. Providing its private wealth and institutional investor clients access to diversified investments in the form of Private Equity, Venture Capital, Real Estate, Private Debt and Digital Assets, the firm has built a unique platform of investments and services to serve the modern investor.