Real Partnerships Create Real Value

Lenox West Capital is an integrated investment management company that executes various commercial real estate strategies on behalf of family office investors. Lenox West Capital and its investment team have a deep and proud heritage within the real estate sector that can be traced back nearly six decades.

Innovative Approach
Lenox West Capital has three core investment principles that guide our business.
Balance
Long-term outlook of a family office with the rigorous competencies of a private equity investor, backed by a nimble and proactive approach to our business.
Focus
Practical, opportunistic and decisive decision-making, enabling us to zero in on select opportunities that generate compelling risk-adjusted returns, as opposed to being pressured to hit certain investment horizons.
Diversification
Investments in a vast range of commercial real estate strategies across multiple asset classes and geographies, targeting opportunities that offer long-term compounding returns and are solidly positioned for growth.

Creating Value

Lenox West Capital unites the discipline and expertise of a time-honored family office with the flexibility and innovative thinking of a contemporary institutional investor. We channel these strengths to cultivate enduring partnerships with select investors, and we develop targeted commercial real estate investment strategies that generate sustainable value.

Targeted Investments

Lenox West Capital is building a diversified commercial real estate investment portfolio that seeks to generate long-term appreciation to produce exceptional, risk-adjusted returns. We have more than 50 years of operating history, backed by strong industry relationships and deep entrepreneurial roots positioning us to help our partners, giving them access to expert acquisition and development support, deep fundraising capabilities and proven execution skills. In addition, Lenox West Capital combines the advantages of a family office – including a long-term investment perspective and a nimble approach – with the rigorous competencies of private equity investors, enabling us to identify and develop the most promising market opportunities. 

Our Investment Vehicles

Co-GP Housing Solution Platform

Provides general partners deal-by-deal and programmatic co-investment equity, as well as growth capital to commercial real estate operators and developers who are focused on residential value-add and opportunistic investments.

Thematic LP Strategies Platform

Limited partner joint venture investments alongside owner operators and developers that have well-defined, thematic commercial real estate strategies across asset classes and geographies that have the potential to deliver both long-term compounding returns and appreciation.

Real Estate Technology Platform

Direct and indirect venture and private equity investments in construction and property technology that can provide outsize, risk-adjusted returns, while positioning Lenox West Capital to generate future value for our commercial real estate investments and partners.

Our Team

Michael Krupp

C0-Founder

Co-Founder of Lenox West Capital and the Managing Director of the George Krupp Family Office. During his more than 25 years in the industry, Michael has worked in nearly every aspect of commercial multi-family real estate, including portfolio management, property operations, and acquisitions for the Berkshire Group; mortgage underwriting for Berkshire Mortgage Finance; and commercial property appraisals for Metropolitan Valuation Services.


Michael is the founder and owner of Area Four Restaurant Group, and he serves on the boards of Berkshire Residential Investments, The Krupp Family Foundation, and The New Roads School of Santa Monica. Michael is also a member of ULI, NMHC, PREA, and FOX. Michael holds a Bachelor of Arts degree from Boston University.

Michael Cohen

C0-Founder, CIO

Co-Founder, Managing Director, and Chief Investment Officer of Lenox West Capital. Prior to this, Michael held a variety of positions within the acquisitions, investment management, capital markets, workout advisory, and corporate solutions practices at Madison Marquette. Prior to Madison Marquette, Michael has filled key roles at The Roseview Group, Laird Norton Properties, Kinzer Real Estate Services, and The Greenberg Group, and he has been instrumental in closing in excess of $5.0 billion in transactions.

Michael holds a B.B.A. from the Goizueta Business School at Emory University; a M.S. in Real Estate Finance and Investment from New York University; and a J.D. from Touro Law Center. He is a member in good standing to practice law in both New York and New Jersey. Michael is a former member of NAIOP Washington State Board of Directors and currently serves on the board for NAIOP National Mixed-Use Forum. Michael is also a member of NMHC.

Isidro Garcia

Vice President of Investments

Vice President of Investments for Lenox West Capital. Isidro has 10 years of transactional experience working with private equity investment and development funds in the most important real estate investment markets in North America.


Prior to joining Lenox West Capital in 2022, he helped launch the real estate division of Mota-Engil Latin America, where he structured a large public-private partnership and several joint venture partnerships for the development of a master-planned club and resort on Mexico’s Pacific Coast. Previously, Isidro was part of the transactions team at Prudential Real Estate (PGIM), where he evaluated investment opportunities in the Northeast, Mid-Atlantic, and Midwest regions, underwriting $5.7 billion in acquisitions and development deals across a broad range of asset classes.


Isidro has a B.S. in Art and Design from the Massachusetts Institute of Technology. Additionally, he is a joint degree graduate from Yale University with a Master of Architecture from the Yale School of Architecture and an MBA from the Yale School of Management.

Ronell Firouz

Senior Associate, Investments

Senior Associate of Lenox West Capital. Ronell is responsible for sourcing, underwriting, structuring, and executing portfolio investments. Prior to his role at Lenox West Capital, Ronell held a position at Cottonwood Group – a vertically integrated private equity real estate firm based in Los Angeles where he executed nearly $250M in transactions, focusing primarily on multifamily, student housing, and special situations.

Previously, Ronell worked for Imperial Capital, a boutique investment bank based in Los Angeles focused on Consumer and Security verticals, and collectively advised on M&A transactions with enterprise values in excess of $2 billion; he also worked at The Walt Disney Company in International Treasury, focusing on Forex, cash management, and park financings.

Ronell graduated magna cum laude with a B.S. in Business Administration from USC’s Marshall School of Business.

Ivaylo Kirkov

Assistant Controller

Assistant Controller at Lenox West Capital, Ivaylo has 14 years of reporting and auditing experience in financial services as well as process transformation and technology enablement and implementation.


Prior to joining Lenox West Capital in 2024, Ivaylo was a Reporting Director at John Hancock Investment Management where he oversaw the financial reporting process for over 200 registered and non-registered funds. Prior to that, Ivaylo was Audit Senior Manager at Deloitte, serving some of the largest and most complex funds operating in the Northeast United States.


Ivaylo is a CPA and has a B.A. in Accounting from Suffolk University.

Mark Masterson

Vice President of Capital Markets & Investor Relations

Vice President of Capital Markets & Investor Relations for Lenox West Capital. Mark leads Capital Markets & Investor Relations at Lenox West Capital, where he is responsible for capital markets and investor relations across the firm’s housing-focused investment platform. He brings over a decade of experience in real estate private equity, structured finance, and fundraising, with a focus on multifamily, Build-to-Rent, and SFR rental strategies.

Prior to joining Lenox West, Mark served as Senior Vice President at Foundation Specialty Finance, where he led capital raising, investor onboarding, and deal structuring for multiple investment funds. He previously headed real estate and alternative investments at Sutter Post Advisors, where he strategized and executed capital raises on behalf of sponsors raising capital for direct investments, funds, credit vehicles, and corporate investments. Mark began his career in real estate investment roles at RealtyShares, 643 Capital Management, and Ipreo, and has been instrumental in raising and deploying capital across a wide range of investment structures including joint venture equity, preferred equity, and senior debt.

He holds a B.A. from Bucknell University, where he captained the Division I men’s water polo team and was a two-time recipient of the university’s top leadership awards while earning Division I All-America honors.

Ronell Firouz

Senior Associate, Investments

Senior Associate of Lenox West Capital. Ronell is responsible for sourcing, underwriting, structuring, and executing portfolio investments. Prior to his role at Lenox West Capital, Ronell held a position at Cottonwood Group – a vertically integrated private equity real estate firm based in Los Angeles where he executed nearly $250M in transactions, focusing primarily on multifamily, student housing, and special situations.

Previously, Ronell worked for Imperial Capital, a boutique investment bank based in Los Angeles focused on Consumer and Security verticals, and collectively advised on M&A transactions with enterprise values in excess of $2 billion; he also worked at The Walt Disney Company in International Treasury, focusing on Forex, cash management, and park financings.

Ronell graduated magna cum laude with a B.S. in Business Administration from USC’s Marshall School of Business.

Ivaylo Kirkov

Assistant Controller

Assistant Controller at Lenox West Capital, Ivaylo has 14 years of reporting and auditing experience in financial services as well as process transformation and technology enablement and implementation.


Prior to joining Lenox West Capital in 2024, Ivaylo was a Reporting Director at John Hancock Investment Management where he oversaw the financial reporting process for over 200 registered and non-registered funds. Prior to that, Ivaylo was Audit Senior Manager at Deloitte, serving some of the largest and most complex funds operating in the Northeast United States.


Ivaylo is a CPA and has a B.A. in Accounting from Suffolk University.

Briana Mangano

Executive Assistant

Executive Assistant at Lenox West Capital. Briana has a strong background in the real estate industry holding jobs at Brookfield Residential and most recently, CloudKitchens. Briana excels in managing schedules, coordinating meetings, and handling various projects with attention to detail. Throughout her career, she has collaborated with numerous real estate professionals, contributing to streamlined operations and improved productivity.


Briana holds a Bachelor’s degree in Psychology and Communications from San Jose State University.