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Home Business

REAL ESTATE INVESTMENT & MANAGEMENT: Gancman

LA Business Journal by LA Business Journal
Nov 11, 2024 9:00 am EST
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Gancman

Cityview, a premier multifamily investment management and development firm, has promoted Damian Gancman to Chief Investment Officer (CIO). In his expanded role, Gancman will oversee the operations of Cityview and its investments and focus on driving Cityview’s growth as it pursues strategic acquisition, entitlement and development opportunities during an extremely active time for the firm.

Cityview’s promotion of Gancman comes at a time when the firm is highly focused on deploying capital from its recently closed seventh discretionary fund while continuing to leverage co-investment and joint venture relationships to pursue strategic investment opportunities.

The firm has been extremely busy in recent months, with major transactions including the closing of Cityview’s most recent fund; the acquisition of Silva – a newly constructed 221-unit, Class A multifamily community in Silver Lake; the acquisition of Tralee Village – a 130-unit multifamily project in Dublin, California; two recap transactions totaling 11 assets; and the disposition of Elan Mountain View – a 164-unit multifamily project in Mountain View, California.

A 19-year veteran of Cityview, Gancman is also a partner and member of the firm’s investment committee. As Chief Operating Officer and Chief Financial Officer, Gancman oversaw asset management, property management and accounting. He also helped create a multitude of strategic initiatives to support Cityview’s rapid growth, including the launch of Cityview’s property management division, the creation of its opportunity zone fund platform and the build out of its finance and capital markets teams.

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LA Business Journal

LA Business Journal

The Los Angeles Business Journal, established in 1979, is a weekly newspaper and online news source in Los Angeles, California, which provides coverage of local business news. According to the Journal's website, it has a weekly print circulation of 24,000 and over 40,000 unique monthly website visitors.

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