Downtown LA Multifamily Meetup

Meetup Leaders

Ashish Bansal

Jay graduated from UCLA in 2015 with cum laude in civil engineering. He is an active investor, developer, and writer. His first apartment syndication project was the 42-unit value-add deal in Tucson as a Limited Partner. The deal is located within 0.3 mi from Whole Foods and priced at $40,000/unit – this project is expected to generate 15% IRR. He is currently syndicating other multifamily properties with value-add opportunities in Phoenix and Tucson as a General Partner.

He started working at CIM Group in 2017 full-time as an Assistant Construction Manager/Analyst on the development team. His responsibilities include entitlements, cost management, and construction management for ground-up projects, such as apartments, mixed-used, and hotels. Jay recently finished a $80 million ground-up development project with 169 units and 36,000 SF of ground floor retail.

Before working at CIM, Jay worked for Pankow Builders on large construction projects. They are the R3 Metropolis with 60-story and 27-story towers in DTLA and the luxurious EDITION Hotel in West Hollywood.

Jay is currently one of the leaders of a real estate investment group called the, which grew to 1,800+ members in a year. This group has multiple meeting locations across the States, and Jay hosts the Downtown Los Angeles meetup with Gary Lipsky. Jay aspires to develop co-living projects in the future. When he has free time, he travels, plays basketball, snowboards, and golfs.

Gary Lipsky

Break of Day Capital- President
Real Estate Experience

Gary has been a real estate investor since 2002. He runs four real estate meet-up groups in Los Angeles and Phoenix, is a regular at real estate conferences nationwide and has been a guest on many podcasts. Gary is Real Estate Financial Modeling Certified. He’s also an experienced and successful business operator.

Multifamily Holdings total 1713:
Exchange – 436 units, Duncanville, TX
Montgomery – 208 units, Arlington, TX
Ridge on Randol- 356 Units, Arlington, TX
Lexingtown- 410 units, Richardson, TX
Sahuaro Point Villas – 20 units, Tucson, AZ
NoHo- 37-unit development project, CA
Hampton Hollow – 76 units, Crowley, TX
Midtown on 2nd – 42 units, Tucson, AZ
East 3434 – 128 units, Phoenix, AZ
Business Experience

Gary is the Founder/President of Break of Day Capital since 2017 which syndicates real estate opportunities. They focus primarily on C Class value add opportunities in high growth population areas. Prior to that, Gary was the Founder/Co-President of arc from May, 2001 to December, 2016. He grew the company to over $12 million in revenue and over 700 employees while positively affecting over 9,000 students daily throughout Southern California.

Gary is also one of the founding Board Members of CORE Educational Services. He founded the non-profit to change the lives of under-served youth throughout Southern California in 2005. Gary was also an independent Film Producer from 1994 to 2001. He went to Boston University and graduated with a Bachelor of Science in Business Administration in 1992.