Leaders in Limited Partner Interest Investments

As a Principal and founding partner, Jay directs all aspects of LP Equity’s real estate investment fund including identifying new projects, financial analysis, due diligence, contract negotiation, acquisition, portfolio management, recapitalization, and dispositions. Jay has over 15 years of experience in the limited partner investment industry and prides himself in being able to structure mutually beneficial transactions and partnerships.

Since co-founding LP Equity, Jay has spearheaded the fund’s investment in over 300 multifamily housing communities totaling 35,000 apartment units and 1,400,000 square feet of commercial real estate. In his career he has overseen capital investments in 43 different states with a combined asset value in excess of $2 billion. He has also directed LP Equity’s expanded commercial real estate portfolio that includes investment positions in office, retail, industrial, and health care assets.

Before co-founding LP Equity Jay was, for seven years, acting VP at First Atlantic Capital, a large private equity investment fund focused on limited partner and general partner acquisitions.

Jay has a Masters degree in Business Administration and a Bachelor’s degree in Finance from East Carolina University. He resides in Wilmington, NC.

Bringing over 10 years of experience in the affordable housing market to LP Equity, Adam McNutt, LPE’s second partner, has thus far facilitated the purchase of minority interests for LPE in over 75 partnerships across 15 States. His main responsibilities include targeting and analyzing market rate and un-subsidized properties for limited partner buyouts and collaborating with owners, partners and industry leaders in order to bring about timely, creative and meaningful transactions.

Another First Atlantic Capital alumnus, Adam has, through the course of his career, worked closely with managing partners and other industry pioneers, gaining valuable insight into the multi-family and affordable housing industry. He has a Bachelor of Science in Finance from the University of North Carolina at Wilmington and currently lives in Wilmington, NC with his daughter Kendra, and his two sons, Caden and Tristan.

As LPE’s commercial underwriter, Eric Goldfarb has headed up the team’s recent foray into the commercial real estate market, a position he feels uniquely prepared for due to his decades of experience maneuvering through the world of New York real estate. His responsibilities with LPE include conducting market research, building dynamic financial models to evaluate potential acquisitions, and acting as the main point of contact between limited partners and investor groups for commercial acquisitions.

Besides being an active partner with LPE, Eric has worked for over two decades in New York City as a Senior Manager, a position he holds currently with Dayton Holdings International N.V., a private real estate investment company with over $200 Million in assets. Eric has a Bachelor of Science in Business Administration and Finance from the University of Rhode Island, and has continued to live in Wilmington with his wife Lauren and daughters Nicole and Courtney.