UPDATE: This event is SOLD OUT. Thank you for your interest, and be sure to look out for future events! Please email YALA@jewishla.org with any questions.
Lunch and Construction Tour
Real Estate professionals are invited to an intimate lunch with Michael Sorochinsky, founder and CEO of Cypress Equity, and for a tour of their Next on Sixth project, a massive, mixed-use building under construction in Koreatown.
Tuesday, November 7 at 12:30pm
Location provided upon RSVP
As founder and chief executive officer of Cypress Equity, Michael Sorochinksy is the driving force behind the company’s $3.5 billion real estate portfolio. From 2001 through 2005, Michael focused CEI’s investments in the value-add multi-family space, purchasing over 70 properties that comprised 3,500 units and retail.
In late 2006, Michael began to notice significant stress on the credit markets and by 2007 advised his partners to start selling properties. Under his leadership, CEI successfully sold approximately 80% of its portfolio for significant gains prior to the crash of 2008. From 2008 to 2010, Michael focused CEI’s investments on purchasing blocks of distressed single-family homes in some of the hardest hit areas of the country as well as investing in real estate-related operating companies.
In 2010, before large numbers of developers jumped into the multi-family development game, Michael saw an opportunity to build Class A apartments in Los Angeles and in other top cities around the country, and led CEI to amass a development pipeline of over 5,100 luxury apartments.
Prior to 2001, Michael practiced law at two international law firms—Perkins Cole and Milbank Tweed—representing creditors in distressed real estate debt and equity reorganizations, and repositioning distressed projects across commercial and residential asset classes. Michael received his JD from the UCLA School of Law and is a member in good standing of the California Bar Association.