Michael Shah – Founder / Managing Partner

Experience

Michael K. Shah founded Delshah Capital in 2006.  Mr. Shah oversees all aspects of company operations including acquisitions, legal strategy, asset management and property management.  Utilizing his legal expertise, he personally directs the course of action though many of the complex investments in which Delshah participates.  Through the refinancing and recapitalization of his family’s Park Hill apartment complex, he was able to generate proceeds in excess of $20 million, creating the seed investment for Delshah Capital.

Prior to establishing Delshah, Mr. Shah was an attorney in the mergers and acquisitions group at Wachtell Lipton Rosen & Katz in New York City.  Mr. Shah specialized in complex deal structuring, negotiations, and bankruptcies.  His work included Ameren’s $2.3 billion purchase of Illinois Power and Lazard LTD’S $4.5 billion initial public offering in addition to several other high profile transactions.

Education

Harvard Law School

London School of Economics

Harvard University

Mr. Shah graduated first in his class from Harvard Law School, earning him the 2003 fay diploma, he also received the Sears Prize in 2001 and 2002.  He has a Master of Science in finance and economics from the London School of Economics and a Bachelor of Arts magna cum laude in chemistry from Harvard University.

Rick Lapidos – Head of Asset Management

Rick Lapidos has approximately 17 years of commercial real estate asset management experience.  He joined the Delshah team in 2018 to lead asset management activities.  Rick has a deep background in the multi-family and retail asset classes with expertise in budgeting, business plan development, acquisitions, asset sales, and debt and equity financing.  Prior to joining Delshah, he was Vice President of Asset Management for Carmel Partners, a real estate fund manager focused on multi-family properties.  There he developed and executed business plans for market rate and affordable rental properties, luxury condominiums and retail assets located in New York City, Washington, DC, Connecticut, and Denver.  Previously, he worked in both asset management and acquisitions roles for a New York City based developer and operator of multi-family assets.

Mr. Lapidos graduated with a BS Degree in economics from the University of Pennsylvania’s Wharton School of Business.

Jeff Holmes – Director of Development & Construction

Prior to joining Delshah, Mr. Holmes was a Project Manager for Tishman Construction at 1 World Trade Center. Mr. Holmes was responsible for assisting with the buyout of contract work totaling $2.4BB, the direct management of over $190MM in contract work, including the reconstruction of all Hurricane Sandy impacted areas. Educated at the State University of New York at Binghamton (BA.), Mr. Holmes also has a MSc. in Real Estate Finance from New York University.

Justin Amirian – VP of Special Situations and Distressed Acquisitions

Justin Amirian is the Vice President of Delshah’s special situations and distressed acquisitions. He is primarily responsible for the development and implementation of investment and legal strategy, and serves as an in-house legal resource in facilitating the underwriting, closing, and asset management of investments. In this capacity, Mr. Amirian directs strategy development and execution of foreclosure and bankruptcy-related litigation and negotiation. Since joining Delshah, he has been involved in acquisition and financing transactions totaling approximately $400 million, and in the asset management of several of Delshah’s special situation, development, and value-add projects.

Prior to joining Delshah, Mr. Amirian practiced financial restructuring and bankruptcy law as an associate at Milbank, Tweed, Hadley & McCloy. There, he specialized in creditors’ rights in complex chapter 11 reorganizations. Mr. Amirian was a Mary Day Scholar and a published author when he received his law degree from Fordham Law School. He received his Bachelor of Arts degree in cognitive science at Dartmouth College.

Alexis Cimera – VP of Accounting & Reporting

Ms. Cimera is a Certified Public Accountant who began her career at a Big 4 accounting firm. Since then she has practiced accounting in the real estate, technology and other industries.  Ms. Cimera has worked with Delshah since its inception.  Prior to that she was and continues to be the accountant for the Parkhill assets since their acquisition in 1995. Her responsibilities include overseeing all accounting, tax and financial reporting.  Ms. Cimera graduated magna cum latte from Seton Hall University, Paul Stillman School of Business with a Bachelor’s of Science degree in Accounting.

Bonni Lippman – Director of Leasing and Property Management

Bonni Lippman is Director of Leasing and Property Management at Delshah and is responsible for day to day management of our residential properties as well as leasing across the portfolio. Ms. Lippman directly handles renewal transactions with existing tenants and also oversees efforts to secure new tenants. Additionally, she is responsible for tenant relations, advancing our strategy in the market and supporting our asset management team. Prior to joining Delshah in 2007, she was Director of Sales at the Corcoran group, where she was consistently recognized for as a top performer.

Luis Feijoo – Head of Facilities

Prior to joining Delshah, Mr. Feijoo managed a private real estate portfolio. Mr. Feijoo has managed several cutting-edge projects including the replacement of the Javits Center Jumbotron and the first installation of an LED display on the Port Authority Bus Terminal on 42nd Street.  Mr. Feijoo has also managed the capital improvements across the Delshah portfolio.  Mr. Feijoo attended Connecticut College.

Samantha Braga – Executive Assistant and Office Manager

Ms. Braga is the executive assistant and office manager of the Delshah team since May 2015.  She is a point of contact for tenants as well as suppliers used by the team. She is responsible for ensuring the smooth operation of the office by providing a wide variety of administrative, secretarial, and clerical support to staff members. In addition, Ms. Braga monitors staff needs, and assists in day-to-day inter-departmental operations.

Garrett Jacobs – Analyst

Garrett began his career working in wealth management at Morgan Stanley, before  accepting a position with Marcus & Millichap in capital markets. He then moved to Arbor Realty Trust, where he assisted in the underwriting of $1.6 billion in real estate loans through structured financial products, bridge loans, mezzanine loans, and preferred equity debt throughout his four years at the company. Garrett joined the Delshah team in January of 2019, and his responsibilities include underwriting new acquisition opportunities along with the recapitalization and refinancing of equity and debt throughout the existing portfolio.

Noah Brooker – Analyst

Noah’s first experience in real estate came with The Besen Group as a rising junior in college. He then interned at Delshah before joining the team full-time as an analyst. His responsibilities at the firm include underwriting, due diligence, and asset management. He graduated from Emory University, earning a Bachelor’s of Arts Degree in International Relations and French. At Emory, Noah was the rush chair for the school’s chapter of AEPi, and was the coauthor of a study published in a political science journal. Noah has experience in the hospitality industry, having held multiple positions within restaurants, and is also fluent in French.

Elie Reiner – Assistant Project Manager

After interning at both EPIC Commercial Realty and Cushman & Wakefield, Reiner joined Marcus & Millichap as an Investment Sales Associate. At Marcus & Millichap, he assisted owners and investors in the acquisition and disposition of multifamily and mixed-use assets. In addition, Elie was active in marketing properties to potential investors using both internal and external platforms. He then transitioned to a role at Glacier Global Partners where he was involved in underwriting and acquisitions, along with the management of two ground up projects. He joined Delshah as an assistant project manager in 2019, and assists with the operation of various entities within the firm’s portfolio, mainly focusing on projects under construction. Reiner is a graduate of Touro College, earning a Bachelor’s in Accounting and Business/Management.

Luis Ruiz – Assistant Project Manager

Ruiz has been with the Delshah team since 2011, currently serving as an assistant project manager. He graduated from Pontificia Universidad Católica Madre y Maestra with a degree in architecture.