Environmental, Social & Governance (ESG) Principles

Firm Summary

Founded in 2003, Cityview is a premier real estate investment, management and development firm dedicated to redefining urban living. Focused on multifamily and mixed-use projects in high-growth markets in the Western United States, Cityview connects the comforts of home with the energy of city life. At Cityview, we are driven to make intentional and considered choices when it comes to investing: (i) selecting dynamic neighborhoods in urban-infill markets in the Western United States, (ii) incorporating our buildings into the local communities and (iii) designing homes that enable people to live beyond their walls. Cityview recognizes that its employees, partners and projects can have an impact on the environment and community, and we believe we can generate attractive investment returns while also providing sustainable benefits to society.

Cityview strives to integrate ESG factors into the investment process and ongoing operations of our assets in order to (i) mitigate investment risk and, where possible, enhance investment returns, and (ii) ensure that the assets in which we invest on behalf of our clients and our tenants respect and, where possible, benefit society and the environment.

Our ESG policy is further informed by our five Core Values, which guide all of Cityview’s decision-making:

  • Impactful: We turn cities into communities, people into neighbors and houses into homes.
  • Purposeful: We achieve our highest outcomes through meaningful, considered and reasoned thinking.
  • Straightforward: Open, honest and upfront conversations lead to the best results.
  • Bold: Be bold. Deliver beyond expectations.
  • Agile: We continually reevaluate and adapt to the changing environment without losing momentum or vision.

Environmental Advancement

Cityview invests exclusively within multifamily and mixed-use real estate. We strive to develop, acquire and operate responsibly by limiting the impact we have on the natural landscape, minimizing our carbon footprint, maximizing efficiencies, and reducing resource use and waste. This applies equally to our ground- up development, value-add acquisitions, asset and property management, and in the operation of our corporate headquarters.

To help achieve our environmental objectives, we:

  • Design all of our new developments to a LEED silver minimum equivalency, incorporating an integrative process, location and transportation considerations, sustainable sites criteria, energy and water efficiency, materials and resources considerations and indoor environmental quality.
  • Comply with all local Green Building and Title 24 code requirements to meet and exceed minimum green building standards and embrace renewable energy technologies such as solar thermal and solar PV systems.
  • Consider biodiversity and local habitat when conducting landscaping and development activities.
  • Work to understand business risks relating to climate change and opportunities to support the transition to a low-carbon economy and enhance resilience in our portfolio.
  • Construct, renovate and operate our assets and corporate headquarters with features designed to reduce energy and water consumption, such as energy efficient appliances and fixtures, ambient light and motion sensors, storm water capture and reuse, low flow plumbing fixtures and water filtration systems.
  • Establish waste management programs focused on creating a culture of conservationism and recycling for our residents and our employees.
  • Utilize electronic and digital communication and documentation services to reduce paper usage in our property management and corporate operations and limit and/or eliminate single use products in our corporate office.

As we explore the feasibility of a net zero target, Cityview is committed to meaningful data collection and analysis, data-informed target setting and reduction strategies, and ongoing research and learning in an effort to reduce our GHG emissions.

Social Responsibility

At Cityview, we seek to enhance lives within our physical footprint and beyond, designing spaces and communities that will positively impact neighborhoods and investing in our employees as stewards of our vision.

For our residents and the communities they inhabit, we:

  • Design buildings with open spaces and include inspiring art installations to enhance the beauty of the neighborhood
  • Commit to engaging locally-based contractors and other third-party service providers who pay a fair wage and a fair benefit to their employees, consistent with our Responsible Contractor Policy
  • Promote overall health and wellness of tenant, contractors, employees and larger community through design, development and operations of buildings and communities
  • Host resident events centered on local charities and conservation efforts
  • From the top down, live out our beliefs in ESG through civic engagement, charitable investments, volunteerism and partnerships with community organizations.

For our employees, we:

  • Are an equal opportunity employer focused on recruiting, retaining and developing a diverse employee base and management team
  • Take care of our employees with competitive pay and benefits, flexible spending accounts, parental leave and retirement savings plans
  • Prioritize a corporate headquarters that includes spaces to collaborate and de-stress, and provide ergonomic offices and desk spaces to ensure health and well-being while at work
  • Arrange detailed onboarding plans to ensure new employees are set up for success and nurture our talent with management and other training programs
  • Garner anonymous employee feedback through annual surveys to inform our programs and communications plans

Guided by our Diversity, Equity and Inclusion Policy, Cityview’s commitment to diversity stems from our belief that a diverse workforce brings a broader perspective on issues and leads to better, more thoughtful decisions and more innovative solutions. It also ensures that our workforce reflects our investors, their members and the residents and communities we serve.

Ethical Governance

We believe robust governance, alongside our diverse and experienced management team with a history of success, will lead to optimal outcomes over the long term.

As a fiduciary to our advisory clients and a Registered Investment Advisor with the U.S. Securities and Exchange Commission (“SEC”), Cityview has a duty of loyalty and a duty to always act in good faith, to place our clients’ interests first and foremost and to make full and fair disclosure of all material facts.

Critical components of our governance policy include:

  • Our compliance manual addressing, among other things, conflicts of interest, anti-money laundering, political contributions, cybersecurity/data protection, gifts, social networking, business continuity and our complaint policy
  • Administration of our SEC compliance program by our Chief Compliance Officer, with assistance from our in-house legal team and a third-party compliance consultant
  • Compliance training for all employees at the outset and regularly throughout their tenure at Cityview
  • Employee compensation, including executive compensation, decisions determined with board oversight
  • Quarterly and annual reporting consistent with our Valuation Policy, with annual audits performed by independent and reputable auditors registered with and subject to regular inspection by the Public Company Accounting Oversight Board

Investment Management Guidelines

Cityview believes that the key to generating consistent, long-term returns depends on its ability to identify and target projects that will drive meaningful improvements in society and manage those investments with consideration for ESG factors throughout the investment. When analyzing potential investment opportunities during the due diligence stage, Cityview regards each of the factors below as key diligence items in relation to the firm’s ESG guidelines:

  • Proximity to transit
  • Affordability components
  • Job creation
  • Environmental impacts of the development and opportunities for water and energy reduction, urban infill and environmental remediation (including USTs and soil for new development and lead-based paint and asbestos for value-add renovations)
  • Opportunities to reuse building materials, provide open space and habitability, and include art components within the design
  • Opportunities at value-add properties to extend the useful life of the building and improve the tenant experience by completing much needed deferred maintenance

When selecting and appointing third-party property management companies, we seek to evaluate ESG capabilities, integrate requirements into agreements and communicate our ESG values and commitments. When managing operating properties, we monitor relevant environmental and social performance indicators and track our performance over time. Our ESG Taskforce oversees implementation of our ESG Policy and includes representations from across the business. The ESG Taskforce is responsible for communicating our ESG Policy to all employees.

Annual ESG Review

On an annual basis, Cityview’s ESG Taskforce will assess our performance under this policy by gathering and reviewing data related to these objectives to further understand the collective impact of our portfolio on society and the environment, assess the overall ESG maturity of our investments and identify priority areas for engagement in the coming year.

Sarah Hunt

Senior Associate, Business Development & Capital Relations

Ms. Hunt joined Cityview in 2021 and is a Senior Associate on the Business Development & Capital Relations team.  She is primarily responsible for relationship management, investor communications, and marketing collateral.  Additionally, she works closely with internal functional teams on due diligence efforts and supports investor reporting and special projects.  She is also a member of Cityview’s Sustainability Committee focused on communication of ESG initiatives to investors.

Ms. Hunt has over six years of real estate investment, capital formation, and investor relations experience.  Prior to joining Cityview, she was an Associate with Chicago-based Magnolia Capital.  During her tenure, she worked on equity capital raises for numerous real estate investment vehicles.  Prior to Magnolia, Ms. Hunt was a Financial Analyst with LaSalle Investment Management where she oversaw the financial performance of assets with over $1 billion in value.

Ms. Hunt received her Bachelor of Business Administration degree in Finance, Investment, and Banking from the University of Wisconsin-Madison.

Ramtin Esfandiari

Director, Acquisitions

Ramtin Esfandiari joined Cityview in 2018 and is responsible for managing acquisitions, including sourcing, underwriting and closing multifamily development deals. Prior to joining Cityview, Ramtin was on the Acquisitions team at The Bascom Group where he underwrote over $9 billion in multifamily acquisitions across the U.S. and supported all aspects of the acquisition process. Ramtin holds a Bachelor’s Degree in Business Economics from the University of California, Irvine, and is an active member of Urban Land Institute.

Jonathan Anderson


Jonathan Anderson is the Controller of Cityview and provides leadership and oversight over the finance, accounting, and shared services departments.  Prior to joining the Cityview team, Jonathan worked at CIM Group where he held several finance and accounting roles during his tenure, most recently as head of private fund reporting and prior to that as director of SEC reporting for one of CIM Group’s publicly traded REITs.  Jonathan began his career in Ernst & Young’s assurance practice where he served both public and private clients in the real estate and asset management industries.  Jonathan graduated from the University of Southern California with both a bachelor’s degree in accounting and a bachelor’s degree in business administration with an emphasis in real estate finance.

Tina O’ Brien

HR Director

Tina O’Brien, HR Director, is a senior national and state-certified HR Professional (SPHR, SHRM-SCP, PHRca), managing the HR team overseeing all aspects of Human Resources for both Cityview and its affiliate, Westhome. Her experience spans the spectrum of the HR field, including recruitment, employee relations, performance management, benefits, compliance and employee development. She joined Cityview in summer 2021 from a telecom technology firm in Van Nuys, and previously worked for a private real estate investment and property management company in Beverly Hills. Tina is an LA native and she’s committed to helping grow our vibrant, healthy corporate culture here at Cityview.

Noah Watts-Russell

Director Asset Management
Noah Watts-Russell is Director, Asset Management of Cityview. As Director of Asset Management, he oversees Cityview’s value-add portfolio and is responsible for establishing and driving the portfolio business plans to maximize performance and value. Prior to joining Cityview, Noah was an Associate in the Real Estate division at The Blackstone Group where he oversaw over $15bn in multifamily real estate (>70,000 units, covering market rate, affordable and rent-controlled) and worked on over $2bn in total sales and $1bn in refinancing. Prior to Blackstone, Noah managed the FP&A team at LivCor, Blackstone’s multifamily asset management company. Noah holds a Bachelor’s degree in Finance and Economics from Washington University in St. Louis.

Denise Katz

Director Asset Management

Denise Katz manages Cityview’s core and development assets across multiple investment vehicles and is responsible for maximizing the operational and financial performance of the assets.  Denise has over twelve years of experience in real estate. Prior to joining Cityview, Denise was Regional Vice President at CIM Group of a $2.4 billion portfolio in the Western US and Latin American markets. During her time at CIM, she managed end-to-end transitions of development projects, acquisitions, and dispositions of office, multifamily, retail, parking, condominium, and mixed-use projects. She holds a double major Bachelor of Arts degree in International Studies and Psychology from Wilkes University in Wilkes-Barre, PA.

Steve Roberts

Director, Development and Construction
Steve Roberts is responsible for the development of several of Cityview’s ground-up multi-family assets, including due diligence, design, entitlement, permitting, construction, and market delivery. Prior to joining Cityview, Steve managed several nationally award-winning projects as Vice President of Development for Community Dynamics, a Santa Monica based developer of residential and mixed-use communities. Steve has built his career on creating exceptional communities that deliver high-quality housing to residents, first-rate design for neighbors and municipalities, as well as strong financial returns to investors. Steve holds a BA in Urban Studies and Planning from UCSD and earned an MBA and Master of Real Estate Development from the University of Southern California.

Anh Le

Director, Development

After 8 years in the construction industry managed complex multi-use development projects, Anh Le joined Cityview in 2018 as Director of Development. Le manages ground-up developments in Northern and Southern California and leads consultant teams through entitlement, design, permitting, budgeting, contracting, construction management and project turnover. She works closely with designers, neighborhood groups and Cityview’s in-house Asset Management team to deliver best-in-class multifamily projects. Prior to Cityview, Le worked as a project engineer and project manager at Cobalt Construction. Le holds a Bachelor’s of Science in Civil Engineering from the University of California, Irvine.

Kyle Naye

Senior Director, Acquisitions

Kyle Naye is Senior Director, Acquisitions of Cityview.  As Senior Director of Acquisitions, he is responsible for managing acquisitions, including sourcing, underwriting, closing and developing comprehensive business plans for investors.  Naye primarily focuses on non-California markets across the Western U.S., including Seattle, Portland, Denver, Phoenix, Salt Lake City, Dallas, and Austin.  In his role, Naye works closely with the Cityview team to manage and expand strategic acquisitions across the firm’s vertically integrated platform.

Prior to joining Cityview, Naye was a vice president of originations at PGIM Real Estate, where he provided transactions and underwriting oversight for core-plus and high-yield debt vehicles. He also held a prior role at PGIM managing the underwriting, investment committee preparation and closing of $992 million in multifamily, retail and office assets across the Bay Area and Pacific Northwest. At earlier stages of his career, Naye was a senior associate of acquisitions at Clarion Partners, senior real estate analyst at Northmarq and an officer in the United States Navy.

Zory Grigoryan

Director, Development

As Director of Development, Zory Grigoryan is responsible for the full cycle development of several of Cityview’s projects, which includes managing the due diligence, underwriting, entitlement, design engineering, construction processes and turnover to asset management. Prior to joining Cityview, Grigoryan worked for Oakmont Capital as a Project Manager overseeing the development and construction of several multifamily projects. Prior to that, he worked at Cobalt Construction as a Project Manager on the construction of numerous mixed use and multifamily projects. During his career, Grigoryan has been responsible for the development, preconstruction and construction of over 1,500 units.

Grigoryan holds a Bachelor’s of Science Degree in Construction Management from the California State University of Northridge, where he was the top ranked graduate of his year. During his time at Cobalt Construction, Grigoryan was also selected as distinguished alumni by the CSUN department faculty and appointed as ambassador for alumni recruitment by CSUN construction management department’s board of governors committee.

Chris Brown

Director, Capital Relations

Chris Brown is responsible for capital raising and investor relations at Cityview. Chris has over seven years of real estate investment and capital raising experience. Prior to joining Cityview, he was a member of the Fund Advisory team at JLL working on equity capital raises for private real estate investment vehicles. Prior to JLL, Chris worked on the Portfolio Management team at Clarion Partners and the Asset Management team at LaSalle Investment Management. Chris graduated from Florida State University with a Bachelor’s Degrees in Finance and Real Estate. He is a general securities representative.

Dana Gomez-Gayne

Vice President and Associate General Counsel

Dana Gomez-Gayne manages the legal aspects of all project-related matters, including acquisition, development, management and disposition, and advises Cityview on corporate formation and maintenance, insurance, risk management and other legal matters. She was previously an Associate at O’Melveny & Myers LLP and Manatt, Phelps & Phillips, LLP where she represented a variety of clients in real estate, project development and finance transactions. Gomez-Gayne also has a background in fundraising development and worked at Teach For America raising philanthropic funds from regional and national corporations and foundations. She is a graduate of Pomona College and Pepperdine University School of Law.

Chase Ballard

Vice President, Construction Management
Chase Ballard is Vice President of Construction Management at Cityview. He is responsible for overseeing the Construction Management team and their daily operations. Chase and his team are involved in every stage of our value add renovation opportunities, from pre-acquisition through project completion, executing projects that include interior renovations, common area improvements and deferred maintenance. Prior to joining Cityview, Chase was a Director of Capital Projects with Greystar Real Estate Partners.​

Rob Lester

Managing Director, Business Development & Capital Relations
Rob Lester is responsible for business development and capital formation efforts for the Firm’s investment platforms, developing strategic growth initiatives, and creating long-term relationships with investors and partners. He has nearly 25 years of investment banking and private capital formation experience. Prior to joining Cityview, he was Managing Director with Macquarie Capital, and a Managing Principal with Blackstone. ​

Con Howe

Managing Director

Con Howe leads Cityview’s partnerships to finance, assemble and entitle land for development in the greater Los Angeles area. With over 40 years of experience in planning, entitlements and development, he assists all Cityview funds with acquisitions and development strategies. Prior to coming to Cityview he was the Director of Planning for the City of Los Angeles responsible for the Adaptive Reuse Ordinance and zoning to encourage infill housing. Previously he was the Executive Director of the New York City Planning Department.

Shane Robinson


Shane Robinson is responsible for managing all aspects of Cityview’s stabilized, value add and new development assets. With more than 22 years of experience managing multifamily assets, he is a seasoned real estate professional experienced in a range of investment strategies that drive growth and efficiency for investors.

Prior to this role, Shane held pivotal positions at various organizations in the real estate industry. As Vice President of Property Management at Westhome, Robinson played a vital role in implementing the operational infrastructure that facilitated market expansion.

During his tenure at Sunrise Management, his leadership established and solidified the company’s operational foothold in new markets, contributing to the growth and success of the firm. His early asset management career was at GHP Management, where he specialized in lease-ups and effectively managed a substantial core portfolio of over 5,000 units.

Melissa B. Delgado

VP, Asset Management
Melissa Delgado is responsible for overseeing Cityview’s asset management and portfolio operations. Prior to joining Cityview, Melissa was a Senior Director at TruAmerica Multifamily LLC where she was responsible for achieving the investment objectives of an $800 million portfolio. Earlier in her career, Melissa was an asset manager for Kennedy Wilson’s Southern California portfolio. Prior to that, she was a Vice President and Head of Marketing at Kepler Capital Markets, an investment bank in New York. ​

Devang Shah

Managing Director, Acquisitions

Devang Shah is co-head of Cityview’s acquisitions activities on the West Coast. He has 25 years of experience in real estate investment, development, design, construction and asset management. Previously, Devang was the principal of Marketcents Inc., an independent project management firm, serving as an owner’s representative to investment firms, builders and developers. Prior to that, he worked was Vice-President at RCLCo, LLC, a national independent real estate consulting firm. ​

Adam Perry

Senior Vice President, Development and Construction
Adam Perry oversees all aspects of the commercial real estate development process from acquisition due diligence and entitlement processing through design budgeting, contracting, construction management, closeout and turnover. Prior to joining Cityview, Adam worked at CIM group as an Associate Vice President of Development overseeing ground up retail, office and mixed-use developments. ​ Adam holds a BA Degree in Political Science and History from UCLA and an MBA from the UCLA Anderson School of Management.

Matthew Falley

General Counsel & Chief Compliance Officer
Matt Falley oversees and directs the company’s legal affairs and is the firm’s Chief Compliance Officer. Matt was previously a partner at Greenberg Glusker Fields Claman & Machtinger LLP, where he represented numerous clients in the real estate industry, including Cityview. Matt holds a B.A. from the University of California, Santa Barbara and a JD from the University of California, Berkeley School of Law (Boalt Hall), where he was a member of “California Law Review” and Order of the Coif.​

Tony Cardoza

Managing Director, Acquisitions
Tony Cardoza is responsible for Cityview’s acquisition activities throughout the West Coast. He has 21 years of experience in real estate investment and management. Previously, Tony ran the investment group for Real Estate Capital Partners in the Western U.S., which developed and acquired over 5,000 multifamily units. Prior to that, he worked for Prometheus Real Estate Group in a land and multifamily acquisitions role on the West Coast. Tony holds a B.A. in Economics from Middlebury College and an MBA from the Haas School of Business at UC Berkeley.​

Jennifer Halvas

Managing Director, Investor Relations
Jennifer Halvas leads the firm’s investor relations team, where she is responsible for maintaining relationships with the investor community, bolstering infrastructure for new and existing investors and helping to develop investment strategies and initiatives. She has been instrumental in securing capital needs for several Cityview funds across a broad base of institutional investors, insurance companies, foundations and endowments, family offices and high-net-worth investors. A 12-year veteran of Cityview, she uses her deep institutional knowledge to create value for investors and the communities in which Cityview works.
She was previously at O’Melveny & Myers LLP, where she represented a variety of clients in real estate, project development and finance transactions. Jennifer holds a B.A. with honors from the University of Southern California and a JD from Vanderbilt Law School.

Damian Gancman

Chief Operating Officer and Chief Financial Officer

Damian Gancman oversees the operations of Cityview and its investments while supporting the strategic growth of its finance, acquisition, asset management and property management functions. An 18-year veteran of the firm, Damian is also a partner at Cityview and a member of its investment committee. As CFO, he helped build out Cityview’s best-in-class finance department, including the implementation of strategic process, accounting, reporting and technology improvements that enhance the investor experience.

In addition to his role at Cityview, Damian is a guest lecturer for the University of Southern California’s Master of Real Estate Development program and is a key contributor to the Cityview Leadership Academy. Damian earned a master’s degree in real estate development from the University of Southern California and a dual bachelor’s degree in business administration and psychology from the University of California, Berkeley.

Sean Burton

Chief Executive Officer
Sean Burton has been with Cityview since 2003. Prior to joining Cityview, Sean was vice president of corporate business development and strategy at Warner Bros. Before that, he was an attorney in the real estate and corporate groups at O’Melveny & Myers, LLP and also served in the White House during the Clinton Administration. From 2013 to 2021, Sean served as President of the Board of Airport Commissioners which oversees the LAX and Van Nuys airports. Sean holds a B.A. from the University of California, Irvine and a JD from New York University School of Law.