20+
Years developing in Los Angeles
About · The Firm
Built by builders,
run like a fund.
Assemble Capital applies the principals' two decades of Los Angeles residential execution to project-specific investor partnerships — with an institutional reporting standard.
Who We Are
A development firm first. A capital platform because the model earned it.
Assemble Capital is a comprehensive Los Angeles real estate firm focused on generating asymmetric returns through single-family redevelopment, ground-up multifamily, fee-simple subdivisions, and TIC housing. Every aspect of the development process is coordinated in-house — from acquisitions and entitlements through permits, construction, and the final sale or lease.
The track record behind the platform was built by the principals through Thornton Development Group and affiliated entities: 21 completed projects since 2005, with no notices of default, foreclosures, or lender workouts in roughly twenty years of operating through multiple market cycles.
Assemble Capital is the vehicle through which the same team, strategy, and execution now operate with investor participation — documented deal-by-deal in formal offering materials.
50+
Homes delivered by the principals
~$350M
Career residential sales involvement
$400M+
Institutional capital deployed in prior PE/VC roles
Sponsorship
The principals.
RC Thornton
Partner · Construction & Development
Thirty-plus years across luxury residential development, value-add repositioning, multifamily, and brokerage. Developer of 50+ homes across Los Angeles with multiple neighborhood record sales — including 7123 Macapa, the most expensive sale in Outpost Estates at closing. Leads construction, design, and delivery on every project.
Oliver Thornton
Partner · Syndications, Investor Relations, Financing & Strategy
Broker and syndicator with ~$350M in residential sales involvement through Hollywood Estates and multiple submarket records. Leads acquisitions, underwriting, debt placement, and disposition strategy across the platform.
Erik Lim
Partner · Syndications, Investor Relations & Operations
Nearly a decade in private equity and venture capital — Fifth Wall, JMI Equity, and AVP — with $400M+ deployed. Leads syndication structuring, investor relations, and operations, holding the platform to an institutional reporting standard.
The Platform
One team, every trade.
Affiliated operating businesses give the platform in-house reach across the full project lifecycle. Related-party roles and compensation are disclosed in each investment's definitive documents.
Development
Thornton Development Group
Development and construction management — budget verification, contractor selection, draw controls, and delivery on every active project.
Brokerage
Hollywood Estates
Acquisition sourcing and disposition execution through the principals' brokerage network — the origin of most off-market opportunities.
Alignment & Governance
Structured like we're the investor. Because we are.
Sponsor Alignment
GP co-investment in all seven active deals, with the principals providing completion support and loan guarantees on project debt. We don't ask investors to take risks we haven't taken first.
Economics
Offerings have generally used a Class A / Class B structure with an 8% preferred return and project-specific splits — final terms governed by each investment's operating agreement.
Governance
Manager-managed, project-specific LLCs; a three-principal investment committee; capital-call procedures, major-decision rights, and valuation policy per each operating agreement.
Investor Reporting
Quarterly investor reports, monthly construction updates where appropriate, budget-to-actual and schedule reporting, annual K-1s, and a secure investor portal with source documents.
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