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RC Thornton

Partner · Construction & Development

A distinguished luxury developer who has built some of the Hollywood Hills’ most impressive homes, and an early participant in SB 684 development.

Roy Carson “RC” Thornton has completed more than $100 million in developments over his career. Known for exceptional craftsmanship and visionary design, he has built notable homes in the Hollywood Hills, including 7115 Macapa, 7123 Macapa, 7932 Woodrow Wilson and 8070 Laurelmont / Oceanus.

More recently, RC has expanded into multifamily across Los Angeles, applying his luxury-home experience to cost-effective new-construction rental housing. Through his agency practice he has also sold more than $350,000,000 in real estate.

RC is Co-CEO of Hollywood Estates and, with Oliver Thornton, leads Thornton Development Group, the development firm through which they acquire, entitle, design and build luxury single-family and small-lot residential projects in Los Angeles. Its model is comparable to larger infill home builders, with a more luxurious end product, higher-quality finishes, and the ability to build on hillside sites as well as flat infill lots. Thornton Development Group has completed or managed approximately 21 projects since 2005.

RC is a California-licensed general contractor, providing general contracting through Thornton Design Group Inc. (CSLB License No. 1159219). He oversees construction on the firm’s projects, including budgeting, scheduling, subcontractor management and quality control.

He has been an early participant in SB 684 development in the Los Angeles area. Through Thornton Holdings LLC, which he owns and manages, he is developing 1949 17th Street in Santa Monica (“SAMO IX”), a nine-home fee-simple SB 684 subdivision with an approved tentative tract map, for which he obtained a construction loan of approximately $7,100,000 in May 2026, and he serves as its general contractor. Thornton Holdings LLC also owns a stabilized 14-unit multifamily property in Los Angeles. RC has personally guaranteed the construction financing on the principals’ projects, including The Culver VI and SAMO IX.

Pipeline as of October 2026; status subject to change. SAMO IV, The Culver VI, Harter V and The Helms VI are Assemble Capital projects developed by Thornton Development Group. The other projects belong to Thornton Development Group, Thornton Holdings LLC or other affiliates, which are separate from Assemble Capital, and are not Assemble Capital offerings.

Erik Lim

Partner · Syndications, Investor Relations & Operations

A co-founder of Assemble Capital and a former growth-equity and venture investor who leads financial analysis, investment structuring and capital raising.

Erik Lim co-founded Assemble Capital, which raises and manages real estate syndications that let investors take part in development projects passively, relying on the sponsor team’s execution, design expertise and local market knowledge. Together with its affiliates, the Assemble Capital team has been involved in more than $150 million of properties in Los Angeles, with a focus on creative deal structuring, small-lot subdivisions, tenancy-in-common ownership, accessory dwelling units and boutique multifamily. To date, Erik has raised capital from more than 100 investors in the sponsor’s offerings.

Erik is also a licensed real estate agent with Hollywood Estates, representing buyers, sellers and investors in the South Bay and West Los Angeles, and brings an investor’s and developer’s perspective to finding and adding value to properties.

Before focusing on real estate, Erik spent nearly a decade in growth equity and venture capital at Fifth Wall, JMI Equity and AXA Venture Partners, firms he reports managed approximately $3 billion, $8 billion and $1.5 billion in assets, respectively, backing technology companies across real estate, software and financial technology. In those roles he was involved in deploying more than $400 million into more than 50 companies. He also founded Potluck Ventures, which invests in AAPI founders and has backed more than 16 companies across technology, consumer and healthcare, and he has served as Global Expansion Advisor to GA Technologies, a Japanese property technology company.