Multi-Family Office

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Assemble Capital

RC Thornton runs Assemble Capital's in-house construction arm, running fix-and-flip and multifamily syndications for accredited investors out of Los...

Assemble Capital

RC Thornton, Oliver Thornton, and Erik Lim founded Assemble Capital as a Los Angeles-based real estate syndication firm. The firm pools accredited-investor capital into single-family fix-and-flip projects and ground-up multifamily developments, retaining every phase of the asset lifecycle inside a single operating company. The firm targets asymmetric returns through two distinct strategies. The fix-and-flip program aims for short-duration equity gains, with Assemble Capital deploying in-house construction crews to renovate single-family residences while sourcing debt through what the firm describes as preferential terms earned from its track record. On the multifamily side, Assemble Capital develops ground-up projects, then runs cost-segregation studies upon stabilization to pass accelerated depreciation through to investors. When assets mature to 1031 Exchange eligibility, the firm sells and rolls proceeds into future acquisitions, deferring capital gains and depreciation recapture. All investment vehicles are structured as private syndications, and the firm has not published the names of individual project addresses or fund-level performance metrics. Assemble Capital lists three partners on its website. RC Thornton serves as CEO and oversees construction and development activity. Oliver Thornton heads marketing, sales, financing, and acquisitions. Erik Lim manages syndications, investor relations, and operations. The firm operates from a single office on Sunset Boulevard in West Hollywood and has not disclosed total assets under management, total capital deployed, or the number of limited partners it has raised capital from. No recent operational event within the last 24 months has been publicly reported. Assemble Capital maintains all functions in-house, running acquisitions, entitlements, permitting, construction, and disposition under one roof. This horizontally integrated structure departs from the standard developer model, which typically outsources construction to third-party general contractors. By keeping construction capability on its own balance sheet, the firm aims to control costs and timelines without relying on external build partners.

General information

Firm type

Multi Family Office

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Los Angeles

Corporate office

9000 Sunset Blvd #3, Los Angeles, CA 90069, United States

Principals

RC Thornton

Partner, CEO and Head of Construction & Development

Oliver Thornton

Partner, Head of Marketing, Sales, Financing, and Acquisitions

Erik Lim

Partner, Head of Syndications, Investor Relations, and Operations

Sector focus

Real Estate

Frequently asked questions

Who makes investment decisions at Assemble Capital?

RC Thornton, as CEO and Head of Construction & Development, leads the physical execution of projects. Oliver Thornton and Erik Lim oversee financing, acquisitions, and syndication strategy. The three partners appear to make decisions jointly, though the firm has not published a formal investment committee structure.

How does Assemble Capital source its real estate deals?

Assemble Capital states that it leverages deep knowledge of the Los Angeles market and an extensive network within the local real estate and construction sectors. The firm also maintains a deal-submission inbox (deals@assemble.capital) where outside parties can pitch development opportunities. Specific sourcing volumes or proprietary channels have not been disclosed.

Does Assemble Capital invest in funds or only direct real estate projects?

The firm structures every investment as a direct single-asset syndication — either a fix-and-flip property or a ground-up multifamily development. Assemble Capital has not disclosed any fund vehicles, separate accounts, or commitments to third-party real estate funds.

What tax strategies does Assemble Capital offer investors?

On multifamily development deals, Assemble Capital commissions cost segregation studies upon project completion to accelerate depreciation, then passes those deductions through to investors. Once an asset is developed and stabilized, the firm targets a sale structured as a 1031 Exchange, which defers depreciation recapture and capital gains into a subsequent acquisition.

What is Assemble Capital's known posture on co-investments alongside external operators?

Assemble Capital has not publicly described any co-investment structures with outside general partners. Its model centers on wholly in-house execution, from acquisition through construction to disposition, which suggests a preference for full operational control rather than partnering with third-party developers on the same asset.

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