Elmwood Capital Group

What Elmwood Capital Group does

Elmwood Capital Group is a privately held, vertically integrated real estate investment firm founded in 2020 and headquartered at 9460 Wilshire Blvd, Beverly Hills, California. The firm focuses on acquiring, operating, and developing industrial assets and GSA-leased (General Services Administration) government properties across key U.S. markets, with a portfolio of 20+ properties spanning at least nine states including California, Virginia, Georgia, Texas, Indiana, Utah, Montana, and South Carolina. Asset classes include industrial warehouses (e.g., a 180,000 sqft facility in Hampton Roads, VA), federal-tenant offices (e.g., Social Security offices in Mission Viejo and Los Angeles), mobile home parks, outdoor storage, and assisted living facilities. The firm is led by three founding partners (Elliot Sassover, Max Stern, and Noah Zeligman) and Managing Partner James Carter, each with over 20 years of real estate investment and development experience, supported by a lean team of 1-10 employees.

The firm's revenue model is built on three streams: industrial property acquisition and development, long-term government lease management with the GSA, and real estate investment and management services. Its most significant disclosed contract is a 20-year, $26.5 million lease with U.S. Immigration and Customs Enforcement (ICE) for approximately 25 acres near Gilroy, California, with construction beginning in June 2026. The go-to-market approach is sales-led and relationship-driven, with direct outreach to institutional investors, a dedicated investor login portal (via Covercy), and minimal reliance on intermediaries. Marketing channels are limited primarily to a company website and LinkedIn presence, consistent with a boutique sponsor profile.

The firm faces both opportunity and risk. The growing federal-tenant portfolio and multi-state geographic diversification signal ongoing expansion, while the pending lawsuit filed by California Attorney General Rob Bonta and Santa Clara County over the Gilroy ICE facility introduces regulatory and political risk. Revenue is not publicly disclosed, and no institutional funding rounds, acquisitions, or technology platforms have been announced.

Name

Elmwood Capital Group

Legal name

Elmwood Capital Group

Website

https://elmwoodcg.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Elmwood Capital Group is a Beverly Hills-based, vertically integrated real estate investment firm that acquires, operates, and develops industrial and GSA-leased government properties across the U.S., serving institutional investors and federal tenants including ICE and the GSA.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Investment

NAICS

Portfolio Management and Investment Advice (52394), Offices of Other Holding Companies (551112)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)

Keywords

• Industrial real estate investment
• GSA-leased properties
• Commercial property development
• Government lease management
• Real estate asset management

Headquarters

HQ city

Beverly Hills

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Industrial Property Acquisition and Development: The company acquires, operates, and develops industrial properties across key U.S. markets, generating revenue through property appreciation, rental income, and eventual sale of assets.
2. GSA-Leased Property Management: Securing and managing long-term government leases with the General Services Administration provides stable, recurring rental income from federal tenants.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Elmwood Capital Group is a vertically integrated real estate investment firm that acquires, operates, and develops industrial assets and GSA-leased properties, combining investment sourcing, asset management, and development capabilities under a single platform serving institutional investors and federal government tenants.

Product overview

Elmwood Capital Group is a vertically integrated real estate investment firm offering three core product lines: Industrial Property Acquisition (acquiring industrial facilities supporting modern logistics), GSA Leased Properties (long-term government leases with the General Services Administration), and Real Estate Investment & Management (disciplined investment strategies for portfolio value maximization). The firm's portfolio spans diverse property types including industrial buildings, warehouses, assisted living facilities, mobile home parks, outdoor storage, and GSA-leased government offices across multiple U.S. markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Property Acquisition & Investment
• GSA-Leased Property Operations
• Commercial Property Development

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• U.S. Immigration and Customs Enforcement (ICE)majorOthers · 10 June 2026Federal government agency that entered into a 20-year, $26.5 million lease with Elmwood Capital Group for approximately 25 acres of land near Gilroy, CA to house an ICE office facility. Construction began early in June 2026.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Easterly Government Properties: Publicly traded REIT that owns and leases Class A commercial properties to the U.S. federal government and its agencies. Highly comparable to Elmwood's GSA-leased property focus and federal-tenant strategy.
• Office Properties Income Trust: Publicly traded REIT holding a diversified portfolio of office properties leased to government and corporate tenants. Comparable government-tenant exposure and net-lease orientation to Elmwood.
• Gladstone Commercial Corporation: Publicly traded REIT that invests in single-tenant and multi-tenant industrial, office, and retail properties subject to long-term net leases. Comparable net-lease industrial / government-tenant strategy.
• Alpine Income Property Trust: Publicly traded net-lease REIT that owns single-tenant retail and industrial properties, including exposure to government tenants. Smaller-cap peer with a comparable long-duration net-lease strategy.
• Stonemont Financial Partners: Private vertically integrated real estate investment firm specializing in net-lease and industrial assets. Comparable vertically integrated, private-capital model targeting net-leased industrial real estate.

Broad incumbents

• W. P. Carey: Diversified net-lease REIT with an industrial and government-tenant portfolio across the U.S. and Europe. Comparable net-lease discipline and industrial focus, though far larger and more diversified.
• Realty Income Corporation: Largest net-lease REIT with exposure to industrial, government, and commercial tenants under long-duration leases. Comparable net-lease model and government-tenant presence.
• Global Net Lease: Net-lease REIT focused on industrial, office, and retail properties leased to corporate and government tenants globally. Comparable long-duration net-lease orientation to Elmwood's strategy.
• CIM Group: Private real estate investment manager with vertically integrated urban and industrial strategies. Comparable vertically integrated private real estate platform with institutional capital deployment.

Emerging players

• Generation Income Properties: Small-cap net-lease REIT focused on single-tenant commercial properties, including government-leased assets. Comparable size and federal-tenant focus to Elmwood's niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/elmwood-capital-group
• Xx.com/ElmwoodCG

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elmwood Capital Group