Base Equities provides small balance ($1-$5 million) preferred equity investments to established sponsors in multifamily and commercial assets in the U.S.
Eli Moghavem
Eli is a Founder and Principal at Base Equities. Eli is responsible for the strategic planning, deal structuring, diligence review and underwriting at the company. Eli oversees all day to day activities, including creation of investment strategies, equity capital markets activities and asset management.
Prior to joining Base Equities, Eli was a Principal at LaSalle Debt Investors (“LDI” formerly Latitude Management Real Estate Investors). LDI is a subsidiary of LaSalle Investment Management, an investment advisor with over $20B in AUM. Eli was responsible for loan origination, underwriting and asset management of nearly $1B. Eli was also involved in the fund formation, fund raising and due diligence of two mortgage REITs for LDI comprised primarily of institutional investors. Eli’s experience extends to loan originations, restructurings and asset management of multifamily, industrial, office, retail and hospitality assets.
Prior to joining LDI, Eli worked as the Acquisitions and Portfolio Manager for a local private equity firm. He has also worked in real estate management and real estate brokerage in the Los Angeles area. Eli holds a B.A. in Sustainable Planning and Real Estate Development from University of Southern California.
Michael Bastan
Michael Bastan is a Founder and Principal of Base Equities. He oversees the acquisition, fund raising, deal structuring and management of the fund’s assets and has acquired over $300M of real estate and non-performing loans since 2008.
Michael is the Founder of Brookside Equities, a private equity investment company acquiring, managing and repositioning value-add real estate throughout the U.S.
Prior to Brookside Equities, Michael was a Partner at Maryland Estates Inc., a Los Angeles based real estate investment firm where he was responsible for the acquisition and management of over $150M worth of real estate assets and non-performing loans. He previously was an Associate at Sonnenblick-Eichner Company where he was involved in raising over $300M of commercial real estate debt and equity nationwide on all property types.
Michael graduated with honors from The University of Manchester Institute of Science and Technology in Manchester, England with a Bachelors of Science in Management and also received a Master of Business Administration degree in Real Estate and Finance from Emory University in Atlanta, Georgia.
