David Kivitz

David Kivitz is the CEO and Director at XSFinancial. David has also been a Co Founder & Managing Principal at Alta Verde Group since October 2007. Alta Verde Group is a luxury residential real estate investment and development company that acquired financially distressed assets, resulting from the housing market crash. The company has been successfully delivering its high-end homes since 2012 and was recognized by the LA Business Journal as the #3 Fastest Growing Private Company in Los Angeles in 2015.

Kivitz is responsible for directing all real estate acquisitions and analysis, portfolio and asset management, financial oversight, investor reporting, budgeting, and business planning. David created all proprietary financial models for the company used in its underwriting of all projects, capital raising efforts, and returns analyses to capital providers, banks, and investors/shareholders of the company.

Some notable transactions that they have been a part of include acquiring and successfully restructuring a portfolio consisting of over 300 finished lots located in three trophy master-planned communities, sourcing corporate growth equity for their holding company from a direct relationship at Bakrie Capital, closing a $100 million programmatic joint venture commitment from Urdang Capital Management (Now Center Square Investment Management), to acquire distressed lots and master planned communities in the Southwest US, sourcing and closing $250 million of senior construction financing from City National Bank, Presidio Residential Capital, and Farmer’s & Merchants Bank, and originating a preferred equity investment from Fundrise,

David Kivitz attended The George Washington University School of Business, where they earned a BBA in finance. David then attended Friends Central School.

Jim Bates - Director of Credit and Risk, Antony Radbod - COO & Director, and Joe Fazzini - CFO report to David Kivitz.