Our Firm

Ira M. Lubert is the Chairman and co-founder of Lubert Adler. He is also the co-founder of LLR Management HoldCo, Quaker Partners Management, LEM Capital, LBC Credit Partners, Patriot Financial Manager and Independence Capital Partners, LLC. Mr. Lubert is also a member of Lubert-Adler’s Investment Committee.

Mr. Lubert has over forty years of experience in real estate and private equity. Prior to co-founding Lubert-Adler, Mr. Lubert co-founded several other businesses, including TL Ventures, within the family of Safeguard Scientifics, Inc. (NYSE: SFE), an early-stage venture fund; Radnor Venture Partners, L.P., the first venture fund managed by Safeguard Scientifics; and GF Management, a hotel ownership and management company.

Mr. Lubert is a 1973 graduate of the Pennsylvania State University, where he received a Bachelor of Science degree in Human Development, with a major in Hotel Management. In 2006, Mr. Lubert was the recipient of The Distinguished Alumni Award, which is the highest honor presented by Penn State to an outstanding alumna or alumnus. In addition, Mr. Lubert is a past Chair and former member of the Board of Trustees of Pennsylvania State University.

Mr. Lubert also serves on the Board of the National Constitution Center. He previously served on the Board of Directors of PREIT (NYSE: PEI), Thomas Jefferson University Hospital, the Franklin Institute, CompuCom Systems, Safeguard Scientifics, Inc. (NYSE: SFE) and Sanchez Computer Associates. Mr. Lubert is also a past chairman of the United Way Campaign of Philadelphia and an active recruiter for the Alexis de Tocqueville Society of the United Way.

Ed Adler, Managing Partner and Co-Chief Investment Officer for Lubert Adler’s credit business, has over 35 years of experience investing in, structuring/restructuring debt instruments including commercial real estate loans, CMBS, CLOs/CDOs, repurchase agreements, corporate real estate facilities, non-performing loan portfolios (NPLs), and distressed debt across U.S and international markets. Prior to joining Lubert Adler, Mr. Adler founded Silver Eagle Advisory Group, a boutique restructuring and advisory business. During his career Mr. Adler ran multi-billion-dollar commercial real estate debt platforms at major Wall Street institutions in the US and Asia including Citigroup and Deutsche Bank and most recently founded Bentall GreenOak’s US debt platform. Over the past 4 credit cycles, Mr. Adler has led multiple teams and managed all elements of commercial real estate finance encompassing origination of new business, loan negotiation and structuring, loan syndications, risk management and regulatory compliance. Mr. Adler is widely respected as an industry expert and is a frequent speaker and press resource.

Mr. Adler graduated with honors from Union College with a B.S. in Mechanical Engineering and holds an M.B.A. from Columbia Business School. He is currently an adjunct professor at Columbia University’s Master’s in Real Estate Development Program and also sits on the Advisory Board of Academy Securities.

Mr. Adler serves on the board of Spark Youth NYC a nonprofit organization dedicated to transforming the lives of New York City children by identifying and providing crucial funding and operational support to emerging innovative community-based organizations that assist underserved youth throughout New York City.

Dory Black is General Counsel at Lubert Adler, responsible for all legal aspects of the company, and has over 21 years of asset management experience.

Prior to joining Lubert Adler in 2024, Ms. Black served as Chief Legal Officer of Momnt Technologies, Inc., a fintech company, and General Counsel of both Angel Oak Companies, an asset management, mortgage and real estate firm, and Angel Oak Mortgage, Inc. (NYSE: AOMR), a publicly-traded REIT. Ms. Black also served as Associate General Counsel and Vice President at GE Asset Management, Inc. She began her career at Dewey Ballantine LLP. Ms. Black has extensive experience in with respect to fund structuring, securitizations, loan strategies, and investment advisor compliance matters.

Ms. Black holds a J.D. from Emory University School of Law and a B.A. from Brandies University.

John Brosens is Vice President at Lubert-Adler responsible for capital formation and investor relations and has eight years of real estate experience.

Prior to joining Lubert-Adler, John worked as Director of Real Estate for Locale Hospitality, a short-term rental property manager, responsible for business development and partnerships. John also served as Head of Acquisitions for Stolar Capital where he focused on originating and structuring multifamily equity and preferred equity investments.

Mr. Brosens holds a B.A. in Political Economy from Georgetown University.

Laurelle Cheng is a Vice President at Lubert Adler, responsible for originating, structuring, and underwriting private credit investments and has 9 years of real estate experience.

Prior to joining Lubert Adler in 2023, Ms. Cheng was a Vice President at Silver Eagle, a commercial real estate restructuring and workout advisory firm. Ms. Cheng also served as a Vice President in Deutsche Bank’s commercial real estate lending group, where she focused on the origination, structuring and underwriting of CMBS and transitional balance sheet loans, as well as the pricing and structuring of SASB and conduit loans and securitizations on the CMBS primary trading desk.

Ms. Cheng holds a B.A. in International Relations and Economics from Wellesley College.

R. Eric Emrich is the Chief Financial Officer, Treasurer and also a Principal of Lubert Adler, and is responsible for all finance, accounting and taxation for the firm. Mr. Emrich is also a member of the Information Technology, Risk Management, and Compliance Committees.

Mr. Emrich has 38 years of real estate experience. Prior to joining Lubert-Adler, Mr. Emrich was Tax Director and Controller for the CMS Companies. He was also a Managing Partner for a SEC registered investment advisor in Plymouth Meeting, PA. In addition, Mr. Emrich spent twelve years in public accounting.

Mr. Emrich is a board member for the Philadelphia chapter of The Private Equity CFO Association, Co-Chairman of the tax committee of the National Association of Real Estate Companies (PEERSPAN) and is a member of the NVCA CFO Task Force. Mr. Emrich graduated cum laude from the University of Delaware with a B.S. in Accounting and Economics. He also received his M.S. in Taxation from Widener University. He spent five years as an Adjunct Professor in the Drexel University Master of Taxation Program teaching Partnership Taxation.

Jack Goldman is an Associate at Lubert Adler, responsible for underwriting both private credit and equity investments as well as asset management.

Prior to joining Lubert Adler, Mr. Goldman was an Associate at Spruce Capital Partners, a privately-held, New York-based real estate investment firm that owns and finances real estate and real estate-related opportunities. Mr. Goldman also served as an Analyst at Bellwether Asset Management.

Mr. Goldman holds a B.A in Urban Studies with a concentration in Real Estate from the University of Pennsylvania.

Russell Hudgins is an Associate at Lubert-Adler, responsible for acquisitions and asset management.

Prior to joining Lubert-Adler, Mr. Hudgins worked on the Consumer & Retail Investment Banking team at Truist Securities. Mr. Hudgins graduated with a B.S. from the Scheller College of Business at the Georgia Institute of Technology.

Krista Jamgotchian is an Associate at Lubert Adler, responsible for originating, structuring, and underwriting private credit investments.

Prior to joining Lubert Adler, Ms. Jamgotchian worked in Strategy and Operations at Google in Real Estate & Corporate Finance and was with The Walt Disney Company prior to that in their Imagineering Division.

Ms. Jamgotchian holds a B.S. in Business Administration from the University of Southern California and a M.S in Real Estate Development from Columbia University.

John Kraft is an Analyst at Lubert-Adler, responsible for acquisitions, asset management, and investor relations.

Mr. Kraft graduated with a B.A. in Economics from the College of Liberal Arts and Sciences at Villanova University.

Rob Morgan is a Managing Partner at Lubert-Adler, responsible for southeast acquisitions and asset management, and has 18 years of real estate experience.

Prior to joining Lubert-Adler, Mr. Morgan worked as an Analyst in the Investment Banking Department of SunTrust Robinson Humphrey, where he primarily worked on mergers & acquisitions and capital raises. Mr. Morgan holds a B.S., Business Administration with Highest Honors from the University of North Carolina at Chapel Hill.

Vinod Paidipalli is a Managing Partner of Lubert-Adler, focusing on new acquisitions and asset management in the Atlanta office and has 22 years of experience in the real estate investment sector.

Prior to joining Lubert-Adler, Mr. Paidipalli worked as a Senior Analyst in the Investment Banking Department of SunTrust Robinson Humphrey, where he primarily worked on mergers & acquisitions and public offerings.

Mr. Paidipalli received a B.A. in Economics from the University of North Carolina.

David Silvera is a Senior Managing Director with Lubert Adler, where helps lead the firm’s initiatives with respect to business and corporate development and spearheads the Family Office Cooperative.

Mr. Silvera has over three decades of investment experience in asset management, corporate development, private equity, advisory and M&A for investment management firms. Most recently, he led the Alternative Real Estate Asset Management business for ORIX USA. Prior to that role, Mr. Silvera was Head of Corporate Development and Chief Operating Officer for Angel Oak Companies, where he helped orchestrate the growth of their vertically integrated asset management and residential mortgage businesses from about $2 billion in AUM when he joined to over $26 billion. Previously, Mr. Silvera co-founded Rosemont Investment Partners, LLC, a specialist private equity firm and pioneer in making minority investments in asset and wealth management businesses. Prior to forming Rosemont in 2000, Mr. Silvera held corporate finance positions with the Investment Banking Divisions of Smith Barney and Legg Mason Wood Walker. In addition to his work in private equity and asset management, Mr. Silvera spent four years as a wine broker and importer in the international wine trade in France and the US.

Mr. Silvera earned a BA in English from Columbia College and an MBA from The Wharton School at the University of Pennsylvania with a dual major in Finance and Entrepreneurial Management. Mr. Silvera has served on numerous boards and is a frequent speaker on topics related to strategy in the investment management industry. He is currently Trustee of the Gladwyne Montessori School.

Dinara Soumis is a Senior Associate at Lubert-Adler, responsible for portfolio and asset management, and has 15 years of real estate experience.

Prior to her work as a Senior Associate, Ms. Soumis was a Fund Accountant for Lubert-Adler. Ms. Soumis holds an M.B.A. in Accounting and Finance from Rutgers University and a B.S., M.S. in Economics and Management from Udmurt State University in Izhevsk, Russia.

Michael Trachtenberg is the President of Lubert-Adler, responsible for acquisitions and asset management, and has 20 years of real estate experience.

Prior to joining Lubert-Adler, Mr. Trachtenberg was an Analyst with Merrill Lynch's Real Estate Investment Banking Group. Mr. Trachtenberg graduated magna cum laude with a B.S. in Finance and Accounting from the Leonard N. Stern School of Business at New York University.

Harrison Wolstein is an Associate at Lubert Adler, responsible for acquisitions, asset management, and development, and has 8 years of real estate experience.

Prior to joining Lubert Adler in 2024, Mr. Wolstein was President of Ravencrest Capital Partners and Vice President of The Wolstein Group, where he oversaw the operations and decision-making related to over 1,000,000 square feet of office, residential, and waterfront retail real estate in downtown Cleveland. Mr. Wolstein also worked as an attorney at Kirkland & Ellis LLP in the real estate group, where he handled a wide range of complex real estate transactions.

Mr. Wolstein holds a B.B.A. with distinction from the Stephen M. Ross School of Business at the University of Michigan, a J.D. from University of Michigan Law School, and an M.B.A. from Columbia Business School, with a concentration in Real Estate. Mr. Wolstein is a licensed attorney in the State of New York.