Upside Capital Holdings owns and operates multifamily real estate in Los Angeles, California, and Dallas, Texas. Its approach combines investment, property operations and renovation of distressed or underperforming residential assets.
The company emphasizes long-term investor relationships, open communication and personalized service aligned with investors’ objectives. Day-to-day management focuses on efficiency, attention to detail and improved living conditions for residents.
Meet the team
The people behind Upside’s ownership, investment and operating approach.
Paul Kalt
Paul’s multifamily background began with Kalt Property Management, founded in 1962 by his parents, Sam and Illona. His experience includes owning and managing hundreds of Southern California apartments and providing construction and retrofit services.
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The published biography records a Dallas expansion beginning in 2021, involving 500 additional units, and more than 25 years of residential, multifamily and commercial construction experience.
Family management business founded
1962
Dallas expansion began
2021
Units acquired in Dallas in published biography
500
Construction experience in published biography
25+ years
Jonathan Winick
Jonathan’s background spans wealth management, real estate and options market making at the American Exchange in New York, Pacific Exchange in San Francisco and Chicago Board Options Exchange. He also worked in investment management at Merrill Lynch and completed the CFA Level II exam.
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He earned a law degree at the University of Arizona, served on Law Review, and holds a BA in Mathematics and Economics from the same university. His published biography reports more than 20 years of investment experience.
Investment experience in published biography
20+ years
Equity ownership in published biography
3,682 apartment units across 17 properties
Lead syndicator experience
3 properties totaling 1,200 units
Equity investment raised in published biography
$50 million
Michael Bitton
Michael’s experience covers acquisitions, repositioning and operations. As Chief Operating Officer at The Standard Oil Investment Group, he handled development work involving brokering, financing, repositioning and portfolio stabilization.
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His published biography describes more than $500 million of California real estate transactions, including leadership of acquisitions, renovation, repurposing and restructuring projects. It cites a 40,000-square-foot Los Angeles commercial property. Since Upside’s inception, he has overseen operational and construction needs.
Career transactions reported in biography
Over $500 million in California
Referenced Los Angeles commercial project
40,000 square feet
Prior position
Chief Operating Officer, The Standard Oil Investment Group
Adam Zunder
Adam supports acquisitions, investor relations, capital raising and business development. His published biography describes nearly two decades in real estate, including more than 15 years as a Los Angeles multifamily broker and transactions exceeding $750 million.
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His clients have included institutional investors, private equity, family offices, high-net-worth investors and local owners. Previously a vice president at a California capital advisory firm, he arranged property financing. Adam also owns and operates real estate and maintains an extensive professional network in his native Los Angeles.
Experience in published biography
Nearly 20 years in real estate; over 15 years in Los Angeles multifamily brokerage
Brokerage transactions reported in biography
Over $750 million
Prior position
Vice President at a California boutique capital advisory firm
Career experience and personal holdings reflect the individual biographies published in September 2024.
Upside Capital Holdings
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