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Personalized service
Understand each investor’s objectives and priorities as the foundation of a lasting relationship.
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Upside Capital Holdings
Clear communication. Lasting relationships.
Our approach
Upside places personalized service and open dialogue at the center of its investor relationships, with attention to each partner’s long-term objectives.
We connect investment decisions with a practical understanding of the property, its improvement plan and its ongoing operation. Direct communication helps keep our approach aligned with investor priorities.
Our team brings experience across acquisitions, real estate operations, construction, capital raising and financial services. Meet the people behind Upside and connect with us to discuss your objectives.
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Understand each investor’s objectives and priorities as the foundation of a lasting relationship.
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Keep communication direct and connect property-level experience to the investment conversation.
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Bring investment, construction and operating experience into the same team.
The people behind Upside’s ownership, investment and operating approach.

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.
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’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.
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’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.
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 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.
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
Connect with our team to discuss our properties, our approach or an opportunity.
Contact our team +1 (972) 556-5030