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MANAGEMENT TEAM

Aron Youngerwood

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Tel :

310-785-9491

Aron co-heads Lucrum's real estate investment platform. He has deep relationships within the real estate industry, including with brokers, lenders, servicers, investors and operators.  Aron has completed over 200 transactions totaling more than $10 billion across the logistics, industrial, office, apartment, hospitality, retail and mixed-use asset classes nationwide.

As a former CBRE executive, Aron had the benefit of leading CBRE Investment Management's loan modification and restructuring efforts for clients with over $5 billion of loans successfully modified. He assisted CBRE on the recapitalization of properties and restructured/modified existing loans (across different loan types and across the asset class spectrum), whether CMBS, agency, bank loans, debt funds or Life Cos. Modifications included forbearances, maturity extensions, loan principal reductions, interest rate and amortization relief, changes to collateral, discounted payoffs (DPO), deeds in lieu, release of guarantor liability and loan assumptions.

Previously, Aron was an executive at CBRE Investment Management and Global Logistics Properties where he oversaw over 1,500 industrial/logistics facilities and worked on debt and real estate transactions and fund formations, including structuring, launching and managing funds with over $8 billion of capital raised from 80+ investors globally in multiple funds. Aron started his career as a successful real estate and corporate attorney at prominent law firms in Los Angeles, New York and London where he specialized in mergers & acquisitions, real estate, investment management, and corporate transactions. Aron has represented various private equity and real estate funds, multi-national corporations and financial institutions. 


Aron holds an LL.M. from Harvard and an LL.B from University College London.

Joseph E. Savitsky

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Tel :

212-871-8953

Joseph co-heads Lucrum's real estate investment platform.  Joseph is an experienced real estate entrepreneur, advisor and manager with a proven track record.  Joseph works with investors in connection with U.S. real estate acquisitions, management, recapitalizations and loan modifications.  Joseph holds significant investments in the real estate market. He has significant experience operating properties and working with clients on asset workout plans and strategies.

Joseph previously practiced at the Wall Street firm of Fried, Frank, Harris, Shriver & Jacobson LLP.  Joseph was a senior attorney at Morrison & Foerster LLP in San Francisco, where he represented and counseled individuals and global companies on a variety of real estate, tax and corporate matters.  Joseph is active in public interest matters, and has been involved in many public interest and pro bono cases.

Joseph holds an LL.M. in Taxation from NYU School of Law and a J.D. from Fordham University School of Law.  He is an attorney admitted to the bars of California and New York.

Ilana J. Schwarzberg

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Ilana is an experienced real estate expert who is charged with structuring and execution of the firm’s acquisitions, dispositions and joint ventures, including underwriting, loan modifications, financing, and operations.

Prior to joining Lucrum, Ilana was an attorney at leading law firms in Los Angeles where she worked with lenders and borrowers on complex managed complex financing and loan modifications. She has also advised pension funds, private equity funds and developers on numerous financings, acquisitions and dispositions.  She also served at the Department of Defense, Office of the Secretary of Defense as GCE in the Office of International Affairs & Intelligence.

Ilana graduated summa cum laude from UCLA with a B.A. in psychology, and earned her J.D. at UCLA School of Law. She is admitted to the bar in California.

Tel :

310-567-8908

Izzy Khachewatsky

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Izzy runs business development and research for Lucrum and customer outreach.   He has a robust background in developing technology solutions that drive innovation and efficiency.  His experience includes consulting for CompuForce on healthcare networks in North America and Asia. Izzy has leveraged technologies to provide award-winning decision support and interactive automation, with results published in leading journals. He worked on strategic initiatives that aimed to optimize resource utilization and profitability.

Izzy has a B.A. in psychology from Yeshiva University and an M.S. in psychology from City College of New York.

Tel :

954-546-9131

Dalia Rotter, Manager - Operations

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Dalia assists Lucrum's operations and customer service. Given her over 15-years of experience,  she oversees Lucrum's office operations, administration and marketing programs. Dalia holds a B.A. from Penn University with honors.

ADVISORY TEAM

Bert Haboucha

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Bert is a highly experienced work-out specialist and acts as the principal of Atlas Capital Advisers with deep, long-standing relationships with lenders and special servicers.   Bert previously served as Senior Vice President of iStar and Region Head of a multi-billion-dollar portfolio. For 11 years prior, he held the position of Vice President and National Manager of Special Assets at Fremont Investment overseeing a $6.5 billion real estate loan portfolio nationwide. His responsibilities also included asset management of structured finance and commercial real estate assets, with a high proportion of hospitality, residential and mixed-use properties. Bert is a member of a number of professional associations, including Board of Directors, REOMAC; the National Association of REALTORS® Commercial Federal Policy Committee; the Turnaround Management Association and the Risk Management Association.

ASSET MANAGEMENT & LOAN SERVICING TEAM

Through Lucrum's preferred partners and vendors, the Asset Management and Loan Servicing Team provide the following services: 

  • Underwriting

  • Transaction/Pricing Analysis

  • Collect market performance data, interview market participants, and assess comparable properties for competitive benchmarking

  • Site Inspections and Lease Audits

  • Asset and portfolio level business plan development, implementation and surveillance

  • Operating Statement Analysis

  • Input, analysis and normalization of property level operating statements, rent rolls and budgets

  • Lending and Reserve Management

  • Analysis and processing of draw requests and supporting documentation

  • Loan Modifications and Lender Approvals

  • Property and Market InspectionPhysical inspections of the property, market and comparable analysis, property management company assessment

  • Workout & REO Services

  • Statistical Analysis, and Database Management

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