About Us:

Carolwood LP is a fully integrated real estate private equity firm founded in 2014 by principals Andrew Shanfeld and Adam Rubin. The firm is focused on acquiring a diverse portfolio of investment-grade assets with significant repositioning potential and long-term growth opportunities. At Carolwood, we are committed to enhancing the value of the companies and communities in which we invest.

Adam Rubin

Principal

Adam Rubin leads Carolwood’s overall investment strategy and oversees all aspects of the firm’s transactions—from initial negotiation through closing. He is responsible for managing the firm’s financing activities, capital raising efforts, and investor communications. In addition to his role at Carolwood, Adam serves as President and CEO of The L&R Group of Companies, a Los Angeles-based real estate and parking conglomerate with a long-standing presence in the industry.

Adam is a graduate of Harvard-Westlake School and attended New York University’s Schack Institute of Real Estate, where he studied real estate finance.

Andrew Shanfeld

Principal

Andrew Shanfeld is responsible for identifying new investment opportunities, leveraging his deep network of industry professionals and business owners. He oversees all aspects of asset management across the firm’s portfolio, including daily operations, construction, and the implementation of strategic repositioning plans tailored to each asset.

Before co-founding Carolwood, Andrew spent two years in the acquisitions department at Decron Properties, a Los Angeles-based real estate investment firm. He holds a B.A. in Economics from the University of Michigan and is a graduate of Harvard-Westlake School.

Tyler Convery

Chief of Staff

Tyler Convery joined Carolwood in 2020 as Director of Acquisitions and transitioned to Chief of Staff in 2025. In his current role, Tyler supports the firm’s co-founders, Adam Rubin and Andrew Shanfeld, in advancing strategic initiatives, optimizing internal operations, and facilitating firm-wide growth across Carolwood’s expanding real estate portfolio and broader investment platform. He plays a central role in cross-functional coordination, executive planning, and the execution of high-impact priorities as the firm scales.

Tyler holds a B.A. in Public Policy and Real Estate Development from the University of Southern California.

Manny Escamilla

Chief Operating Officer - Food & Beverage

Mr. Escamilla has a proven track record of success in restaurant and retail operations. His extensive experience, spanning over two decades with both large corporations and smaller businesses, speaks to his versatility and adaptability.

During his tenure at YUM! Brands, Mr. Escamilla held various leadership positions in both corporate and franchisee operations, showcasing his ability to navigate different organizational structures. He is recognized for his servant leadership style, his focus on creating a positive culture, and his ability to adapt his leadership approach to different situations.

Mr. Escamilla's strengths include driving top-line sales, increasing margins, and fostering a strong passion for people development. He also excels in strategic planning, process optimization, resource management, team building, performance management, and accountability.

Shant Hambarchian

Director of Finance - Food & Beverage

Shant Hambarchian serves as Director of Finance at Carolwood, where he leads financial strategy, project management, and development initiatives for all food and beverage ventures within the firm’s portfolio.

Shant began his career at FOC NYC, a hospitality-focused real estate consulting firm, where he helped develop high-profile food and beverage concepts in landmark properties such as Rockefeller Center and the Whitney Museum. He went on to oversee operational finances at Grand Tour Hospitality, a prominent New York City restaurant group, as well as Bottom Line Hospitality, a financial management firm serving hospitality clients nationwide.

Most recently, Shant played a key role in the development of Coco’s at Colette, an exclusive private members club located in New York City’s iconic GM Building.

He holds a degree from the University of Southern California’s Marshall School of Business.

Spencer Towill

Head of Origination

Mr. Towill oversees the firm’s deal origination and business development initiatives. In addition to spearheading these efforts, he plays a key role in evaluating and executing transactions.

Prior to Carolwood, Spencer worked at Diversis, a leading technology buyout fund investing across different strategies including corporate divestitures, special situations, and founder-owned businesses. Spencer graduated from Harvard Westlake and later attended UC Davis, where he studies Business Economics.

Sam Schroeder

Director of Acquisitions

Mr. Schroeder works across both the real estate and private equity arms. For the real estate arm, he is responsible for sourcing, underwriting, and executing investment opportunities. For the private equity arm, he contributes to financial oversight for Carolwood's portfolio companies.

Prior to Carolwood, Sam began his career in investment banking at Houlihan Lokey in the Financial Restructuring Group, specializing in distressed M&A, restructurings, and special situations of public and private companies. He later joined Regent Properties, where he concentrated on acquiring distressed assets. Sam graduated with a BBA in Finance from the McCombs School of Business at the University of Texas.