Who we are

Entitled Land Company (ELC) is a Los Angeles–based real estate development and investment firm that delivers entitled land without tying up capital. We focus on disciplined, entitlement-first execution to produce institutional-quality residential, mixed-use, and select industrial and medical opportunities in high-barrier California markets.

Our Experience

ELC’s leadership brings deep expertise in land use, real estate law, development, acquisitions, and capital markets. Our team has collectively led, structured, or advised on more than $20 billion of real estate development and investment projects, with repeat experience in entitlement execution, acquisition structuring, and feasibility analysis.

Our Strategy

Our strategy is centered on entitlement-driven value creation. We leverage state and local streamlining tools and zoning frameworks to reposition sites for higher and better use while reducing regulatory execution risk and compressing development timelines. Our entitle-to-suit approach aligns scope, feasibility, and design assumptions with institutional builder requirements to deliver development-ready assets that are both marketable and buildable.

Our Role

ELC functions as an off-balance-sheet entitlement partner to institutional developers and builders. By assuming entitlement complexity and pre-development risk, we enable partners to deploy capital later in the project lifecycle, preserve balance sheet flexibility, and focus resources on construction and operations. This structure provides entitlement certainty and speed to market without requiring partners to internalize early-stage regulatory exposure.

Our Approach

We evaluate land value through the regulatory, political, and economic forces that govern development outcomes and constrain supply. We focus on opportunities where entitlement complexity, market inefficiencies, or regulatory friction create value through disciplined, expert-led execution. Our approach emphasizes capital efficiency, feasibility, and certainty of outcome rather than speculative development risk.

Underlying all of our work is a commitment to integrity, rigor, and long-term relationships. We approach each project with an institutional mindset, prioritizing transparency, partner alignment, and thoughtful engagement with stakeholders and communities. Success is measured by consistent execution, repeatable outcomes, and sustained partner trust.

Meet the Leadership Team

  • Arteen Mnayan

    MANAGING PARTNER

    Arteen is a land use and real estate attorney with nearly a decade of experience representing institutional investors and developers through complex entitlement and regulatory processes. He has deep expertise in CEQA compliance, government outreach, and navigating complex state and local regulations, and advises institutional lenders on entitlement issues related to industrial, residential, medical, and commercial projects.

    At Entitled Land Company, Arteen leads entitlement strategy and delivery of development-ready land in high-barrier, supply-constrained markets. He holds a B.A. from the University of Southern California and a J.D. from Loyola Law School, Los Angeles.

  • Kev Zoryan

    ADVISORY BOARD, MEMBER

    Kev Zoryan is a Founding Partner at Arselle Investments, a Los Angeles–based real estate investment platform. Prior to launching Arselle, he spent 25 years at Morgan Stanley Real Estate Investing (MSREI), where he served as Head of U.S. Asset Management and Co-Head of U.S. Acquisitions for the West Coast platform.

    Kev holds an MBA from Harvard Business School and a B.S. from the University of Southern California. He is active on industry boards, including the Urban Land Institute (ULI).

  • Ron Sturzenegger

    ADVISORY BOARD, MEMBER

    Ron Sturzenegger brings more than 30 years of leadership experience across real estate, finance, and investment banking. He served as Managing Director and Global Head of Real Estate, Gaming & Lodging Investment Banking at Bank of America Merrill Lynch and its predecessor firms, holding senior executive roles until his retirement in 2018.

    Ron currently serves on the board of KBS REIT III and as a trustee for multiple funds managed by StepStone Group, including their Private Markets and Infrastructure platforms. He holds a B.S. in Industrial Engineering from Stanford University and an MBA from Harvard Business School. School.

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