Who we are

Entitled Land Company (ELC) is a Los Angeles–based real estate development and investment firm focused on creating value through disciplined, entitlement-first execution. The firm specializes in navigating complex zoning and regulatory frameworks to deliver institutional-quality residential, mixed-use, and select industrial and medical development opportunities in high-barrier California markets.

Our Experience

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

Our Strategy

ELC’s strategy is centered on entitlement-driven value creation. By leveraging state and local streamlining tools and related zoning frameworks, the firm repositions sites for higher and better use while reducing regulatory execution risk and compressing development timelines. Our “entitle-to-suit” approach aligns project scope, feasibility, and design assumptions with institutional builder requirements, resulting in development-ready assets that are both marketable and buildable.

Our Role

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

Our Approach

ELC evaluates land value through the regulatory, political, and economic forces that govern development outcomes and constrain supply. The firm focuses on projects where entitlement complexity, market inefficiencies, or regulatory friction have constrained supply, creating opportunities for disciplined, expert-led execution. This approach emphasizes capital efficiency, feasibility, and certainty of outcome rather than speculative development risk.

Underlying all of ELC’s activities is a commitment to integrity, rigor, and long-term relationships. The firm approaches each project with an institutional mindset, prioritizing transparency, alignment, and thoughtful engagement with stakeholders, partners, and communities. Success is measured by consistent execution, repeatable outcomes, and long-term partner alignment.

Meet the Leadership Team

  • Arteen Mnayan

    MANAGING PARTNER

    Arteen has been a land use and real estate attorney for nearly a decade at a global law firm, representing investors and developers through all stages of the entitlement and development process. 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.

  • Kev Zoryan

    ADVISORY BOARD, MEMBER

    Kev is a Founding Partner at Arselle Investments, a Los Angeles-based real estate investment platform. Before 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 and the West Coast platform. He holds an MBA from Harvard Business School and a BS from University of Southern California and is active on industry boards including the Urban Land Institute (ULI).

  • Ron Sturzenegger

    ADVISORY BOARD, MEMBER

    Ron brings more than 30 years of leadership in 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 and subsequently held senior executive roles at the firm through his retirement in 2018. Ron currently serves on the board of KBS REIT III and is 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.

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