Rivermont Capital’s investment team is led by Michael Lemanski and Andrew Holton. The founders have built on their combined investment, development and operational expertise by utilizing a diverse team of analysts and strategic advisors with specialized knowledge of the industry.

Michael Lemanski

Michael Lemanski is Rivermont’s chief executive officer and chief investment officer.

Prior investment entities led by Michael have acquired and repositioned more than 40 distressed properties with an aggregate market value in excess of $350 million, including a mix of residential, office, retail and hospitality projects. While Michael is best known for his pioneering work transforming downtown Durham, NC’s city center, he has been managing similar investment strategies in Danville, VA and Fayetteville, NC.

In Durham he created and led Greenfire Real Estate Holdings (“Greenfire”), a real estate investment, asset management and development firm. Greenfire managed a private investment pool focused on downtown Durham and helped provide a master development framework for the city center. Greenfire’s portfolio included approximately 650 residential units, 200 hotel rooms, and 140,000 square feet of retail space. Greenfire was a key player in redeveloping one of the most distressed downtowns in the Southeast into one of the most vibrant with a mix of residential, office, hospitality and main street level retail space.

Between 2011 and 2017, Michael also served as the Founding Director of the Development Finance Initiative (DFI), a real estate consulting entity associated with the UNC School of Government. While leading DFI, Michael advised more than 70 local governments on how to attract private investment into more than 100 projects.

Over his career, Michael has taught and lectured extensively on real estate development, urban revitalization and real estate finance for the University of North Carolina, the Urban Land Institute, and Duke University. Michael holds a MBA from the University of North Carolina at Chapel Hill and earned his MDS in Environment Science and his BS in Chemical Engineering from North Carolina State University.

Andrew Holton

Andrew Holton is the Managing Principal of Rivermont.

Prior to co-founding Rivermont, Andrew spent nearly seven years working for the N.C. State Treasurer and the North Carolina Retirement Systems. During that time he worked in various role, including the lead attorney for the Local Government Commission, Deputy Chief of Staff, Interim Audit Director and General Counsel.

Throughout his career, Andrew has served as an expert and consultant on economic development, demographic, finance and legal issues for organizations like the University of North Carolina, the Triangle Community Foundation, the Z. Smith Reynolds Foundation and Wake County, North Carolina.

Andrew serves on the boards of Education North Carolina, the North Carolina Center for Public Policy Research and the Caris Foundation. He holds a JD from the University of Wisconsin Law School and at BA from the University of North Carolina at Chapel Hill.