Former JLL Managing Director Launches Healthcare Focused Real Estate Investment Firm
Financial services industry veteran Steve Leathers has launched Leathers Group, a private real estate investment manager focused on medical office and specialty healthcare real estate.
Financial services industry veteran Steve Leathers has launched Leathers Group, a private real estate investment manager focused on medical office and specialty healthcare real estate. The firm also announced that Sean Leahy and Randy Beckman have joined as managing directors to form the base of its senior management team.
Leathers, formerly a managing director of Jones Lang LaSalle’s Healthcare Capital Markets Group, established the company to provide investment options for institutions and high net worth, exchange driven investors. The firm’s principals have more than $2 billion of healthcare real estate acquisition experience and 60 years combined commercial real estate experience.
“Using our significant network of developers, owners and brokers, we are able to secure institutional properties with steady, predictable cash flow resulting from high tenant-retention afforded by healthcare assets,” said Steve Leathers, president and founder. “Our aim is to provide white glove service to investment advisors, broker-dealers and their clients. Through working to meet the investment objectives and needs of investors, we can deliver on a range of risk/reward profiles.”
In his new role, Leahy will focus on real estate program asset management and operations and will draw upon his experience with medical office buildings and net leased properties. He previously served as a senior vice president of the asset management team for three healthcare REITs sponsored by AR Global LLC (formerly known as American Realty Capital).
Leahy previously served as regional vice president of asset management for Healthcare Trust of America Inc. (NYSE: HTA), has held senior roles with Cole Companies, and was actively involved in the launch of the company’s first two net lease REITs, numerous DST offerings and property dispositions.
Beckman, who will lead sales and marketing at Leathers Group, started his career 35 years ago as a financial consultant focused on comprehensive wealth management and transitioned to the capital markets side of the business more than 15 years ago. He has provided direct sales and marketing leadership for more than $2 billion of capital raised for public REITs and private investment programs.
Beckman has experience in securitized commercial real estate transactions, due diligence and market analysis. In 2010, he founded LD Fin, an industry consultant focused on serving the needs of investment sponsors, broker-dealers, RIAs, advisors and investors. He also served as executive vice president of sales for Grubb & Ellis Realty Investors, where he was a voting member of the acquisition and disposition committees. Beckman was elected and served two consecutive terms on the Alternative and Direct Investment Securities Association (ADISA) board of directors from 2008 to 2010.
Leathers Group is a private real estate investment manager based in Westchester County, New York.
