Suggestions
Jonathan Litt
Founder & CIO at Land & Buildings Investment Management
Jonathan Litt is the Founder and Chief Investment Officer (CIO) of Land & Buildings Investment Management, a Connecticut-based hedge fund specializing in real estate investments.14 Here are key details about his background and career:
Professional Experience
Land & Buildings Investment Management:
- Founded the company in July 20084
- Focuses on long/short equity strategies in REITs and global real estate companies4
- Manages discretionary assets totaling $650,763,002 as of March 20241
Previous Roles:
- Managing Director/Senior Global Real Estate Analyst at Citigroup (2000-2008)4
- Managing Director/Senior Property Analyst at Paine Webber (1996-2000)4
- Senior REIT Analyst at Salomon Brothers (1994-1995)4
- REIT Analyst at European Investors Inc. (1992-1994)4
Academic Involvement
- Adjunct Professor at NYU Stern School of Business since September 20224
- Teaches an Activist Investing class at his alma mater4
Investment Approach
- Known for activist investing in the real estate sector2
- Advocates for unlocking value in publicly traded real estate firms3
- Recently called for Equity Commonwealth to liquidate its remaining assets and return capital to shareholders2
Education
- Alumnus of NYU Stern School of Business1
Jonathan Litt has established himself as a prominent figure in real estate investment, combining his extensive experience in the industry with an activist approach to drive value for shareholders.
Highlights
Blackstone’s purchase of AIR Communities (NYSE: AIRC) for $10 billion, 25% above last trading price following our L&B’s engagement with the company, including a board refresh, highlights the benefits of enhanced corporate governance and shareholder engagement. This deal – and Blackstone’s activity on the M&A front – underscores the discount between the value of real estate assets in the public and private markets. We except more action to come. https://lnkd.in/eTjMqj7x
A moment of silence for a guru, mentor, and friend Sam Zell. Zell's legacy will last for generations. Sam was more than a famed investor, he enjoyed educating the industry and newcomers alike on how to succeed. We are all at a loss as we mourn Sam's passing, his sharp tongue, keen insights, and most importantly his friendship and humanity. Thank you, Sam!
https://samzelllegacy.com/
