Veteran HRE broker sees new opportunities in retail sites, sale-leasebacks
By Murray W. Wolf
Bryan Lewitt got an early introduction to the healthcare business. As a high school student back in the mid-1970s, he worked for Tarzana (Calif.) Hospital doing maintenance work and delivering medications within the hospital. And after a brief flirtation with a career in politics during college and law school, he returned to his roots by becoming a healthcare real estate (HRE) broker.
During productive stints with The Staubach Company, Cushman & Wakefield and CBRE (NYSE: CBRE), Mr. Lewitt joined the Los Angeles office of Jones Lang LaSalle Inc. (NYSE: JLL) in May 2018 to become managing director, healthcare, and the Southern California practice leader for JLL’s Healthcare Services Group. During his 30-plus-year career in the HRE space, he has completed transactions exceeding $1.5 billion.
Now, with about one year under his belt since moving to JLL, Mr. Lewitt was recently asked by Healthcare Real Estate Insights™ to reflect on that transition, as well as his career and his views on the current state of the HRE business.
‘I never thought I’d get into healthcare’
Mr. Lewitt is a lifelong resident of the Los Angeles area. His father, Maurice, is a Los Angeles attorney and M.B.A. who, together with a partner, formed a public company called SETCO in the late 1960s to buy, build, own and operate acute general hospitals and ancillary service entities. The hospital – now known as Providence Tarzana Medical Center – that employed the younger Mr. Lewitt as a high schooler was one of those developed and owned by his father.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE