Veteran HRE broker sees new opportunities in retail sites, sale-leasebacks
By Murray W. Wolf
Bryan Lewitt got any 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.
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