NEW YORK, March 20, 2017 – Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce Rick Lechtman has joined the firm’s Manhattan office as a commercial real estate capital advisor. With more than 25 years of capital markets experience as a top-level debt and equity producer, Lechtman will be responsible for securing commercial debt and equity financing for an array of property types on behalf of institutional, middle-market and private clients in Manhattan, the Tri-State Area and nationwide.
Lechtman has served as the eastern regional director of Marcus & Millichap Capital Corp. (MMCC) since 2015 and prior to that was the eastern director of Marcus & Millichap’s National Office and Industrial Properties Group.
“Rick will be a tremendous source of origination expertise for our clients in the New York area and beyond,” says Richard Katzenstein, senior vice president and national director of MMCC. “We are excited to have Rick build out his capital advisory business and look forward to partnering with him as he grows his team.”
Before joining Marcus & Millichap, Lechtman served for 10 years as managing director of Ackman-Ziff Real Estate Capital Advisors in New York City. He held a similar position with CBRE/L.J. Melody & Co. and was a commercial real estate loan originator at J.P. Morgan and Nomura Securities. In 2008, Lechtman launched the New York City Chapter of NAIOP, the Commercial Real Estate Development Association, served as founding chapter president and received the “NAIOP Merit Award for Outstanding Contribution by a Chapter President.”
Lechtman holds a Bachelor of Arts degree in political economy from Tulane University and received his advanced professional certificate in real estate from the New York University Schack Institute of Real Estate. In addition to NAIOP, he is a member of the Mortgage Bankers Association, the International Council of Shopping Centers, and The Industrial & Office Real Estate Brokers Association.