EL SEGUNDO, CA-GlobeSt.com exclusively learns that locally based Griffin Capital Securities added Jeffrey S. Schwaber as president of capital markets and head of distribution. Schwaber joins Griffin from Behringer Harvard Real Estate Investments, where he built and managed an industry-leading non-traded REIT sales organization that raised more than $5.5 billion since 2003.
A 27-year veteran of the securities industry, Schwaber brings a wealth of executive-level sales experience to Griffin, where he will focus his efforts on the distribution of Griffin Capital Net Lease REIT and Griffin-American Healthcare REIT II, Griffin Capital tells GlobeSt.com. “Jeff is one of the most recognized and respected securities executives in the financial services industry,” notes Kevin Shields, CEO of Griffin Capital Securities and Griffin Capital Corp. “You can count on one hand the senior distribution executives that have built an organization to Tier 1 industry-leading status, compiled a selling group of several hundred prestigious broker-dealer partners and raised billions of dollars through multiple economic cycles, and Jeff Schwaber is certainly one of them.”
According to David Rupert, president of Griffin Capital, “We undertook the highest level of diligence in making the decision as to whom we would appoint as President of our securities company. We spoke with several leading broker-dealer heads, due diligence officers and other influential industry leaders and invariably one name kept coming up. We are delighted Jeff is joining our team at such an exciting time in our company’s growth.”
According to Schwaber, he considered a number of different opportunities, but was drawn to Griffin Capital. “The company has an outstanding combination of two high-quality, well-positioned REIT offerings and, perhaps more important, each REIT is advised by a superior management team with a level of pedigree, focus and experience centered around creating value for their shareholders. I am excited to combine my capital markets expertise with the extensive real estate experience of each management team to drive sales and success to each REIT and their shareholders.”
Behringer Harvard did not respond to GlobeSt.com inquiries for comment by deadline.
In November, as GlobeSt.com reported, Los-Angeles-based Griffin Capital Corp., sponsor of the Griffin Capital Net Lease REIT Inc., a publicly-registered, non-traded real estate investment trust, was selected, along with Newport Beach-based American Healthcare Investors, to serve as co-sponsor of Griffin-American Healthcare REIT II (formerly known as Grubb & Ellis Healthcare REIT II) by the independent members of its board of directors. Griffin Capital Securities was selected to serve as the dealer manager of the healthcare REIT’s offering.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
