Guest Speaker: Steve LeBlanc
When: Sunday, December 9, 2012
10 a.m. - Noon
Where: Frank Erwin Center
Speaker Bio: Steve LeBlanc is the founding partner of CapRidge Partners, a fully-integrated office building investor and manager headquartered in Austin, Texas.
Mr. LeBlanc is the former senior managing director of private markets at the Teacher Retirement System of Texas. He oversaw real assets, private equity, and principal investments portfolios. Mr. LeBlanc’s team was responsible for managing over $45 billion real estate and private equity portfolio exposure for the fund. His team made 116 investment commitments around the globe of nearly $30 billion in equity from 2008 to 2012. Mr. LeBlanc led the creation of the $6 billion Private Markets’ Strategic Partnership Network at TRS.
Mr. LeBlanc is a trustee and governor of the Urban Land Institute, and he previously served as chairman of the District Council in Austin. He served on the board of trustees of the Real Estate Roundtable, the Investment Advisory Board of the Employee Retirement System of Texas, the Penland School of Crafts, and Charlotte Latin School.
In 2011 Mr. LeBlanc was invited to testify in front of the Congressional Subcommittee on Capital Markets and Government Sponsored Enterprises on the “Reopening American Capital Markets to Emerging Growth Companies Act of 2011.” He has been a guest host on CNBC’s “Squawk Box,” Bloomberg Television’s “Street Smarts” and “Money Moves,” and Fox Business Network’s “Countdown to the Closing Bell.”
Mr. LeBlanc has a Bachelor of Business Administration in Real Estate/Finance from The University of Texas at Austin where he is the associate director of the Real Estate and Finance Council and professor at the McCombs School of Business. At McCombs he led the creation of the Real Estate Certificate Program for undergraduates.
He is an experienced leader of investment professionals and assets in the real estate industry. Mr. LeBlanc was president and CEO of NYSE-listed REIT Summit Properties in Charlotte, N.C. Summit had 500 employees, 18,000 apartment homes and $150 million to $300 million of annual development and acquisitions. From 1998 to 2004, Summit increased its equity market cap from $500 million to $1.1 billion (225 percent) and the total market cap from $1.26 billion to over $2 billion (176 percent). The total rate of return for shareholders was 144 percent, and averaged nearly 20 percent a year. Summit Properties merged with Camden Property Trust on February 28, 2005. He was recognized as the MF Executive of the Year.
He also served as president of Urban Growth Property Trust in Chicago, Ill., where he developed the company’s strategic business plan, orchestrated the transition to REIT status and recruited, hired and trained the team. The company initiated over $250 million in acquisitions and developments.
Prior to that, he served as the executive vice president for Archstone Communities Trust in Santa Fe, N.M. He started as head of acquisitions of existing communities, but was promoted to head of land acquisitions, then to head of developmen,t and finally head of development for Security Capital Atlantic. He helped take it public, and helped it merge into Archstone. He was responsible for the development, acquisition and management of 11,000 apartment homes, and the purchase of land for an additional 10,000 apartment homes.
Mr. LeBlanc was as senior partner at Lincoln Property Company for Austin and San Antonio from 1984 to 1987, then senior partner for all of Texas, Louisiana and Oklahoma from 1987 to 1989. He opened the company's northeast office, served there from 1989 to 1992. At Lincoln, he was responsible for the management of 17,000 apartments as well as the firm’s acquisition and development activities.
Mr. LeBlanc is a member of the Private Capital Research Institute, and the SEC Advisory Committee on small and emerging companies. He is a member of the Pension Real Estate Association (PREA), and on the Editorial Advisory Board of The Institutional Real Estate Letter – North America.