Land and Buildings' team members have worked together for many years. Prior to joining the firm, several members worked at Citigroup on the Global Real Estate Equity Research team. We have a team based culture where each member has clear responsibilities. The investment team communicates constantly and meets daily to discuss current events and portfolio composition.
Founder & CIO
Jonathan Litt has over 22 years of experience as a global real estate strategist and an investor in both public real estate securities and direct property. Mr. Litt founded Land and Buildings in the summer of 2008 to take advantage of the opportunities uncovered by the global property bubble. Previously, Mr. Litt was Managing Director and Senior Property Analyst at Citigroup where he was responsible for Global Property Investment Strategy, coordinating a 44 person team of research analysts located across 16 countries.
Mr. Litt was recognized as a leading analyst since 1995, achieving prestigious Institutional Investor Magazine #1 ranking for 8 years and top five ranking throughout the period. Mr. Litt also achieved top ranking from Greenwich Associates since 1995. During his career as a sell-side analyst, he was involved with many mergers and acquisitions, initial public offerings and other forms of financing. During this time, he developed close relationships with both public and private real estate professionals.
Before moving to the sell-side in 1994, Mr. Litt worked on the buy-side investing in public real estate securities and buying real property during his tenure at European Investors and BrookHill Properties, where his career began in 1988.
Mr. Litt graduated from Columbia University in 1987 with a BA in Economics and NYU's Stern School of Business in 1990 with an MBA in Finance. Mr. Litt can often be seen on CNBC or quoted in the Wall Street Journal and other industry publications. He is also the president of a a not-for-profit, the Children with Dyslexia Scholarship Fund, which provides children with scholarships to secondary schools that specialize in dyslexia.
Co-Founder & PM
Craig Melcher co-founded Land and Buildings in the summer of 2008. He is currently the co-founder and portfolio manager.
From 2002 through July 2008, Mr. Melcher was Vice President at Citigroup where he covered more than 20 apartment and specialty REITs. He assisted in overall strategy for global real estate on the consistently top ranked real estate research team, according to Institutional Investor magazine and Greenwich Associates. Mr. Melcher helped develop and oversee the management of the various model portfolios managed by the team, including the long only U.S. REIT portfolio and long/short hedge fund. He was a key decision maker in portfolio allocation for these model portfolios since inception.
Mr. Melcher graduated cum laude with a Bachelor of Science degree from the Wharton School at the University of Pennsylvania with concentrations in Finance and Information Systems. He was a Stern Scholar and graduated with honors from the Stern School of Business with a Masters in Business Administration and is also a CFA charterholder. He is a member of the CFA Institute and the New York Society of Securities Analysts.
Corey Lorinsky joined Land and Buildings in 2011 and is a member of the Investment Committee. He is responsible for investment idea generation, monitoring current investments and supporting the global research efforts at the firm. He is responsible for building, maintaining and updating earnings, net asset value and pricing models as well other macroeconomic, industry and company-specific analysis.
Mr. Lorinsky joined Land and Buildings from Elliott Associates, a $17 billion multi-strategy hedge fund based in Manhattan, where he was a Research Analyst from 2009 to 2011. Prior to that role, he conducted research on housing and the financial crisis at the Stern School of Business at New York University.
Mr. Lorinsky graduated magna cum laude from The Wharton School at The University of Pennsylvania with a B.S. in Economics and Concentrations in Finance, Entrepreneurship and Real Estate. He has passed all three levels of the Chartered Financial Analyst (CFA) exams.
Chief Operating Officer & Chief Financial Officer
Stephen Katchur joined Land and Buildings in March 2014. He is Chief Operating Officer and Chief Financial Officer and is responsible for fund and management company operations, accounting, and compliance.
Mr. Katchur was previously Chief Financial Officer for North Oak Capital Advisors, an investment fund seeded by Julian Robertson. At North Oak, he was responsible for all non-investment functions of the fund including accounting, operations, compliance, marketing, and management company finances. Prior to joining North Oak, Mr. Katchur was Chief Financial Officer for Wolfacre Global Management, a fund also seeded by Julian Robertson. Previously, Mr. Katchur held hedge fund accounting roles at International Fund Services and Citco Fund Services. He began his career as a fund accountant at Bank of New York.
Mr. Katchur earned an MBA from the New York University, Stern School of Business, specializing in Financial Instruments and Markets. He earned a B.S. in Finance from the University of Central Florida.
Director of Investor Relations
Jonathan Dunn joined Land and Buildings in March 2016. He is the Director of Investor Relations and is responsible for all investor outreach along with supporting the firm’s third party marketing effort.
Before joining Land and Buildings, Mr. Dunn served as a Vice President at Optima Fund Management, a Manhattan based fund-of-funds, from 2014 to 2016. Working in the marketing department, he was responsible for relationship management and asset raising with the firm’s strategic partner, BNY Mellon Wealth Management. Prior to joining Optima, Mr. Dunn served as Director of Investor Relations at QFS Asset Management, a systematic fundamental global macro manager located in Greenwich, from 2011 until the firm’s closing in 2014. In this role, he worked closely in a product specialist capacity with the marketing, operations, fund accounting, trading, legal, and research teams. Prior to joining QFS, Mr. Dunn was an Assistant Vice President and Associate Portfolio Manager at Morgan Stanley (and legacy firms) from 2004 to 2011, doing investment research and client communication in the unified managed account program for institutional and high net worth investors.
Mr. Dunn earned a Bachelor of Science degree in marketing and management at Villanova University and an MBA from the University of Connecticut with concentrations in finance, marketing, and international business, graduating with honors.
Chris Kosiewska joined Land and Buildings in January 2016. Previously, Mr. Kosiewska was part of a rotational program in operations at Rabobank. He has experience in trade finance services and middle-office operations. Additionally, he supported multiple trading desks at Rabobank. Prior to Rabobank, he worked at L.S. Global Advisory conducting shareholder research for foreign companies. He also participated in a summer analyst program in prime brokerage at Morgan Stanley and completed an internship at UBS Wealth Management.
Mr. Kosiewska graduated from St. John’s University with a B.S. in Finance.