VP & Regional Director
Marcus & Millichap Capital Corporation
Rick Lechtman serves as Vice President of Marcus & Millichap Capital Corp. (MMCC), which is ranked as one of the largest financial intermediaries in the United States. In 2014, the firm successfully sourced and closed $3.8 billion in commercial real estate debt and equity structures. Mr. Lechtman is responsible for MMCC daily operations in the eastern region. Leveraging almost 25 years of commercial real estate experience, Rick oversees the growth and development of MMCC’s capital advisory finance team for the eastern US. Utilizing his extensive knowledge of real estate capital markets,underwriting, finance and the transaction continuum, Rick is responsible for aligning and supporting MMCC’s national strategic growth initiatives in this region. In addition, he also oversees the Note Advisory Services Team. He joined Marcus & Millichap Inc. (MMI) in the summer of 2013 to oversee MMI’s National Office and Industrial Properties Group (NOIPG.)
Prio rto joining MMI, Rick served for 10 years as Managing Director for the Ackman-Ziff Real Estate Group (AZREG) in New York City. While at AZREG, he was responsible for sourcing, underwriting, structuring and originating commercial real estate debt and equity. Prior to joining AZREG, Mr. Lechtman worked at L. J. Melody &Company, a CB Richard Ellis Company, originating loans in their New Jersey office. Before entering the brokerage side of the business, Rick worked for five years in the real estate banking industry as a commercial real estate loan officer at JP Morgan and Nomura Securities, financing deals for Commercial Mortgage Backed Securitization. Rick began his career as a residential mortgage broker with several top New York firms in the early 1990’s.
Rick has been actively engaged in the real estate capital markets arena,representing institutional, middle market and private clients, encompassing a variety of asset types including office buildings, industrial parks, shopping centers, hotels, multi-family, student housing, condominium and land development. He has played an active role in financing over $1.5 billion dollars in real estate assets as a principal and a broker.
In 2008, Rick launched the New York City Chapter of NAIOP, the Commercial Real Estate Development Association, serving as Founding Chapter President and received the NAIOP Merit Award for Outstanding Contribution by a Chapter President, this chapter is now over 200 strong. Rick currently sits on the NAIOP Corporate and NYC Chapter Board of Directors and is active in many aspects of the organization on both the national and local levels. Additionally, Mr. Lechtman is active with the International Council of Shopping Centers (ICSC), where he has co-chaired the ICSC Capital Marketplace Conference held annually in NYC and sits on the NY State Government Relations Committee. As well as MBA and IOREBA of NJ/NY.
Rick has been published in the Urban Land Institute’s national periodical Multifamily Trends Jan/Feb 2008 edition titled “Capital Markets Go Back to Basics” and New York Real Estate Journal August 2011 titled “Retail Real Estate Finance: The Good, The Bad, The Uncertain.” Mr. Lechtman holds a Bachelor of Arts in Political Economy from Tulane University and received his Advanced Professional Certificate in Real Estate from The New York University Real Estate Institute. Rick resides in Short Hills, NJ with his wife and children.