Jay Leupp is the Managing Partner and Senior Portfolio Manager on Terra Firma Asset Management’s Global Real Estate Securities Team. He began working in the investment field in 1989. Prior to Co-Founding Terra Firma in 2019, Jay served as the Managing Director and Portfolio Manager/Analyst on Lazard Asset Management’s Real Estate Securities Team, a business that was created with the sale of Grubb & Ellis Alesco Global Advisors to Lazard in 2011. Prior to joining Lazard, Jay was the President and Chief Executive Officer of Grubb & Ellis Alesco Global Advisors and served as the Senior Portfolio Manager for their real estate securities mutual funds. Jay founded Alesco in 2006 and had been its President and Chief Executive Officer since its inception. Prior to founding Alesco, Jay served as Managing Director of Real Estate Equity Research at RBC Capital Markets, an investment banking group of the Royal Bank of Canada, where he oversaw a five-person equity research team. Prior to joining RBC, Jay served as Managing Director of Real Estate Equity Research at Robertson Stephens & Co. Inc., an investment banking firm where he founded the Real Estate Equity Research group in 1994. From 1991 to 1994, Jay was a vice president of the Staubach Company, specializing in the leasing, acquisition and financing of commercial real estate. From 1989 to 1991, he was a development manager with Trammell Crow Residential, one of the nation's largest developer of multifamily housing. Jay holds an MBA from Harvard University and a bachelor's degree from Santa Clara University. Jay currently serves on the Board of Directors of Health Care Trust of America (NYSE: HTA), G.W. Williams Company, San Francisco Catholic Charities, Chaminade College Preparatory (Los Angeles), and on the Policy Board of the Fisher Center for Real Estate at the University of California, Berkeley. Jay is past chair (2007-2009) and serves as a Regent Emeritus on the Santa Clara University Board of Regents. Jay also serves on Santa Clara University’s Trustee Finance Committee, Leavey School of Business Advisory Board, and The Ignatian Center for Jesuit Education.