Steve LeBlanc is the former senior managing director of private markets, overseeing the real assets, private equity and principal investments portfolios at the $110 billion Teacher Retirement System of Texas (“TRS”), the top performing pension plan in 2010. Mr. LeBlanc’s team was responsible for managing the more than $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.
An experienced leader of investment professionals and assets in the real estate industry, Mr. LeBlanc was president and chief executive officer of NYSE-listed REIT Summit Properties in Charlotte, North Carolina. Summit had 500 employees, 18,000 apartment homes and $150-300 million of annual development and acquisitions. From 1998 to 2004, Summit increased its equity market cap from $0.5 billion to $1.1 billion (225 percent) and the total market cap from $1.26 billion to more than $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 Feb. 28, 2005.
Mr. LeBlanc also served as president and Chief Executive Officer of Urban Growth Property Trust in Chicago, Illinois, where he developed the company’s strategic business plan, orchestrated the transition to REIT status and recruited, hired and trained the team, which initiated more than $250 million in acquisitions and developments.
Prior to that, Mr. LeBlanc served as the executive vice president for Archstone Communities Trust in Santa Fe, New Mexico. Initially, he was head of acquisitions of existing communities, then promoted to head of land acquisitions, then promoted to head of development, then promoted to head of development for Security Capital Atlantic and helped take it public and subsequently merged 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.
Prior to that, Mr. LeBlanc was a senior partner at Lincoln Property Company where he was initially the partner for Austin/San Antonio (1984-1987). He was then promoted to senior partner for all of Texas (1987-1989). He was then promoted to open the office in the northeast (1989-1992). He was responsible for the management of 17,000 apartments, as well as the firm’s acquisition and development activities.
Mr. LeBlanc is a former member of the Private Capital Research Institute, and the SEC Advisory Committee on Small and Emerging Companies. Mr. LeBlanc is also a former member of the RREEF America III Board of Directors. He is a member of the Pension Real Estate Association (PREA).
In 2011, Mr. LeBlanc testified 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 on Bloomberg Television’s “Street Smarts” and “Money Moves,” as well as a guest host on CNBC’s “Squawk Box.”
Steve LeBlanc, and his partner Tom Stacy, are Co-Founders of CapRidge Partners, LLC. CapRidge Partners is a fully integrated operating company that is based on customer service and combines the operating platform and history of T. Stacy & Associates with the institutional investor expertise and relationships of Mr. LeBlanc.
Mr. LeBlanc is a trustee and governor of the Urban Land Institute and formerly served as chairman of the District Council in Austin. He has served on the Board of Trustees of the Real Estate Roundtable, the Investment Advisory Board of the Employee Retirement System of Texas and the Penland School of Crafts and the Rio Grande School at Charlotte Latin School.
Mr. LeBlanc is on the Board of the Austin Presbyterian Seminary and a member of University Presbyterian Church in Austin where he is on the Finance Committee and a former Elder.
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 a professor at the McCombs School of Business where he led the creation of the Real Estate Certificate Program for Undergraduate Students at The University of Texas at Austin.