We are large enough to attract and retain talented people yet small enough to focus on each investment. The members of our management team have an average of 25 years experience in real estate.
Mr. Batinovich currently serves as President and Chief Executive of Glenborough, LLC. Glenborough, LLC is a privately held full service real estate investment and management company focused on the acquisition, management and leasing of institutional quality commercial properties. Mr. Batinovich has served as Chief Executive Officer and as a member of the board of directors of Strategic Realty Trust (SRT), a public non-traded REIT, since Glenborough, LLC and its affiliate SRT Advisors, LLC became property manager and advisor to SRT in August 2013.
In 2010 Mr. Batinovich led a private investor group in acquiring Glenborough, LLC and related real estate assets that were originally part of Glenborough Realty Trust, a NYSE listed REIT, which was sold, in a transaction valued at $1.9 billion, to affiliates of Morgan Stanley in 2006. From December 2006 to October 2010, Mr. Batinovich served as President and CEO of Glenborough Acquisition, LLC, a company formed by an affiliate of Morgan Stanley to acquire Glenborough Realty Trust. In connection with the 2006 transaction, Mr. Batinovich and the Glenborough Realty Trust senior management team were retained to operate the new private entity, and the team remains together in the newly re-acquired Glenborough, LLC. In 1996 Mr. Batinovich co-founded Glenborough Realty Trust and was President and CEO at the time of the sale in 2006. Mr. Batinovich was appointed President of Glenborough Realty Trust in 1997and Chief Executive Officer in 2003. He also served as Chief Operating Officer and Chief Financial Officer during his tenure at Glenborough Realty Trust. Prior to founding Glenborough Realty Trust, Mr. Batinovich served as Chief Operating Officer and Chief Financial Officer of Glenborough Corporation until 1996 when it was merged into Glenborough Realty Trust, Inc. Glenborough Corporation was a private real estate investment and management company that completed a number of private placements of office industrial, residential and hotel properties. Prior to joining Glenborough Corporation in 1983, Mr. Batinovich was an officer of Security Pacific National Bank.
Mr. Batinovich currently serves as an independent director of Sunstone Hotel Investors (NYSE:SHO), since November 2011, and as an independent director of RAIT Financial Trust (NYSE:RAS), since March 2013. Mr. Batinovich is a member of the International Council of Shopping Centers (ICSC) and other trade associations. He also serves as a trustee of The American University of Paris. Mr. Batinovich earned a BA in International Business Administration from The American University of Paris.
Michael A. Steele is Glenborough’s Executive Vice President and Chief Operating Officer, a position he has held since August 2003. Prior to joining Glenborough as Executive Vice President, Portfolio Management in 2002, Mr. Steele spent ten years at Equity Office Properties Trust (EOP) or its affiliates. There, he served as Executive Vice President, Real Estate Operations and Chief Operating Officer from 1998 through 2002. Before that, he was Executive Vice President, Real Estate Operations at EOP from 1996 until 1998; which followed a variety of executive positions at various EOP affiliates beginning in 1992. Before joining EOP, Mr. Steele served as Senior Vice President and Regional Director for Rubloff, Inc., a full service real estate company in Chicago, IL.
Mr. Steele has a BS in Accounting from St. Joseph’s College and MBA in Business Administration from the University of Illinois.
G. Lee Burns is a Senior Vice President, General Counsel and Secretary for Glenborough, LLC. Previously, Mr. Burns was Vice President, General Counsel and Secretary of Glenborough Realty Trust Incorporated. Mr. Burns joined Glenborough Realty Trust Incorporated in March of 1997, and previously held the position Vice President – Counsel. In addition to his duties as General Counsel, Mr. Burns provides legal and strategic advice to the company in the areas of acquisitions, dispositions and finance. Prior to joining Glenborough, Mr. Burns spent 13 years in private practice, specializing in real estate transactions. He is a member of the State Bar of California. Mr. Burns has a BA (with distinction) in Economics and a J.D., both from Stanford University.
Before taking on her current position as Senior Vice President, Accounting Terri Garnick served in the same role for Glenborough Realty Trust Incorporated. Since January 22, 2014, Ms. Garnick has held the position of Chief Financial Officer for Strategic Realty Trust, Inc., a public non-traded REIT. She is responsible for all property management accounting, financial statement preparation, audits, and tax returns for both companies. Before joining Glenborough Corporation in 1989, Ms. Garnick was Controller at August Financial Corporation, a real estate investment and management company (1986 to 1989) and Senior Accountant at Deloitte, Haskins & Sells (1983-1986).
Ms. Garnick earned a CPA designation and has a BS in Accounting from San Diego State University.
As Senior Vice President – Investments, Mr. Shapiro is responsible for sourcing, analyzing and closing all Company acquisitions. Since joining the Company in 1997, Mr. Shapiro and his acquisition and research team have closed over $3 billion of real estate investments consisting of office, industrial, retail and multi-family properties located throughout the U.S. Mr. Shapiro is also responsible for all property dispositions and valuations. Prior to joining Glenborough, he spent 14 years as Director of Asset Management and Equity Sales with Aetna Life Insurance Company where he managed a diverse portfolio of commercial properties.
Mr. Shapiro received a BS in Accounting from Fairleigh Dickinson University and is a member of the International Council of Shopping Centers (ICSC) and the National Association of Industrial and Office Properties.
Mr. Kettmann has been with the Company since January 2008 and has held the positions of Manager – Special Projects and more recently Manager – Finance. During this time, Mr. Kettmann has worked with lenders and brokers to negotiate and secure financing for a number of the Company managed portfolios. Mr. Kettmann is also responsible for assisting with the investment functions such as acquisitions, dispositions and asset management of the funds and properties. Prior to joining Glenborough, Mr. Kettmann previously held the positions of Senior Tax Analyst at Farallon Capital Management, LLC and a Senior Tax Consultant at Deloitte & Touche, LLP.
Mr. Kettmann received his BS in Accounting from the Leavey School of Business at Santa Clara University, Santa Clara, CA.
As Director of Financial Management, Carla Brewster monitors the financial performance of the entire Glenborough real estate portfolio. She also tracks property occupancy, absorption and leasing activity, as well as monitors the accurate assessment of property taxes and coordinates the preparation of operating budgets and forecasts. Prior to joining Glenborough in 1990, Ms. Brewster held positions as Vice President at Windsor Financial, Portfolio Manager at August Financial Corporation and Analyst at Southmark Corporation.
She has a BS in Accounting from the University of Wyoming.