L&B Realty Advisors
L&B Realty Advisors is an employee-owned, SEC-registered real estate investment advisor. Since 1965, L&B has provided real estate investment management services to institutional investors and family offices. With $7.5 billion under management and 50 years experience, L&B has a proven track record of successfully acquiring, managing, and disposing real estate on behalf of our clients.
Real Estate Specialization
| Office |
| Mixed-use |
Investment Type
| JV partnership |
| Acquisition/Fee Simple |
Investment Style
| Core |
| Core+ |
| Value-add |
| Opportunistic |
| Development |
Typical Deal Size
| > $50,000,000 |
Andrew Smith
G. Andrews Smith is the managing partner and is responsible for strategic management. Mr. Smith is a member of L&B's Investment Committee and chairs the Management Committee. Mr. Smith joined the Dallas law firm of Winstead, McGuire, Sechrest and Minick in 1978 as a real estate tax attorney, where he worked until he joined L&B in 1981. Mr. Smith has served as a board member of the Pension Real Estate Association, the United States Chamber of Commerce Economic Policy Committee, Institutional Real Estate Clearinghouse, and the National Conference on Public Employee Retirement Systems. Other professional activities include: sole trustee to State Treasurer of Michigan, member of a three person task force selected to deliver comments to SEC on proposed amendments to Investment Advisors Act of 1940, and University of Texas-Task Force member (alternatives related to endowment lands). Mr. Smith currently serves on the Board of Trustees of Loyola University Chicago (2008-2011) and was appointed to the Executive Committee (2009-2011). Mr. Smith also sits on the Facilities and Capital Assets and Audit committees for the University. Mr. Smith is currently a member of the Texas State Bar, Dallas Bar Association, the Bar of the District of Columbia Court of Appeals and served as Mayor Pro-Tem of Highland Park, Texas (2004-2008).
Daniel Plumlee
Daniel L. Plumlee is the senior executive responsible for overseeing investments and is one of the firm’s two partners. Mr. Plumlee is a member of L&B's Management Committee and is the Chair of the Investment Committee. Before joining L&B in 1984, Mr. Plumlee practiced real estate law with the Dallas firm of Strasburger & Price. Mr. Plumlee is a member of The Real Estate Council, the Urban Land Institute, and the International Council of Shopping Centers. Mr. Plumlee received his BBA degree in accounting from the University of Texas in 1978 and a JD degree from Southern Methodist University in 1981. He is a licensed real estate broker in the state of Texas, and a member of the State Bar of Texas, Dallas Bar Association and the American Bar Association.
Stephen O'Brien
Stephen B. O’Brien is responsible for new business development targeting institutional investors and high net worth individuals for participation in L&B’s funds and separate accounts. Before re-joining L&B in 2004, Mr. O’Brien spent 20 years at David L. Babson & Company where he served in various capacities including sales, client service and consultant relations. In addition to his most recent position as managing director of marketing and sales, O’Brien also served as managing director of Babson-Stewart Ivory International, a Babson affiliated investment firm in Edinburgh, Scotland. From 1984 through 1995 Mr. O’Brien held the office of executive vice president of Lehndorff & Babson Real Estate Council. Coincidentally in 1995, Lehndorff and Babson became L&B Realty Advisors when L&B purchased the Babson partnership. He is an active member of the National Conference of Public Employees Retirement Systems (NCPERS) and the Pension Real Estate Association (PREA). After receiving his bachelor’s degree from Williams College, Mr. O’Brien served in the United States Navy aboard the USS Chilton (APA 38) out of Norfolk, Virginia.
Jennifer Hanson
Jennifer A. Hanson began her career with L&B in 1996, and was both a Field Property Controller and a Divisional Controller before assuming her current position. She has 15 years of experience in real estate accounting including audit oversight and preparation, tax return review and filing, due diligence review and pro-ration preparation, assurance of GAAP adherence, specialty client reporting and consolidation, cash flow projection, budget preparation, accounting of multi-facet real estate transactions and improvements, investment return preparation and actuarial analysis and multiple real estate accounting software conversions. Prior to joining L&B, Ms. Hanson worked at JPI as Senior Staff Accountant in Construction Accounting and later as Senior Financial Accountant in Ownership Reporting. Ms. Hanson earned a BBA Degree in Accounting from Stephen F. Austin State University in 1993. She is a Certified Public Accountant.
Eric Smith
John Gerdes
Jack Simone