Jonathan Litt, CEO of Land and Buildings

JERSEY CITY, NJ—Jonathan Litt, founder and CEO of Land and Buildings, an equity fund that invests in REITs and other real estate, has resigned from the board of directors of Mack-Cali Realty Corp., the company said Monday. Litt resigned effective August 18, 2016.

The company went out of its way to say in its statement that “Litt's resignation is not related to any disagreement with the Company's operations, policies, or practices.”

“We thank Jonathan for his two plus years of service to the company. During his tenure with Mack-Cali, the board of directors helped create and guide a new executive leadership team and formulate our new three-year strategic plan,” says Michael J. DeMarco, Mack-Cali president.

Litt's biography on his company's website says he founded Land and Buildings in 2008 “to take advantage of the opportunities uncovered by the global property bubble.” He had previously been a managing director and senior property analyst at Citigroup. Earlier, he had worked at European Investors and BrookHill Properties.

Litt did not respond to a GlobeSt.com email seeking comment.

The company went out of its way to say in its statement that “Litt's resignation is not related to any disagreement with the Company's operations, policies, or practices.”

Litt did not respond to a GlobeSt.com email seeking comment.

Instant Insights /

CRE Investor Jonathan Litt Resigns from Mack-Cali Board of Directors

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