Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-Fort Lauderdale-based Levitt Cos., which develops, constructs, finances and manages commercial real estate, has formed the Levitt Realty & Finance division. The new group specializes in acquiring and financing commercial real estate that is owned, controlled or occupied by investment-grade public companies nationwide.

The division is looking to purchase the properties and ultimately lease them back to the sellers. This allows the corporations to maintain control over the property’s use, operations and maintenance, while benefiting from the added liquidity on their balance sheets.

In addition, Levitt Realty & Finance will facilitate short-term loans nationally to non-affiliated entities secured by single-tenant commercial real estate leased long-term to investment-grade public companies. Additionally, the finance division will facilitate credit facilities to fund corporate-sponsored real estate loans. Under this program, corporate sponsors receive funding for the value of underlying real estate, for their nationwide franchisees and subsidiaries, and for their product and service providers. The division will also facilitate loans to assist in 1031 exchange transactions.

Thomas Dujanovic, who has more than 25 years of experience in commercial real estate, has been appointed president of Levitt Realty & Finance. Levitt Cos. is a wholly owned subsidiary of BankAtlantic Bancorp Inc.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.