We believe in transparency, accountability, and communication. We never forget whose money it is and who we are accountable to. We do not attempt to cut corners, hide material facts, or potential conflicts-of-interest. As much as we are able, we invest alongside investors, so we have skin in the game and are aligned with client objectives.
We believe speculation results from a lack of homework, greed, or as a deliberate strategy. Through careful analysis and due diligence, we attempt to reduce the speculative nature of investing. We think of ourselves as a risk-adverse asset manager. We look for consistency; seeking for singles and doubles, and leave homeruns and strikeouts to the aggressive minded. Most real estate investments that have blown up in people’s faces have been leveraged; we believe in debt-free real estate investment. Preservation of principal is our primary objective.
Gary L. Leavitt, the firm’s founder, established RealtyNet, LC in 1997 as a vehicle to acquire Utah real estate with investor funds. In 2003, Mr. Leavitt founded RealtyNet Advisors, Inc., a sponsor of debt-free, tenant-in-common (TIC) real estate. RealtyNet Advisors acquired and sold approximately 100 single tenant net-lease retail properties; primarily to investors involved in a 1031 exchange. Just prior to serving with his wife as a full-time volunteer for his church in 2011, Leavitt sold RealtyNet Advisors to his partner. Upon completion of his service in 2012, Leavitt established RealtyNet Asset Management, as a real estate asset management firm, and subsequently acquired the assets of RealtyNet Advisors.
Gary L. Leavitt
Founder & CEO
Mr. Leavitt graduated from Brigham Young University with a B.S. in Behavioral Sciences in 1979 and completed the coursework for a M.S. in Counseling from Oregon State University. He has worked as a registered representative in Salt Lake City and Provo, Utah with Kidder Peabody & Co. and Merrill Lynch. These experiences included establishing and managing the assets of 401(k) and other qualified retirement plans for major companies as well as focusing on direct participation and syndication programs in real estate and oil and gas.
After leaving Merrill Lynch, Mr. Leavitt established his own company G.L. Leavitt Financial Group, which operated as an investment firm and a broker-dealer registered with the Financial Industry Regulatory Authority (“FINRA”). At G.L. Leavitt Financial Group, Mr. Leavitt established several successful real estate limited partnerships.
In 1992, Mr. Leavitt organized Genetrix, Inc. as an investment advisory firm focusing on secondary-market real estate limited partnerships as well as short-term bridge financing and hard money loans. Through this experience, Mr. Leavitt increased his understanding of debt financing and pooling investor funds to acquire real estate.
With this new knowledge and experience, Mr. Leavitt created RealtyNet.
Mr. Leavitt has held the following: insurance license, real estate broker license, Series 27, 24, 39, 7, 22, 63, and 65 securities licenses.
Paul R. Maxfield, JD
Mr. Maxfield graduated with a B.S. in Business Management and a Juris Doctor Degree from the J. Reuben Clark Law School at Brigham Young University. His professional experience began in finance as he worked as an accountant, banker, investor and CFO for various companies. He then began to work as a real estate investor and consultant.
Upon opening his private law practice, he quickly specialized in real estate law. His personal and professional experience in nearly every roll relating to real estate, have given him the background and expertise necessary to provide asset protection. In his position with RealtyNet, Mr. Maxfield provides oversight of the acquisition, due diligence, and property management functions for the firm.
In 1997, after serving several years as an asset manager for a private real estate investment firm, Gary Leavitt established 1031 Exchange Place, LC and RealtyNet, LC. These entities were the predecessors to RealtyNet Advisors, Inc., which was formally established in 2003.
Mr. Leavitt began to focus on the newly emerging Tenant-in-Common (“TIC”) industry (fractionalized interests in real estate) and other suitable 1031 exchange replacement property, eventually leading to his vision for RealtyNet Advisors, Inc. RealtyNet supplied single tenant net-lease properties as replacement property to investors in a 1031 exchange. RealtyNet has fractionalized and sold close to 100 debt-free single tenant net- lease properties so far.