(Bloomberg) – Wells Fargo & Co. has hired Barclays Plc real estate investment banker Scott Levin, according to people with knowledge of the matter.
Levin will join the U.S. bank as New York-based chief executive in September, reporting to Randy Williamson, the people said, asking not to be identified because the information is private.
He will focus on advising real estate investment trusts, private companies and private equity firms, with a focus on office, retail, industrial, multi-family, self-storage. and other types of non-traditional properties. Levin joined Lehman Brothers in 2003 and has worked at Barclays since taking over the late lender in 2008.
Wells and Barclays have both been active in REIT transactions. Wells co-advised Realty Income Corp. on its acquisition of Vereit Inc., and Barclays co-advised Kimco Realty Corp. upon its acquisition of Weingarten Realty Investors, both announced in April. Barclays also this week co-advised Medical Properties Trust Inc. on a $ 950 million inpatient behavioral health hospital facility deal and a stake in Springstone LLC.
Levin, a spokesperson for Barclays and a spokesperson for Wells Fargo declined to comment.
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