In 1997, Gary Leavitt became a licensed real estate agent, and established 1031 Exchange Place, LC, to assist sellers of investment property navigate their 1031 exchange and locate suitable replacement property. In 2003, Leavitt became a principal real estate broker and organized RealtyNet Advisors, Inc., a sponsor of tenant-in-common (TIC) replacement property for exchangors seeking secure monthly income without management responsibilities. Gary owns and is the principal broker of RealtyNet Group, LLC, a Utah real estate company, licensed with the Utah Division of Real Estate.
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. (investment banking firm) 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 syndicated real estate and oil and gas programs and offerings.
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 National Association of Securities Dealers (“NASD”). 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. In time, Mr. Leavitt began to focus on the newly emerging TIC industry and other suitable replacement property choices for real estate owners involved in a 1031 exchange.
He and his wife have five children and six grandchildren. Having participated in football, gymnastics, and wrestling in high school and wrestling in college, Mr. Leavitt likes to remain active by jogging, weight lifting and boxing. He is active in his church and has been involved in the community has a youth coach in basketball and soccer, and as a Boy Scout leader. Mr. Leavitt also has established two charitable organizations to which he contributes both time and money.