Our Team


Steven M. Ekovich
National Golf Director
Vice President Investments

Mr. Ekovich has been in the real estate business since 1985, both brokering commercial real estate and serving as Regional Manager for several Marcus & Millichap offices. He has closed or overseen over $3.5 billion of commercial real estate transactions. Currently Steve is the National Managing Director of LIPG and Vice President of Investments for Marcus & Millichap. Since 2011 Mr. Ekovich has listed, sold and underwritten in excess of $1 billion of leisure investment properties (golf courses, resorts, marinas and master planned communities). Mr. Ekovich has sold the nation’s largest banking institutions, as well as major national and international leisure asset owners.  Mr. Ekovich has been a published author in numerous golf trade publications such as: Golf Inc., Golf Business, Florida Golf Central and has been named one of the top ten “Movers & Shakers” by Golf Business for 2014. Additionally, he is routinely called upon for leisure investment industry statistics and quotes by well-known institutions such as Bloomberg News, The New York Times and the Business Journals in major metropolitan areas. Mr. Ekovich has been a featured speaker since 1998 at real estate and leisure industry events nationally.

Mr. Ekovich has opened 4 offices for Marcus & Millichap, was voted “Regional Manager of the Year,” was the National Director of Marcus & Millichap’s National Self Storage Group and he is the perennial top broker at Marcus & Millichap in the Golf / Hospitality Division.


 

Christopher R. Karamitsos, PGA
Senior Investment Advisor

Chris Karamitsos has been a member of the PGA of America since 1995 and has worked in nearly every facet of the golf industry since 1990. He has played competitively since 1989 and served in a managerial/consulting capacity for golf course owners and developers throughout his career.  In 2004, Mr. Karamitsos became Associate Vice President of Commercial Investments for Great American Realty of Tampa Inc. In 2008, he and Steven Ekovich founded the National Golf and Resort Properties Group of Marcus & Millichap. The National Golf & Resort Properties Group, now the Leisure Investment Properties Group, listed, sold and under wrote in excess of  $1 billion of leisure investment properties in over 30 different states.  He has been the editor of several golf publications, the featured instructor for PGA Magazine, and the St. Petersburg Times and is the author of School Golf – A Teacher’s Manual. Mr. Karamitsos has been the recipient of numerous awards from the PGA of America, has served on the executive boards of the North Florida PGA and the First Tee of Clearwater, and is a frequent presenter at industry trade shows and conferences.   Mr. Karamitsos graduated from St. Leo University in 1986 after having been awarded an ROTC scholarship. His degrees include a B.A. in Political Science, International Relations, Military Science and minor degrees in English and History. He served as an active-duty commissioned officer until 1990 at which time he pursued his career in the golf business. Mr. Karamitsos has worked at golf facilities as a Head Golf Professional, Director of Golf and General Manager. He founded the Karamitsos Golf Academy, Sigma Golf Management and Millennium Golf Ventures and was the Junior Golf Chairman of the North Florida PGA.


 

Matthew Putnam
Investment Advisor
Mr. Putnam has been an associate of the National Marina and Resort Divisions of LIPG since 2010. Prior to gaining associate status with the group, Mr. Putnam served as a financial analyst and marketing coordinator. Since joining the group in 2009, Mr. Putnam has been involved in underwriting more than $500 million of golf and resort assets and has been directly involved in closing more than $60 million.  He has held an active real estate license since 2006 and got his start in the real estate business while managing condo-hotel properties along Florida’s west coast. Mr. Putnam graduated from the University of Florida with a Bachelor’s Degree in Marketing. He has held various positions in the golf and hospitality industry since 2000, including time at Innisbrook Golf Resort, Hilton, Starwood and Provident Management.

Mr. Putnam also holds an active CAM license and was the Assistant General Manager of Sunset Vistas in Treasure Island, Florida before joining Marcus and Millichap. He served as an active real estate agent during that time as well. His experience in the golf and hospitality operations arena has served him well in his time with the group.


 

Terence Vanek
Investment Advisor

Mr. Vanek joined the National Golf Division of LIPG in 2010 after receiving his Master of Business Administration from the University of Florida’s Hough Graduate School of Business. Since that time, LIPG has listed, sold and underwritten in excess of $500,000 of golf, resort and master planned communiy properties in over 30 different states.

Now focusing exclusively on investment sales, Mr. Vanek has been active in real estate financial management and investment services since earning his Bachelor of Science degree in Economics from Duke University in 2004. He has an extensive background in financial analysis, brokerage, acquisitions, research, operations, accounting & business development. This expertise and experience together helps provide unparalleled market knowledge to our clients.


 

Raymond E. Demby, III
Investment Advisor
Head of Research & Analysis

Mr. Demby joined the team in early 2012 after relocating from Cleveland, OH where he attended Case Western Reserve University’s Weatherhead School of Management. Since joining LIPG, Mr. Demby has personally underwritten over $700 million worth of golf and resort assets.  After coming in as a Financial Analyst & Marketing Coordinator in 2012, Mr. Demby was promoted to Senior Financial Analyst in 2013 and also took on the role of Investment Advisor beginning in 2014. During this time, Mr. Demby has contributed to the ongoing evolution of the team’s semi-annual Golf & Resort Investment Report and personally directed the introduction of the Golf Division’s inaugural Golf Investor Sentiment Survey, resulting in him being named the Head of Research & Analysis for the group.

Mr. Demby has been heavily involved in the team’s research initiatives since joining the group.  This data has been quoted or referenced in a number of high profile publications, including  Bloomberg, Forbes, The National Golf Foundation (NGF) and more.  In addition to his duties as the Head of Research & Analysis, Mr. Demby will continue to represent buyers and sellers as an Investment Advisor.   In 2014, the Tampa Bay Business Journal recognized Mr. Demby as Top 30 Under 30 in Tampa Bay.


 

Robert Waldron
Investment Advisor

Mr. Waldron joined LIPG of Marcus and Millichap Real Estate Investment Services in 2013 as an Investment Advisor. His primary markets are the Mid-Atlantic, Northeast and Florida.

Mr. Waldron is a Golf & Hospitality Industry veteran with more than 25 years of experience. Rob has held management positions with well-respected firms such as Marriott Corporation, Fore Golf, Legg Mason Real Estate Services and Billy Casper Golf. His extensive golf background in finance, operations, marketing, acquisitions, brokerage, debt placement, business development and consulting provide a unique perspective to underwriting and the sale of golf course assets. He managed the acquisition of six golf course properties, brokered the sale of more than $30 million of golf course assets, underwritten the financing of more than $100 million of golf course transactions and has been directly involved with more than 150 golf courses in an advisory capacity.

Mr. Waldron is a published author of numerous articles for golf trade publications and has been a featured speaker for more than 15 years at golf industry events. He has served on the Board of Directors of the Virginia Chapter of the National Golf Course Owners Association and the Washington Metropolitan Golf Association. Rob volunteered as a Rules Official for USGA, MSGA, MAGA and WMGA golf tournaments and is a member of the Golf Digest “100 Greatest Courses in America” Panel. Mr. Waldron holds a BS in Finance from Penn State University.


 

Justin Leith
Financial Analyst

Mr. Leith became a part of the group in 2012 after graduating from the Sykes College of Business at the University of Tampa. While attending the University of Tampa he was a member of the nationally ranked Spartan baseball team and worked as an intern with the LIPG. He was involved with the development of strategic coding and new client clarifications, strategic research projects, marketing support, asset valuation, and underwriting. Mr. Leith graduated in 2012 with a B.S. in Finance and in December 2013 he received his Master of Business Administration. Upon completion of his M.B.A. Mr. Leith returned to the LIPG in a full time capacity serving as both the Financial Analyst and the Marketing Coordinator for the group. While with the team, Mr. Leith has personally underwritten more than $400,000,000 of golf and resort assets.


Kelly M. Conlon
Business Operations Manager
Executive Assistant to Steven Ekovich

Ms.Conlon joined the LIPG in 2013 and brings more than 25 years’ experience in business management, marketing management, statistical management and entrepreneurship. Her background includes managing a million dollar marketing budget resulting in 500% – 600% ROI for 5 consecutive years. Ms. Conlon’s management planning includes a strong emphasis on strategic planning, business analysis, key performance indicators, process improvement, brand recognition and in-depth sales training and support. She has been published in multiple national trade magazines, as well as The NCT of London, England and The Tampa Tribune. Ms. Conlon continues to write speeches on a consultant basis for various Tampa CEOs and Presidents of large corporations and firms, as well as for local political officials. Ms. Conlon has held many committee and board positions for non-profit institutions including Susan G. Komen Foundation, Hillsborough Education Foundation and Habitat for Humanity of Hillsborough. Raised in New York City, Ms. Conlon received her formal education from NYC’s Rhodes Preparatory and attended UCLA prior to moving abroad.Ms. Conlon’s primary focus includes business operation management and administration, as well as public relations, marketing and transaction management.



 

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