Watch Hill Capital

Watch Hill Capital is a family office based in Santa Monica, California, managing over $1 billion in assets across various industries and asset classes. The firm has significant experience in the ownership, development, and management of diversified healthcare assets, including behavioral hospitals, medical office buildings, senior housing, and skilled nursing facilities. They also invest in REITs and other private investments. Additionally, Watch Hill Capital manages a substantial public equity portfolio with a concentrated investment strategy.

Watch Hill Capital was established in 2015 and operates as the family office of Steven D. Lebowitz, who serves as its CEO. Mr. Lebowitz has a long history in real estate and investments, co-founding G&L Realty, a healthcare REIT, in 1976. His son, David Lebowitz, joined the firm as Executive Vice-President in 2016 and became a Partner in 2020, playing a key role in the development and acquisition of behavioral health assets.

The firm's portfolio includes ownership and management of nine free-standing acute care behavioral hospitals across the United States, developed through a joint venture with Signature Healthcare, formed in 2008. They also own and operate multiple senior housing and skilled nursing facilities in partnership with ASL Properties. Beyond these direct operational investments, Watch Hill Capital invests in various managed funds and real estate.

The leadership team brings extensive experience in real estate, healthcare, and investment management. Steven D. Lebowitz, the CEO, has been active in real estate development, management, and ownership since 1968, with a background as President, Co-Chairman, and co-founder of G&L Realty, a NYSE-listed Healthcare REIT. David Lebowitz, Executive Vice-President and Partner, has led development and acquisition efforts for numerous behavioral health facilities and has experience in medical office building management.