Berwyn’s LCOR has found its new CEO in a Lehman Brothers veteran. The real estate investment and development company has named Anthony J. Barsanti to the position, writes Natalie Kostelni for Philadelphia Business Journal.

Barsanti was the Managing Director of Real Estate at Lehman Brothers Holdings for nearly two decades where his responsibilities included overseeing the restructuring of the company’s assets post-bankruptcy.

As part of a deal that was valued at over $800 million four years ago, the California State Teachers’ Retirement System purchased a majority interest in LCOR together with other assets affiliated with the firm, among them real estate holdings owned by Lehman Brothers, LCOR’s investment partner of 14 years.

LCOR chairman Peter DiLullo and LCOR president Thomas O’Brien will continue in their positions and will resume expanding LCOR’s presence along the East Coast. One of the current projects is an apartment tower in Center City with a retail component which LCOR is developing with Brandywine Realty Trust.

“Tom and I have worked closely with Anthony Barsanti for years as we grew our service business and recapitalized in 2012,” said DiLullo. “His long-term relationships and experience will greatly benefit LCOR’s growth on a larger scale in the coming years.”

Read more about Barsanti at Philadelphia Business Journal here, and check out previous VISTA Today coverage of LCOR here.