Background
When investors ask what separates Fourth Wall Capital from other real estate syndicators, one honest answer is: Theresa Leatherbury.
Theresa is the President and CEO of Rachuba Management, a family-owned and operated real estate company with deep roots in the Baltimore area and a track record built over decades. Rachuba Management holds the Accredited Management Organization (AMO®) designation from the Institute of Real Estate Management (IREM) — one of only a select number of property management firms in the country to earn this designation, which reflects the highest standards for fiscal stability, exceptional management practices, and ethical conduct.
Theresa herself holds the Certified Property Manager (CPM®) designation — the most respected credential in professional property management — and has served as President of both the Maryland Chapter of IREM and the Maryland Multi-Housing Association. Her leadership roles in these organizations reflect not just professional achievement but deep industry relationships and a reputation built on consistent performance.
For Fourth Wall Capital investors, what Theresa’s background means concretely is this: the properties we acquire are not managed by a third-party firm we hired through a search process. They are managed by an operator who is also a partner — with her own capital invested in the same deals you’re investing in, and with a professional reputation on the line in every property we operate.
Theresa graduated from Notre Dame Prep and earned a BS in Actuarial Science from Lebanon Valley College — a background that, combined with Dan Plasterer’s professional actuarial career, gives Fourth Wall Capital an unusual depth of quantitative and risk-analytical thinking across its leadership team.
Her community involvement includes Leadership Baltimore County (Board Member and Past President), the Alzheimer’s Association, and several Baltimore-area educational institutions.
Credentials & Designations
- Certified Property Manager (CPM®) — Institute of Real Estate Management (IREM)
- Accredited Management Organization (AMO®) — held by Rachuba Management
- Past President, Maryland Chapter of IREM Past President, Maryland Multi-Housing Association


