Bateman Eichler plans to sell its leasing affiliate.

As part of a strategy adopted since the Los Angeles-based securities firm’s management shake-up last June, Behr Leasing & Financial will be sold for cash to “any appropriate buyer.” Behr, with annual revenue “between $5 million and $10 million,” seeks an owner willing to make “sizable” investments in leasing, and Bateman Eichler, Hill Richards seeks cash to enhance its securities business, Behr President Raymond B. Corob said. Bateman Eichler and Behr Leasing are owned by Batehill Inc., which is a subsidiary of Kemper Corp.