Donald Price

Senior Vice President
Office #: 630-560-2910
DPrice [at] LMTEAM.COM


Biography:

Don is Senior Vice President of Asset Management and Development Services and is responsible for the management, oversight and strategic planning for LM’s property investment portfolio and asset management divisions. Don has over 30 years of direct commercial real estate experience in the areas of asset and property management, construction management and development, and portfolio partnership development. His primary responsibilities at LM include the management of the asset and portfolio management functions, investment property acquisitions and brokerage, and development assignments involving private company interests and third party clients.

Additionally, Don was named President of LM’s new Homes Division, launched in January of 2015. He is responsible for overseeing the financing, development, construction, and sale and of residential homes.


Career History:

Prior to joining LM, Don spent 10 years in the development of for-sale custom single family and multi-family residential and mixed use properties in Chicago and New York, completing in excess of $150M during that time. Before entering into the development arena, he spent 14 years with Balcor/American Express, a multi-billion dollar national real estate company. At Balcor, Don worked in a variety of areas within the company and was involved in partnership and portfolio management services, acquisitions, asset management, loan workout and restructuring, property and construction management and tax restructuring.

Together with his experience at Balcor, Don has provided partnership and portfolio management services for a $1.9 billion portfolio which included $950 million of loans and $550 million of equity positions spread over 130 investments across a variety of asset classes including multi-family, residential, industrial and commercial.


Education:

  • MBA, Finance and Real Estate, DePaul University.  Chicago, Illinois
  • B.S., Finance and Economics, Illinois State University.  Normal, Illinois


Affiliations:

Licensed Illinois Real Estate broker