Hotel Ave

Loren Balsam, Executive Vice President, has over 20 years experience in commercial real estate industry spanning the disciplines of real estate acquisition, due diligence, asset management, valuation, distressed loan pricing, and financial audits.  At hotelAVE, Mr. Balsam is responsible for sourcing acquisitions, expanding the firm’s capital relationships, and growing out the asset management and property management business lines.

Before joining hotelAVE, Mr. Balsam was a Managing Director at PRP Real Estate Investment LLC, where he was charged with sourcing and closing the firm’s US opportunity fund investments.  In addition, he served on the firm’s investment committee and was integrally involved with the creation of the firm's other investment initiatives.

Prior to joining PRP LLC in 2008, Mr. Balsam was a Senior Investment Officer in the real estate group at Fidelity Investments. In that role, he was responsible for the sourcing, underwriting, closing, and management of private real estate investments. Before joining Fidelity in 1997, Mr. Balsam worked in the Kenneth Leventhal and Company of Ernst & Young where he consulted on a variety of valuation assignments including appraisals, loan portfolio pricings, underwriting analyses, and lease structuring. Prior to Ernst & Young Kenneth Leventhal, Mr. Balsam was a Senior Associate at Coopers & Lybrand (now PwC) where he performed audits and reviews on the venture capital and real estate industries.

Mr. Balsam earned a B.S. from the Cornell University School of Hotel Administration and an M.B.A. from Cornell University’s Johnson School. He is a CFA Charterholder.