Loren Balsam

Executive Vice President   

lbalsam@hotelAVE.com

Loren Balsam, Executive Vice President, has over 25 years of experience in the 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 expanding the asset management and advisory business lines. In addition to assisting the founder in strategic direction and initiatives for the company, Mr. Balsam oversees the firm’s advisory practice, recruits, hires and develops new employees and interns, and oversees company publications and PR efforts, including the quarterly hotelAVE Dashboard publication. Mr. Balsam is a member of hotelAVE’s executive committee.

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 office, multifamily and industrial properties. In addition, he served on the firm’s investment committee and was integrally involved with the creation of the firm's other investment initiatives, including the launch of a GSA leased property fund. 

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 provided joint venture equity financing to acquire and develop over $1.25 billion of commercial property across all sectors including office, multifamily, condominiums, hospitality, student housing, retail, industrial and land. Before joining Fidelity in 1997, Mr. Balsam worked in the Kenneth Leventhal and Company of Ernst & Young where he consulted on a variety of commercial real estate assignments, including distressed and nonperforming loan portfolio pricings, appraisals, 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, mutual fund, hospitality 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 and formerly a Certified Public Accountant (expired license).

Professional Experience

  • PRP LLC
    Managing Director
  • Fidelity Investments - Real Estate Group (now Long Wharf Real Estate Partners)
    Senior Investment Office
  • Kenneth Leventhal and Company (now Ernst & Young)
    Manager
  • Coopers & Lybrand (now PwC)
    Senior Associate


Designations, Affiliations and Awards

  • Chartered Financial Analyst (CFA)
  • Cornell Hotel Society (CHS): Member

 
Education

  • Master of Business Administration – Johnson Graduate School of Management, Cornell University
  • Bachelor of Science - School of Hotel Administration, Cornell University

 
Speaking Engagements

  • Adjunct Faculty: Real Estate Private Equity Course - Georgetown University, MPS program in Real Estate (Fall, 2010)
  • Visiting Lecturer: Real Estate Finance and Investments in Real Estate Securities and Funds courses - School of Hotel Administration, Cornell University