Loren Balsam brings over 25 years of experience in the commercial real estate industry. He is a member of hotelAVE’s executive committee, and works with hotelAVE’s founder, Michelle Russo, to determine the strategic direction and endeavors of the company.
Loren spearheads many initiatives at hotelAVE, including sourcing acquisitions, expanding the firm’s capital relationships, and expanding the asset management and advisory business lines. In addition to these responsibilities, he oversees the firm’s advisory practice, takes an active role in executing consulting engagements, developing his associates, and directs the publication of the hotelAVE Hospitality Dashboard, published quarterly.
Before joining hotelAVE, Loren 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, Loren was a Senior Investment Officer in the real estate group at Fidelity Investments, providing joint venture equity financing to acquire and develop over $1.25 billion of commercial property across all sectors. Before joining Fidelity, he consulted in the Kenneth Leventhal and Company of Ernst & Young 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, Loren 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.
“From the entry level employee to the senior leadership at hotelAVE, every employee has an opportunity to roll up their sleeves and create value for our Clients. Clients really appreciate the dedication and focus of our team and the integrity of our work in driving value improvement for their hotel real estate.”
Affiliations and Certifications
Chartered Financial Analyst (CFA)
Cornell Hotel Society (CHS): Member
Has worked at hotelAVE since
Interests and Hobbies
Loren enjoys skiing, golf and tennis, he is also a 18-year rider and Heavy Hitter fundraiser for Pan Mass Challenge