Legacy Real Estate Ventures’ primary focus is the acquisition and value enhancement of commercial real estate, with a goal of increasing the wealth of our equity investors through cash flow and appreciation. As implied by the name Legacy, it is the company’s intention to build long-term value that can be passed on to future generations.
Investment Criteria: Legacy Real Estate Ventures invests in office, medical, industrial, and flex properties throughout Massachusetts, Rhode Island, New Jersey, and Pennsylvania. We are actively seeking middle-market acquisition opportunities (ranging from $1.0-$15.0 million). We target opportunistic and value-add investments as well as fully stabilized properties in primary and secondary markets.
With over 38 years of hands on experience in the Boston real estate market, Michael L. Price is now directing Legacy Real Estate Ventures, LLC, allowing him to focus strictly on acquisitions. Price’s real estate experience began in 1981 as a Property Manager for Codman Company, where he managed their portfolio of Back Bay office properties. In 1986 he joined National Development as a Development Project Manager and Director of their property management group. Price gained valuable experience in the development arena and built a property management portfolio of three million square feet over the ten years he was with National. However, Price’s long-term goals involved owning and operating his own company. In 1995, in partnership with Mark and Richard Connaughton he founded Eastport Real Estate Services, Inc. Eastport started out as a management services company but expanded into the acquisition forum. Over a ten year period, Eastport acquired eighteen properties exceeding $60 million in value. Currently, Eastport owns two of these properties valuing $6 million and manages approximately 3 million square feet of commercial space. Price continues to play a management role at Eastport, but Legacy is his own enterprise, and allows him to focus the majority of his efforts on acquisitions. Since its founding in January, 2008, Legacy has purchased 24 properties valued at over $125 million.
A 1977 graduate of the Roxbury Latin School and 1981 graduate of Middlebury College (B.A. in Economics) Price is a Certified Property Manager, licensed Real Estate Broker in the Commonwealth of Massachusetts, and a Notary Public. Price is a five time PanMass Rider, a former Board of Director of the BoSox Club, and a former member of the Roxbury Latin Alumni Council and Real Estate Round Table. He has guest lectured on real estate topics at Lehigh University, Babson College and Brandeis University and is a member of the faculty of Boston University’s Metropolitan College where he teaches a Real Estate Market Analysis course. Price also sits on the Board of Advisors of City North Development, a privately held real estate investment company.
Jen joined Legacy Real Estate Ventures in the Fall of 2019; a “dream job” which she has worked towards since childhood.
As a Principal, Jen’s primary responsibilities are Acquisitions and Asset Management. Since joining the company, Legacy has acquired over $40 million worth of real estate, bringing the portfolio to over $125 million in aggregate value. With a focused approach and institutional background, Jen brings new energy and creativity to Legacy, which is increasing its risk tolerance to include vacant office repositioning and expanding the footprint into tertiary markets.
Jen began her real estate career at AEW Capital Management where she analyzed and forecasted property valuations and financial performance relating to the management of $244 million worth of Core and Value-Add multifamily product. With the long-term goal of developing local expertise and relationships, she transitioned into the brokerage side of the business. As an Assistant Vice President of Investment Sales at Boston Realty Advisors and Colliers International, Jen spent five years with a team focused on maximizing value for clients through the disposition of over $500 million of multifamily and mixed-use property in the Massachusetts market.
In 2017 Jen pivoted towards a role in ground-up development, joining Trammell Crow Residential as they entered the Boston market. In this capacity, she was accountable for acquisitions and project management, helping to develop over 1,200 multifamily units.
A graduate of Lehigh University with a focus on Management and Real Estate Studies, Jen has worked from a young age to join the family business. A licensed Salesperson in the Commonwealth of Massachusetts, she is involved with professional associations including REFA & NAIOP. Jen is actively involved in CJP as the Chair of the Young Leaders Giving Society and is involved in the CJP Women’s Leadership Initiative. She lives in the North End of Boston with her husband, Mike, a Software Engineer at HqO, and their Poodle, Daisy.