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.
Michael L. Price – Principal
With over 35 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 four of these properties valuing $23 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 20 properties valued at over $100 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 resides in Wayland. He and his wife Wendy have three children; Jenny (Lehigh University, 2011), Ben (Union College, 2013), and Nina (University of Delaware, 2017). 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.