March was a great month for real estate in Chicago. According to the Illinois Association of Realtors, the median sale price for homes was up 8.9 percent over where it had been one year ago in the same month. In the nine-county region in which Chicago is a part the average sale price was only up by 2.2 percent.
Reaping the benefits of this boom are three executives whose jobs are to make the most of real estate and the financial opportunities they provide: Ari Glass, Executive Vice President of Zeller Realty Group; Sean Conlon, Chairman of Connaught Real Estate Finance; and Christopher Doherty, Senior Vice President also at Connaught Real Estate Finance.
In his role as the one responsible for acquisition and recapitalization, Ari Glass has been busy. In the past several years Mr. Glass played an integral part in 11 deals with a total value of more than $6.75 billion. As Executive Vice President Mr. Glass has been tasked with locating, analyzing and recommending real estate investment opportunities for Zeller. He also engages in financing, equity sourcing and transaction structuring.
Chairman of Connaught Real Estate Finance Sean Conlon is responsible for business strategy and investor relations. After founding an Illinois based real estate brokerage firm in 2000, Mr. Conlon built it up until he had annual brokerage sales volume of more than $2 billion. In 2006 he sold a majority interest in it. In less than ten years Mr. Conlon has become a name in real estate finance across the US, participating in over $100 million worth of projects throughout the country.
Senior Vice President Christopher Doherty of Connaught Real Estate Finance is mostly responsible for creating and underwriting new capital investment opportunities. Mr. Doherty also provides advice to third party clients and is involved in managing assets in the current portfolio of Connaught.