David Lee, President, T Rowe Price Equity Fund, Speaker At Annual Allan L. Berman Lecture

Main navigation Johns Hopkins Legacy Online packages Faculty Directory Experiential studying Career sources Alumni mentoring program Util Nav CTA CTA Breadcrumb David Lee, President, T. Rowe Price Equity Fund, Speaker at Annual Allan L. Berman Lecture “Find something that you just actually like … the old idiom, discover a job that you love and also you’ll by no means work a day in your life.” This was profession advice offered by speaker David Lee, CFA, portfolio supervisor within the Equity Division of T. Rowe Price, and president, T. Rowe Price Real Estate Fund, at the Johns Hopkins Carey Business School’s annual Allan L. Berman Lecture, held May 2, 2018. Lee, who additionally serves on the varsity’s Real Estate Advisory Board, started his career as an engineer at IBM, however soon discovered himself drawn to business, creating a “ardour” for investing and the workings of the real estate industry. David Lee, CFA, is portfolio supervisor within the Equity Division of T. Rowe Price, and president, T. Rowe Price Real Estate Fund. Lee was the featured speaker on the Johns Hopkins Carey Business School’s annual Allan L. Berman Lecture, held May 2, 2018. I love the tangible nature of actual property, and love the peo ple and characters,” said Lee. “A lot of what I do is investing with folks. I think we’re worth creators. Nobody leaves this business as a result of it’s so much enjoyable. “Relationships are extremely important in real estate,” he added. “I love how collegial it's.” Even when opponents convene at conferences and different industry events, Lee famous, people are cordial and collaborative. “It’s reflective of the trade as very pleasant.” Lee began running T. Rowe Price’s Real Estate Fund upon its inception in October 1997, making him one of the longest-tenured actual property fund managers in the industry. During that time, the fund has grown from two million dollars to seven billion dollars in property, attaining the very best qualitative score from Morningstar Inc. In 2008, Lee launched the firm’s first global actual estate fund, which he subsequently managed for six years. Asked about the way forward for the trade, Lee commented, “Real property is still an exquisite asset class. It’s nonetheless about location, location, location … The fundamental tenets of success are still there, which is investing in good property run by good teams that have good stability sheets. Lee cited his earlier experience in engineering, gross sales, and funding banking in constructing solid career experience and options as he eventually gravitated toward real estate. When assessing expertise within the business, he's cautious of these with a “failure of imagination.” Experience in investing includes taking “hard knocks,” he observed. “Take chances” in your profession, Lee advised, “but take calculated probabilities.” Allan L. Berman was a Baltimore-based mostly real property entrepreneur and diamond service provider, possessing a keen interest in real estate along with an intuitive expertise for recognizing improvement opportunities. After his dying, the Berman family’s gift to Johns Hopkins in his reminiscence allowed for the cre ation of the Jean R. and Allan L. Berman Auditorium as well as the Allan L. Berman Institute for Real Estate Development. The institute has acted as a catalyst for research initiatives, conferences, visiting speakers, and new and expanded applications in actual estate, together with the Johns Hopkins grasp of science in actual estate diploma. The annual Allan L. Berman lecture honors the Berman household for his or her generosity and dedication to larger schooling and devotion to group. Posted 100 International Drive