Michael Pralle is President and CEO of GE Commercial Finance Real Estate. Prior to this, he served as President of GE Equity.
Pralle previously was President, GE Capital Asia Pacific, where he supervised GE Capital's activities in 15 countries across North and Southeast Asia. He has also served GE Capital as Vice President and General Manager of Distribution Financial Services. Pralle joined GE Capital in August 1989 as Vice President, Business Development on the corporate headquarters staff responsible for M&A activities for half of GE Capital businesses.
Prior to joining GE, Pralle spent six years with management consultants, McKinsey and Co., in their London and Hong Kong offices.
Michael Pralle graduated magna cum laude from Harvard University with a B.A. in Economics, and received an M.B.A. from the Stanford Graduate School of Business.
But what happened that really took out a lot of the supply was a phenomenon called condo conversion. And this has been one of the most important trends in real estate in the last two or three years. People began to buy these rental units. Some of them half empty or two-thirds empty and convert th...(Full transcript available to logged in subscribers.).
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