Mr. Elowe founded The Laramar Group in 2001 after co-founding Elkor Realty Corp. and Elkor Properties in 1989. As CEO of The Laramar Group, Mr. Elowe oversees an institutional real estate portfolio valued in excess of $2.5 Billion; Mr. Elowe is a principal in the Laramar Multi-Family Value Fund (a discretionary commingled real estate investment vehicle specializing in multi-family investments throughout the U.S.); a principal in the L-A/Laramar Urban Neighborhood Fund (a specialty Fund which invests in urban neighborhood MF and mixed-use properties in eight major U.S. markets); a managing partner in the Lakeside Workforce Housing Series of Funds (an affordable housing fund series which invests in former LIHTC MF housing throughout the U.S.); a managing partner in the Laramar/LMI joint venture (a JV with a major insurance company which invests in larger MF and mixed-use assets throughout the U.S.);a founding partner in Nine Four Ventures (a Real-Estate Technology Venture Capital Fund); and is a founder and partner in Covington Realty Partners (a developer of MF and mixed-use properties in the Mountain region, Midwest and East Coast of the U.S.).
Laramar is a nationally recognized investment and property management firm that has been ranked in the top 50 largest firms in the U.S. by the National Multi-Housing Council and was recently named as one of the ‘Best Places to Work’ by MultiFamily Executive. Mr. Elowe is chairman of the investment committee and is responsible for the company’s overall strategic planning, investments, asset management and investor relations. Mr. Elowe has built a successful 30-year real estate investment track record having sponsored and participated in transactions totaling in excess of $6 Billion.
Mr. Elowe is the recipient of the 2013 Ernst & Young Entrepreneur of the Year Award (Mountain Desert region). In addition, Mr. Elowe is on the board of directors of the National Multi-Housing Council (NMHC), is on the board of directors of Stay Alfred (the 2nd largest short-term stay company in the U.S.), is a member of the Urban Land Institute (ULI) and is a member of the Young Presidents Organization (YPO). He is the former chairman of the board for the North Lawndale College Prep Charter Schools and a former board member of Chicago Jewish High School. Mr. Elowe has a B.S. degree from the University of Illinois and an M.D. degree from Northwestern University.