Kelly Price is the President and Co-Founder of MainStreet Property Group LLC and leads the operations and strategy of the company. Mr. Price is a seasoned real estate executive with over twenty years of experience in the Seattle and Eastside marketplace and has completed billions of dollars in financial and real estate transactions.
MainStreet’s recent projects include Slater 116, a 108-unit mixed-use community in Kirkland, WA (www.liveatslater116.com), The 104, a 115-unit community in Bothell, WA (www.liveatthe104.com), Six Oaks (www.liveatsixoaks.com), a 203-unit mixed-use community, also in Bothell and The Spencer 68 Apartments and Lofts, a 138-unit apartment community located in Kenmore, WA (www.liveatspencer68.com). Current “on the boards” projects include The Carter, a 180-unit community located in Redmond, WA as well as several other mixed-use projects. The company continues to pursue other opportunities across the Puget Sound region.
In addition to MainStreet, Mr. Price is the Managing Partner of Insite Property Solutions (www.insitepropertysolutions.com), a boutique property management and investment firm located in Bothell, Washington and the President of GenCap Construction Corp., a commercial general contractor and the current General Contractor for MainStreet’s newest project, The Spencer 68.
From 2001-2011, Mr. Price served as CFO and strategic executive of CamWest Development LLC while the company became one of the largest residential developers and homebuilders in the Puget Sound region. In November 2011, Mr. Price facilitated the sale of CamWest to Toll Brothers, Inc., a privately traded homebuilder (NYSE:TOL), and still serves as the SVP of Toll’s Seattle operations. During his tenure at CamWest, he executed more than $500 million in debt equity financing. Under his leadership, CamWest successfully implemented “Lean Manufacturing” concepts across all aspects of the company and lean improvement efforts realizing more than $10 million in cost savings while reducing cycle times and standardizing operational activities company-wide.
Prior to CamWest, from 1996-2001, Mr. Price was an initial employee and Chief Financial Officer of Emeritus Corporation (NYSE:ESC). Mr. Price joined Emeritus early on in its growth and successfully facilitated more than $2 billion of financial transactions, including debt (convertible, senior, subordinated) and equity (venture capital, preferred stock), and led Emeritus’ successful $100 million Initial Public Stock Offering (IPO) in 1996. Upon his departure, Emeritus was one of the largest assisted living developers and operators in the United States with more than 6,000 employees and operations in 37 states and Japan and continues to be a leader in the industry today. From 1991-1996, Mr. Price worked for Deloitte Touche in the accounting and consulting groups and earned his CPA.
Throughout his career, Mr. Price has held a number of Board of Director positions including the Master Builders Association, Village Theater, University of Washington Bookstore and has served as a speaker and panelist on a variety of real estate and Finance topics. He is a current member of the Urban Land Institute, the Association for Corporate Growth, the 101 Club where he is a board member and the Rapha Cycle Club. Mr. Price graduated from the University of Washington Foster School of Business and lives in the Seattle area with his wife and 2 daughters and is an avid Husky fan, cyclist, golfer, hiker and cross country skier. He is also a passionate supporter of the Ben Towne Foundation, Seattle Children’s Hospital, Sammamish Presbyterian Church, Issaquah Schools Foundation and in 2010-2011 lived in Paris, France with his family.