Professional Profile: Peter Karoff - 1983

Name: Peter Karoff - 1983

Title: President, Treasure and Director

Company: The March Company

Location: Boston, MA

Birthplace: Boston, MA

Peter Karoff is president, treasure and director of The March Company, Boston, an investment firm specializing in real estate, oil and gas financing which was founded in 1970. Its principals business is organizing and serving private placement limited partnerships in real estate. Now living in West Newton, Peter was born in Boston in 1937 and graduated from Brandeis University in 1959. For 16 years prior to joining March 1975 he was affiliated with the National Life Insurance Co. of Vermont. He became chief executive officer of March 1979. March has been a sponsor of real estate syndications with several national brokerage/firms as well as numerous regional broker/dealers. Since 1970, the company has raised in excess of $150 million in equity for over 200 real estate projects. The company operates nationally and has completed transactions in 36 states and Puerto Rico. March also participates in forming partnership for government financed housing and has assisted in the construction of over 25,000 subsidized residential dwelling units. These projects offer reasonable rents to elderly and low and moderate income tenants. In addition to being a major participant in these government programs, the firm provides equity financing for conventional apartment, complexes, hotels, commercial properties and industrial buildings. Since 1978 March bas raised equity privately for oil and gas drilling programs for investors. Subsidiaries of the March Company include March Securities Corporation and March Investor Services, Inc. March Securities is a registered broker/dealer which acts as managing broker for each offering. March Investor Services, has close contact with investors whenever a property is refinanced or sold and monitors the operations of all the firm’s projects, providing regular reports to more than 4,000 limited partner. The company also has a division which assists corporation in the development of executive benefit programs. Peter has been involved in various human services organizations for many years and is a put president of the Mus. Association of Mental Health and a member of the Governor’s Task Force on Reorganization of State Government. Married and the father of three daughters who have graduated college and a son who is in his senior year, Peter owns a 30 foot wooden sloop and likes to sail in Buzzards Bay. The March Company is made up of four partners. Peter O’Connor is executive vice president and director and was associated with Hayden Stone, the predecessor of Shearson/ American Express. He holds an MBA from the Harvard Univ. Graduate School of Business. Jay Montgomery bas responsibility for the marketing of the firm’s investment programs and heads two of the company’s subsidiaries. He is a graduate of Dartmouth College. Jerome Heller. executive vice president and director, is the general counsel. He had been with the Boston law firm of Burns & Levinson, is a graduate of the Univ. of Vermont and holds an LLB degree from Cornell Univ. Law School.