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In November of 1988, he retired as a general partner and became a
limited partner with Goldman Sachs.
In his position with Prudential, Ballard met and was in
contact with attorneys, developers, businessmen, and contractors
involved in or affected by Prudential's real estate activities.
D. Lisle
Lisle graduated from the University of Missouri with a B.S.
degree in public administration. He attended law school at the
University of Missouri, graduate schools of management and
business at Columbia University, and the graduate school of
management at Princeton University.
Like Ballard, Lisle was employed by Prudential. Lisle
worked for Prudential in real estate development and in mortgage
financing from September 1950 to April 1982. Lisle headed the
division responsible for lending money and buying and building
real estate for Prudential. He had authority to commit any loan
up to $20 million and to award construction contracts. The
development aspect of his work was conducted through a subsidiary
corporation of Prudential known as PIC Realty Corp. (PIC
Realty).7 Lisle was president of PIC Realty.
7
Prudential conducted its real estate equity and joint
venture operations in the name of PIC Realty in those States that
prohibited insurance corporations from directly engaging in real
estate development.
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