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He worked continuously at Prudential until his retirement in
early 1982. During the course of his career at Prudential,
Ballard was assigned to several regional offices of Prudential,
including Houston and Dallas, Texas, and, beginning in 1966, in
the corporate headquarters of Prudential at Newark, New Jersey,
and then again, for a short time, at the Houston regional office.
In 1973, he was reassigned to Prudential’s Newark corporate
headquarters, where he remained until his retirement in early
1982. At the time he left Prudential, Ballard was a senior vice-
president in charge of equities and worked under an individual
named Donald Knab who was in charge of all of Prudential’s real
estate operations. After leaving Prudential, Ballard became a
general partner with Goldman Sachs, a brokerage and/or an
investment firm in New York City. Later, he became a limited
partner with Goldman Sachs.
Essentially, Ballard’s work with Prudential, in its real
estate equity operations, involved the purchase and sale of
existing properties, as well as the development of new
properties. It included, additionally, the management of such
properties, including the negotiation and sale of properties,
where warranted. Ballard supervised the staff of this department
at Prudential’s headquarters, as well as the real estate
department staff at Prudential’s regional offices throughout the
United States.
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