Meet Ben Price, Regents Bank VP and One of Our Resident Real Estate Gurus
If you frequent our downtown San Diego office, you’ve likely met our Vice President, Ben Price. Some also know him as an active member of the San Diego/Tijuana District Council of Urban Land Institute (ULI) and a member of that organization’s membership and infill subdivision committees. Focused on land use and urban planning, ULI educates and advises on building environmentally-responsible communities in a way that maximizes the highest and best use of land while integrating transportation systems, community priorities and social justice. These elements and others promote successful projects that stand the test of time. And that’s just up Ben’s alley.
As a former appraiser – he’s appraised just about every kind of property – Ben’s background and education has been valuable to ULI as well as to many of his clients whose companies’ assets and/or work includes real estate. He’s also particularly knowledgeable about the unique real estate concerns of port tenants.
Banking port tenants
Through his work as a banker, Ben has carved out a unique niche serving port tenants, including sport fishing companies, boat yards, military and yacht shipyards, marinas and more. Since ports are usually controlled by a public entity – the Port of San Diego, for example – port tenants operate on ground leases. They are also subject to environmental regulations unique to waterfront properties. Ben understands the special circumstances under which these tenants operate and can leverage the knowledge base and resources at Regents Bank to provide the flexibility these tenants often need.
Many businesses would need to seek out multiple financial institutions to find a source for financing marine equipment, a commercial boat, a business line of credit and a building, but Regents Bank’s community focus lets Ben find creative and customized ways to accommodate different types of requirements, partly because he has taken the time to gain an in-depth understanding of his clients’ businesses, and he very much understands the area in which they operate.
Complex real estate portfolios
Ben says that while he enjoys learning about all kinds of businesses – both port and others, getting to know real estate properties and their owners is one of his favorite parts of his job. He especially enjoys working with high net worth property owners, because their financial lives often involve many moving parts that require careful coordination and nimble services. Their needs change daily, and they require advisors fluent in all things real estate and finance. With a professional background in property appraisal, construction financing and banking, Ben feels comfortable in this role. Previously, he even served on the team that master-developed Carmel Mountain Ranch, Rancho San Diego by Jamul and Rancho Del Rey.
His drive to help people succeed reaches into Ben’s charitable activity as well. After searching for a way to make a tangible difference in is community, Ben was introduced to Friends of Downtown San Diego. After attending just one of their meetings, he knew he had found the right fit. The primary objective of Friends of Downtown San Diego is to grant scholarships to deserving students from San Diego City College who demonstrate not only economic need but also academic achievement and determination. Ben serves on the Friends of Downtown San Diego committee that interviews students seeking financial assistance. The money granted from Friends of Downtown San Diego goes toward educational expenses, but Ben says that most of the students they interview tell their committee that they would use their grants to pay for books, bus fare and even food and shelter while at school.
“These aren’t spoon-fed kids,” says Ben, who came from what he describes as a working family. “They’re working hard to make a difference in their lives, and the help we provide can be pivotal. Some even live at shelters while they attend school.”
Friends of Downtown San Diego has awarded more than $300,000 in scholarships to these students. They also collect non-perishable food, blankets, books, socks and toiletries to fill 100 large holiday gift bags for home-bound seniors with limited incomes. Members of Friends of Downtown organize monthly meetings at different downtown restaurants and invite prominent community leaders to speak. Some notable speakers have included NBC 7’s Rory Devine and San Diego City Council member Todd Gloria, as well as representatives from the U.S. Border Patrol, Civic San Diego, the San Diego County Regional Airport Authority and many more. Regents Bank maintains an office downtown and has supported Ben’s involvement with Friends of Downtown San Diego, also becoming a corporate sponsor of the program.
Community has been at the center of Ben’s philanthropy and his career. Community banking, Ben says, is the right fit for him. He enjoys the leeway he has to spend time with his clients to figure out what they want to accomplish, as well as different ways to do it, and to connect them with the right people and resources. Luckily for us, Ben has now been with Regents Bank for more than eight years!
In his free time, Ben enjoys golfing and exercising. He also loves to spend time with his family, which includes one son in high school and another at San Diego State University. We hope you have the chance to meet Ben if you haven’t already.
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Posted on August 9, 2015, in Meet Your Banker and tagged Ben Price, finance fishing boat, finance marine equipment, port business, port tenants, san diego bank, San Diego Business Bank, uli infill subdivision committee. Bookmark the permalink. Leave a comment.