E. James Keledjian Biography

E. James Keledjian
REIA Chairman of the Board
Principal, Pathway To Living, LLC





Mr. Keledjian formed the privately held development firm, Associated Ventures LLC, which was involved with the development and management of affordable senior housing. In the late 1990’s, the principals of Associated Ventures and Quality Care Nursing Home formed Pathway Senior Living, LLC. Pathway acquires, develops and manages senior housing including senior apartments, independent living and assisted living. The company has been a leader in developing assisted living under the Illinois Supportive Housing Program, which utilizes Medicaid waivers for low income residents. Mr. Keledjian’s experience includes project origination, development and structuring, finance, tax-exempt bond structuring, placement and property asset management. He currently leads the acquisitions program for Pathway.

Mr. Keledjian began his real estate career as an Acquisitions Director with Multi-Vest, Inc., in Southfield, Michigan and was later appointed Regional Vice President of the Robert A. McNeil Corporation responsible for the Chicago office. As Regional Vice President, he was responsible for purchasing income properties throughout the Midwest. Later, he also served as Executive Vice President of Van Kampen, Morris & Stone (VMS) and was responsible for supervising the acquisition program for the entire United States.

Mr. Keledjian has served in the capacity of financial advisor and joint venture partner to charities, foundations and non-profit housing corporations interested in and the acquisition and development of low to moderate income housing. He is active with the Tax Credit Subcommittee of the National Association of Home Builders and is a Director of the Illinois Housing Council, the Michigan Housing Council, and the Illinois Affordable Assisted Living Coalition. Mr. Keledjian also serves on the Illinois Governor’s Housing Task Force on property tax issues affecting affordable housing. In addition he is a member of the Urban Development Fund, a new market tax credit entity that has received over $133,000,000 in credits from the US Treasury Department and is head of their Investment Committee and a member of the Advisory Board. Recently, Mr. Keledjian was appointed to the Wisconsin Tax Credit Allocation Committee as a Developer Representative. Mr. Keledjian received his Master’s Degree in Urban Planning from Wayne State University and an undergraduate degree in History and Geography from Eastern Michigan University.