Meet Our Team

Forrest D. Bailey

President and Chief Executive Officer

Forrest D. Bailey serves as President and Chief Executive Officer of Draper and Kramer, Incorporated, and its parent company, DKH, Incorporated. He has over thirty years’ experience in numerous facets of commercial and residential real estate including finance, development, asset management, management and leasing, acquisitions, dispositions, brokerage and condominium conversions. He is also responsible for all of the operations of the firm and its subsidiaries.

Forrest joined us in 1978 in project management as a construction loan administrator. In 1982, he transitioned to a property manager within our residential management department. From 1983 through 1989, he served as a mortgage banker specializing in the financing of major office, residential, retail, and industrial developments within the Midwest. From 1989 to 1995, Forrest was responsible for overseeing the asset management function of our portfolio of 7,500 residential units, and more than two million square feet of office, retail and industrial developments.

In 1995, Forrest was named chief financial officer responsible for financial reporting, corporate finance and project financing for sponsored properties. By 1998, he was named as our president and CEO. He has been a member of our board of directors since 1989.

Forrest received a bachelor’s degree and a master’s in business administration from the University of Chicago in 1980 and 1982, respectively. He is a member of the following organizations: the Housing Committee of the Metropolitan Planning Council, N.A.I.O.P, the Chicagoland Chamber of Commerce, Vistage International, and he has served on the Adler Planetarium Corporate Partners Advisory Committee, the FNMA Illinois Partnership Office Advisory Council, and the College Visiting Committee of the University of Chicago. He is a licensed real estate broker in the state of Illinois and holds a CPA designation.

Todd Bancroft

Chief Operating Officer, Senior Vice President and General Counsel

Todd Bancroft serves as chief operating officer, senior vice president and general counsel of Draper and Kramer, Incorporated, and its parent company, DKH, Incorporated. He is responsible for the optimization of our various operations in different departments. Additionally, Todd is responsible for strategy and direction of all aspects of our operational policies, objectives, initiatives, and legal matters.

Todd started his career with Equity Marketing Services, Inc. as executive vice president with a focus on condominium sales, marketing, and conversions.

Todd founded Bancroft, Richman & Goldberg (formerly Bancroft & Richman LLC) in 2010, with services focused in the areas of real estate and commercial transactions, including representation of condominium and homeowner associations, residential and commercial property acquisition and disposition, construction and permanent lending, developer representation, and representation of lenders and finance companies.

In 2012, he joined us as chief administrative officer, senior vice president, and general counsel responsible for its mortgage and cash management operations.

Todd graduated from the University of Illinois College of Commerce in 1990, and received his bachelor’s degree in accountancy. In 1993, he graduated from the University of Florida College of Law with a juris doctorate. He is a licensed real estate managing broker in the state of Illinois and a licensed real estate broker in the state of Michigan. He is also a member of the bar in both Illinois and Florida and the senior editorial board for the Florida Law Review.

William T. Barry

Senior Vice President, Commercial Mortgage Production

Bill Barry joined Draper and Kramer, Incorporated in 1989 and currently heads the Commercial Finance Group. Bill has over 30 years of experience in financing all types of commercial real estate. Prior to joining us, he was vice president of finance at Lincoln Property Company in Chicago. Bill has financed over $25 billion in real estate during his career.

Bill graduated from the University of Illinois with highest honors, receiving a Bachelor of Science in accounting. He was awarded a Bronze Tablet for graduating in the top three percent of his class. He has been and is involved in many charities including: Wood Family Foundation, All Stars Project of Chicago, Alzheimer’s Association, Link Unlimited, and March of Dimes. He is currently on the board of trustees of the Gamma Zeta chapter of the Alpha Tau Omega fraternity.

James Hayes

Chief Financial Officer and Senior Vice President

James Hayes serves as chief financial officer of Draper and Kramer, Incorporated, and its parent company, DKH, Incorporated. He is responsible for financial reporting, corporate finance and project financing for sponsored properties. James is accountable for managing liquidity and the company’s banking relationships including the restructuring of the corporate facilities as well as the mortgage company’s warehouse lines.

James started his career with Arthur Anderson’s audit practice with a focus on manufacturing and financial services clients.

In 1996, James joined Prism Mortgage Company as its controller and treasurer. After acquiring seven privately held mortgage companies, Prism Mortgage Company was one of the top 25 mortgage originators in the U.S. and executed an initial public offering in 1999. In 2000, Prism Mortgage Company was acquired by Royal Bank of Canada, where James worked with their U.S. based mergers and acquisitions team from 2001 to 2003.

In 2003, James joined Baytree National Bank & Trust as senior vice president responsible for its mortgage and its cash management operations.

James graduated from Northern Illinois University, and received his bachelor’s degree in accounting. In 2010, he graduated from University of Chicago’s Booth School of Business with a Master of Business Administration.

Anthony F. Kramer

Executive Vice President

Anthony F. (Tony) Kramer is executive vice president at Draper and Kramer and the grandson of Draper and Kramer co-founder Adolf Kramer. Tony joined the firm in 1967 and is a licensed real estate managing broker and licensed insurance broker who has been engaged in a number of key Draper and Kramer operations including residential and commercial management and mortgage production. Additionally, Tony is the president of Santiago-based Draper and Kramer Chile, Ltd., and is chairman of the board of Draper and Kramer Condominios SA and Gente Gestion, Inmobilarias SA.

Tony holds a Master’s degree in city planning from Harvard University. He earned his bachelor’s degree at Colby College in Waterville, Maine. He is a director and former chairman of the Near South Planning Board in Chicago and a member of Lambda Alpha International Land Economics Society, the Chicago Crime Commission, the University Club and the Chicago Yacht Club.

Tony has chaired or served as director for a number of corporate and civic boards, including the Dearborn Park Corporation; Chicago Mortgage Bankers Association; Chicago Development Council; Duncan YMCA; Woodstock Site Plan Commission; Slough, USA; Tipperary Corporation, Denver; Chapman Energy, Houston; and School Districts 86 and 180 in Hinsdale, Illinois, where he established and chaired the Foundation for Excellence.

As a founding member of the Department of Homeland Security and a member of the United States Coast Guard Auxiliary, Tony was a line officer in the United States Navy. He supports state-of-the-art healthcare for people living in developing countries through Partners in Health, and impoverished children in the Andes regions of Venezuela and Colombia through Andean Aid.

Paul Lueken

Chief Executive Officer, Draper and Kramer Mortgage Corp.

Paul Lueken has spent his entire working career in financial services. He began at a regional public accounting firm, leading various audit teams responsible for financial institutions, mortgage banks, savings and loans, and credit unions.

In 1990, he entered the mortgage industry, joining one of the ten largest mortgage banks in the United States. Paul worked in all aspects of wholesale operations, including: internal audit, correspondent lending, loan purchasing, customer service, and eventually managing wholesale operations. In 1997, he decided to use his extensive financial experience to its fullest and established 1st Advantage Mortgage. There he assembled a team of individuals with diverse financial backgrounds who shared his views on exceptional customer service. In 2008, 1st Advantage Mortgage merged with us and became our residential mortgage division, which was renamed Draper and Kramer Mortgage Corp. in 2016.

In addition to being a CPA, Paul earned a Bachelor of Science in accounting, with a minor in economics, from Illinois State University and holds a Series 7 general securities license and a graduate certificate from the Mortgage Banker's Association School of Mortgage Banking. In 2004, he was awarded the title of 'Mortgage Broker of the Year', by the Illinois Association of Mortgage Brokers.

Ed Polich

Chief Development Officer and Senior Vice President

Upon completion of studies in architecture and economics at the Illinois Institute of Technology (IIT), Ed Polich practiced architecture at the Chicago-based architectural firm of Perkins and Will. After about four years of various roles at that firm (design, then management), he joined our construction services department in 1982.

Over the next decade, Ed participated in the creation and growth of the development services group and played a significant role in the creation of many of our assets. In the early 1990s, he left us to (ultimately) become the Midwest regional operating partner of the Linpro/LCOR Companies and develop the iconic Chicago Title and Trust Center in downtown Chicago. In addition to that $265 million development, he developed commercial office, logistical, multi-family and senior housing assets in markets across the United States.

For the past 14 years, Ed’s own firm, Waveland Partners, in addition to opportunistic development activities, has provided advisory and consulting services to a number of high-net-worth individuals, their families and institutional owners of real estate.

A native Chicagoan and North Side resident, Ed believes it is the responsibility of every citizen to commit to on-going involvement in the welfare and growth of communities throughout the metropolitan area. This belief is reflected in his long term commitment to non-profit community development activities in economically and socially challenged neighborhoods and in his role as a leader of a number of community organizations.

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