On October 1, 2006, Mayor Richard Daley appointed Martin Nesbitt as Chairperson of the Chicago Housing Authority succeeding Sharon Gist Gilliam. Gist Gilliam assumed the role of interim CEO upon the resignation of Terry Peterson on Sept. 30, 2006.
Mr. Nesbitt was appointed as a Commissioner of the Authority on July 9, 2003. He served as Vice Chairperson of the Board since January 17, 2006. Mr. Nesbitt is president of PRG Parking Management, also known as the Parking Spot, and manages the strategic and operating services of the off-airport parking facilities.
Mr. Nesbitt is also vice president of the Pritzker Realty Group, L.P. where he procures new real estate investment opportunities, retail investments and developments for the Pritzker Group. Prior to joining Pritzker, Mr. Nesbitt was a partner and investment manager at LaSalle Partners and was also was responsible for the firm’s parking assets. He acquired, financed and managed a $100 million portfolio of parking assets in preparation for its public offering. While at LaSalle, Mr. Nesbitt also managed several specialty fund portfolios of non-traditional real estate investments with a combined market value of more than $1 billion.
Prior to joining LaSalle Partners, Mr. Nesbitt was employed by General Motors Corporation in the area of borrowing and financial planning. There, he was responsible for managing the company’s long, short and medium term borrowing requirements which included the placement of more than $25 billion in debt annually. While at General Motors, Mr. Nesbitt was also involved in the securitization and sale of $4.0 billion in auto loans, an industry first. Mr. Nesbitt was quickly recognized and rewarded at General Motors with one of the company’s GM Fellowships which sponsored his graduate education.
Mr. Nesbitt’s civic involvement includes participation in the Big Brothers/Big Sisters of America. He also served as chairman of the DuSable District of the Boy Scouts of America and on the Board of Directors of Landmarks Preservation Council of Illinois. He is a member of the United Negro College Fund Advisory Council, and a trustee of Chicago’s Museum of Contemporary Art.
Mr. Nesbitt has a Masters of Business Administration degree from the University of Chicago and a Bachelor of Science degree from Albion College , Albion , Michigan.