About Us

DR. RICHARD T. PRATT

Chairman, Richard T. Pratt Associates
Professor Emeritus, David Eccles School of Business

Richard T. Pratt is chairman of Richard T. Pratt Associates, a real estate management and investment firm. Most recently Dr. Pratt has been focusing on real estate opportunities in central and southern Utah, and he is the managing member of a number of LLC’s, the largest of which is PUB Green Spring, LC, a Utah real estate investment company. Dr. Pratt has consulted and spoken on a broad range of financial topics both nationally and internationally. He has served on a number of boards of publically traded companies.

Dr. Pratt has had a distinguished career in housing finance as an educator, government official, investment banker and consultant. In 1981 Dr. Pratt was appointed Chairman of the Federal Home Loan Bank Board, and simultaneously served as chairman of the Federal Home Loan Mortgage Corporation and the Federal Savings Loan Insurance Corporation. During his tenure, Dr. Pratt introduced and oversaw major regulatory and legislative reforms affecting the housing finance industry.

In 1983, Dr. Pratt joined Merrill Lynch & Co. as the Chairman of its Merrill Lynch Mortgage, Inc. subsidiary. Dr. Pratt developed a major mortgage securitization and trading operation which issued some of the first Collateralized Mortgage Obligations ("CMOs"). From 1991 until his retirement in 1994, Dr. Pratt served as a Managing Director of the Financial Institutions Group at Merrill Lynch. Dr. Pratt also chaired the annual Midwinter Executive Housing Conference in Park City, Utah for over 35 year.

Dr. Pratt currently serves on the board of Celtic Bank (Salt Lake City), and is a member of both the National Advisory Board for the David Eccles School of Business at the University of Utah, and is an emeritus member of the National Advisory Council for the University of Utah. He holds a Doctorate of Business Administration from Indiana University and a Master of Business Administration from the University of Utah.

Ramona Stromness

Ramona A. Stromness is a Senior Associate at Richard T. Pratt Associates, a Utah real estate investment firm. Ms. Stromness’ activities include managing over 10 LLC’s that hold a combined real estate portfolio valued in excess of $30 million, and facilitating the economic analysis and due diligence of residential and commercial real-estate development.

For over 10 years, Ms. Stromness managed the Midwinter Executive Housing Conference in Park City, Utah, which continues to attract an elite clientele from around the country. She oversaw all aspects of the conference including arranging speakers, managing the hotel contract and budget, and marketing.

Ms. Stromness holds an MBA from the David Eccles School of Business at the University of Utah, and a Bachelor of Music from the University of Utah. She gives back to the University by arranging twice-yearly discussion forums between the student managers of the DESB Student Investment Fund and local business investment leaders. She recently completed certification for an inactive real estate license in the state of Utah. She has served as chair, secretary/treasurer, and in other positions for several philanthropic and women’s organizations. She was a founder of the Utah Flute Association and taught private flute lessons for several years. She enjoys playing her flute at local events and in community musical groups.