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Longtime CEO of Acorn Group real estate firm dies

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Albert M. Donato Jr., 70, the longtime CEO of the Acorn Group Inc. real estate firm in downtown Indianapolis, died Monday.

Donato founded the commercial real estate and property management firm in 1988 and most recently served as CEO and board chairman. His son, Albert M. Donato III, is president of the firm.

Donato entered the commercial real estate business in 1978. His most notable projects included the redevelopment of One North Penn, where Acorn’s office is located, and the nearby Jefferson Plaza.

Donato began his career as a manager at Western Electric and later was a general partner at William C. Roney & Co., a national investment banking firm, where he served as co-manager and broker for the Indianapolis office.

Born in Indianapolis, Donato graduated from Cathedral High School in 1959 and attended Wabash College before earning a bachelor’s degree in economics from Indiana University in 1964.

Leppert Mortuary is handling service arrangements.
 

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  • He will be missed
    Al touched the lives of a lot of people, and he will be missed dearly. The past few days I've heard story after story from friends and business associates relating numerous kind acts made by Al. Above all, Al was a wonderful person. I miss you buddy.

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