About Us

PRG IS A VALUE-ADD INVESTOR, PROPERTY OWNER AND OPERATOR

PRG has a diverse history in real estate that is distinguished by skill sets and experience as both an owner-operator and a fund manager focused on multifamily strategies in the U.S. Our investment focus centers on multifamily properties for which we can bring institutional quality improvements and management practices to better serve middle-market renter populations in key urban and suburban locations. Whether operating properties directly or partnering with local operators, we have the expertise to find investment opportunities, improve and operate properties, and increase value to our investors, including public pension funds, insurance companies, banks and family offices.

Headquartered in New York City, with an investment office in California and a branch in Florida, PRG currently manages more than $1.35 billion in assets and nearly 10,000 apartment units across the U.S. Our team and structure support a dual business platform of direct operations and fund management, with in-house professionals skilled in all aspects of institutional fund management, real estate investment, development and operations.

 

Middle-Market Multifamily and Affordable Housing Expertise

PRG’s principals have invested in more than 1,000 multifamily properties representing approximately 130,000 apartment units and $12 billion in real estate over 30+ years. On this experience we have built PRG’s extensive capabilities in organizing, capitalizing, originating and managing residential real estate investment funds.

PRG’s current portfolios and targeted acquisitions include a wide array of asset types including high-rise and garden apartments, middle-market and low-income properties, mixed-use real estate, and performing and distressed assets. Our strength in selecting and acquiring properties is matched by our expertise and deep experience in improving and operating them to maximize value.