Multifamily Direct Ownership

With an extensive track record in multifamily operations, PRG is a direct investor and and owner of market-rate rental properties in major metropolitan areas across the U.S. PRG and its principals have invested in, developed and redeveloped more than 1,000 multifamily properties, representing over 130,000 rental apartment units and approximately $12 billion of real estate across 48 states. PRG has invested alongside institutional investors including public pension funds, banks, and insurance companies.

PRG considers a wide range of multifamily opportunities nationwide, with typical investment criteria that include the following:

 

Investment Structures: Joint Ventures, Preferred Equity, Mezzanine Loans
Investment Amount: $5 - 30 million
Asset Size: $15 - 60 million
Leverage: 65% - 80%
Investment Terms: 3 to 5 years
Asset Types: Existing operating multifamily

For more information on our investment focus please read about our Private Equity Real Estate line of business.