News

Two Join Los Angeles Office Team LOS ANGELES/NEW YORK – R. Alex Saunders and Leslie A. Stephens have joined the Los Angeles office of Phoenix Realty Group (PRG) a national real estate owner, operator and fund manager, as managing director in […]

“Michael Fried, founder & CEO of Phoenix Realty Group L.L.C., blogs on CPE’s From the Inside experts blog about what to expect from real estate private equity funds in 2014. Look for quarterly video commentaries from Fried and president Keith […]

“Phoenix Realty Group, an owner and fund manager of multifamily properties across the city and country, has made Class B and C residential buildings its bread and butter over the past 15 years. And its New York-based management is eager […]

“As Related Capital CEO from ’79 to ’99, Michael Fried oversaw the acquisition of more than 1,000 properties totaling 127,000 apartments, but his favorite work is what he’s doing now: remaking neighborhoods. Three weeks after he retired from Related, he […]

…”As we saw this property, it had to be reimagined, it has to be changed,” said Michael Fried, owner of Phoenix Realty Group. Phoenix used an equity fund to purchase the property for $35 million from real estate investment trust, […]

“As we saw this property, it had to be reimagined, it had to be changed,” said Michael Fried, owner of Phoenix Realty Group. Phoenix used an equity fund to purchase the property for $35 million from a real estate investment […]

Phoenix Realty Group is on the verge of completing a roughly $4 million renovation project at an apartment complex that the firm acquired about two years ago. The 237-unit complex — The Crossings at the Bay — is on Ximeno […]