Alvista Portofino – Upland, CA
Strategy
PRG's strategy is focused primarily on the acquisition and development of multifamily rental properties, the majority of which are in higher barrier-to-entry markets.
The firm's focus is on middle-market housing and opportunities to improve net operating income through value-added renovation, repositioning, and creative cost savings programs.
PRG targets the following property attributes:
Class B Multifamily
We seek situations in which we can implement physical and operational improvements to raise the market perception of a property.
Extensive rehabilitation / New construction
Our deep expertise in design, development and construction management means we are able to handle assets requiring significant degrees of building improvement.
Scale and amenities
Target assets whose scale and amenities we believe offer a competitive advantage compared to other properties in the market.
Affordable housing
PRG targets properties with expiring tax credits or development opportunities with subsidies.