Archives: Properties

  • November 13, 2020
    PRP replaced ineffective third-party property management, reduced operating expenses by 15%, renovated 50% of the units for $9,000/unit while increasing…
  • November 13, 2020
    PRP acquired this under-managed asset and drove rents to the highest rents and occupancy levels on the market. PRP renovated…
  • November 13, 2020
    PRP acquired this under-managed asset and corrected deferred maintenance throughout the property, renovated units to Class A standards with new…
  • November 13, 2020
    PRP acquired this 200,000 SF office building located in an Opportunity Zone at a cost of $22MM. PRP bifurcated the…
  • November 18, 2020
    In 2019, PRP evaluated a potential acquisition opportunity for a newly-built office and lab campus on a long-term lease with…
  • November 18, 2020
    PRP acquired the property in an off-market transaction, resulting in pricing that was 50 bps higher cap rate than market…
  • November 25, 2020
    PRP acquired this asset leased to FedEx as their FedEx Office HQ. PRP separated the adjoining parking lot and designed…
  • May 20, 2022
    New global corporate headquarters building for Honeywell with ~$70MM tenant investment in the property.
  • July 20, 2023
    PRP developed one of the largest logistic properties in the United States for Hart Consumer Products, Inc., which manufactures and…
  • July 26, 2023
    Trophy neighborhood shopping center located in Washington, DC Metro’s most affluent neighborhood – Spring Valley.