WASHINGTON, D.C. – April 30, 2024 – PRP, a real estate investment management company headquartered in Washington, D.C., announced today that it has hired Matt Serenius as director of multifamily acquisitions and investments. In his new capacity, Mr. Serenius will spearhead the acquisition of multifamily investments for PRP’s balance sheet.
“We are excited to make this important strategic hire to further build upon our talented team as we embark on an interesting new phase of the commercial real estate cycle,” said Paul Dougherty, president of PRP. “Matt is an extremely accomplished commercial real estate professional, and we look forward to benefiting from his expertise as we navigate the evolving real estate investment climate in the United States.”
Mr. Serenius commented, “PRP has an impressive investment history in multiple sectors, with a strong following from some of the largest lenders and investors across the globe. I am excited to join PRP at this important time in our industry and look forward to leveraging my experience in the sector to take advantage of incredible buying opportunities in the coming cycle.”
Matt will be based in Washington, D.C., and will be responsible for growing PRP’s multifamily investment platform. Mr. Serenius brings 20 years of industry experience, with $2.0 billion of multifamily assets closed across 40 transactions in major markets. Prior to joining PRP, Mr. Serenius ran the Washington, D.C., office for Akelius, assembling a 3,000-unit portfolio valued at over $1 billion, with full P&L oversight, including management of 80 employees. Earlier in his career, Mr. Serenius held acquisition and development roles at Fairfield Residential and Fore Property Company.