Team

Our vertically integrated team is made up of real estate and investment experts whose talent and dedication truly drive our success. We appreciate our people for their curiosity, creativity, and willingness to take on complex challenges. By bringing together caring and talented professionals from across the real estate industry, we’ve built a culture of growth and empowerment. This sense of trust and teamwork allows us to turn bold ideas into exceptional results and lasting value.

Paul C. Dougherty

President & Founder

Paul C. Dougherty

President & Founder

Paul is the President of PRP, the private real estate alternative investment firm he founded in 2005. As such, he is responsible for the general oversight of the firm as well as for PRP’s commingled funds and separate accounts. In his role as President, Paul leads the company’s strategic growth, managing its daily business operations, setting corporate strategy and maintaining and building relationships with the firm’s stakeholders: lenders, investors and advisors.

PRP has acquired or built over 17 million square feet of office, medical office, industrial, retail and data centers and approximately 4,000 units of multifamily and condominium properties in 60 investments nationwide. Total aggregate size is $6B+. PRP has made investments through four discretionary commingled funds, SMAs and individual joint ventures across 23 U.S. markets.

Prior to forming PRP, Paul was Managing Director of the Eastern Region of CBRE Capital Markets. While at CBRE, Paul founded CBRE Realty Finance (NYSE: CBF), a commercial real estate mortgage REIT. Before that, he was the founder and National Director of the Finance & Capital Markets Group for Insignia/ESG, Inc., where he led a national team of real estate investment bankers involved in the project financing, bond financing, joint venture equity structuring and project development financing of investment-grade office, retail, industrial, lodging and multi-family projects. CBRE acquired Insignia/ESG in 2001. Paul started his career in 1987 at Barnes, Morris & Pardoe in Washington, DC, a company that was acquired by Insignia/ESG in 1997.

Paul was a founding director and formerly served as a member of the Director’s Loan Committee for the Bank of Georgetown. Additionally, he formerly served as a Board member of the Children’s National Hospital, the Board and the Executive Committee of the Children’s National Hospital Foundation, the Board of the Starlight-Starbright Children’s Foundation Mid-Atlantic, and a founder and former Board member of the First Tee of Washington, DC. Paul is an active member of the Economic Club of Washington, the Federal City Council, and multiple real estate trade organizations.

Paul is an alumnus of the University of Southern California and American University and holds a certificate in Real Estate Management; Finance, Design and Leadership from the Harvard University Graduate School of Design.

Trey O’Shields

Chief Financial Officer

Trey O’Shields

Chief Financial Officer

Trey is responsible for all oversight of financial planning and analysis at PRP, financial reporting, tax, audit, and accounting. Trey has over 20 years of experience in real estate finance and accounting in both public and private real estate investment companies.

Prior to joining PRP, Trey served as Chief Financial Officer of Bonaventure a vertically integrated owner, operator, and developer of multifamily communities throughout the Mid-Atlantic. While at Bonaventure, Trey had oversight of FP&A, investor relations, tax, and accounting.  He led all financial capabilities within Bonaventure’s newly formed REIT and was a member of its Board of Directors and Investment Committee. Prior to joining Bonaventure, Trey served as Chief Financial Officer of the Stonebridge Companies, a privately held hospitality owner, operator, and developer. At Stonebridge he led all property, corporate, and tax accounting functions in addition to raising debt and equity capital. Prior to Stonebridge Trey held various finance, treasury, and capital markets roles at UDR (NYSE: UDR) and AIMCO (NYSE: AIV).

Trey received his BSBA International Business from the University of Denver, and an MBA in Finance from the University of Colorado. 

Jon McAvoy

Chief Investment Officer

Jon McAvoy

Chief Investment Officer

Jon McAvoy is the Chief Investment Officer at PRP. In his role, Mr. McAvoy oversees the Company’s investment, development and asset management efforts across all sectors to grow PRP’s portfolio, including Mission Critical, Multifamily and Special Situations.

Prior to PRP, Jon was the Chief Investment Officer of Hoffman & Associates, where he led the company’s financial division. In this role, Jon oversaw  accounting, acquisitions, asset management, as well as corporate and project capitalization for the company’s $6B+ portfolio, including The Wharf, Seaboard Station in Raleigh and West Falls in Virginia. Prior to joining Hoffman & Associates, Jon worked for multiple Fortune 500 corporations, including Harman International, Deloitte Touche Tohmatsu and Freddie Mac. His experience includes banking operations, multi-national corporate investment portfolio management, mortgage-backed securities trading, product development and credit analysis.

Jon graduated from Georgetown University’s McDonough School of Business with a Master of Business Administration and Bachelor of Science in Business Administration

Stephen Muller

Managing Director, Development & Construction

Stephen Muller

Managing Director, Development & Construction

Steve joined PRP in 2014 and is responsible for ground-up development and project management. He serves as a member of PRP’s Investment Committee.

Steve has more than 30 years of experience acquiring, leasing, managing, developing and redeveloping more than 2.5MM square feet of office and multifamily — including 1301 K Street, 1001 Pennsylvania Avenue, the XM Satellite Radio headquarters and Fairway Park.

Prior to joining PRP, Steve was Founder and Managing Principal of Union Realty Partners and Vice President and Regional Manager for Prentiss Properties. Steve is past Chairman of the Franklin Square Association and past Director of both the DC Building Industry Association and Action 29-New York Avenue Metro Station, a public–private venture created to finance the new metro station.

Steve received his BS from Babson College and an MBA from Columbia University.

EJ Wislar

Managing Director, Mission Critical Assets

EJ Wislar

Managing Director, Mission Critical Assets

EJ joined PRP in 2024 and is responsible for growing the net lease platform. He has over 10 years’ experience in various real estate sectors encompassing leadership, acquisitions, and asset management oversight. 

Prior to joining PRP, EJ was Chief Investment Office of a publicly traded net lease REIT where he was responsible for overseeing the firm’s acquisition and asset management activities. He previously held positions with Prudential Global Investment Management and United Bankshares.

EJ received a BS in Business Administration and Political Science from Washington & Lee University. He resides in Virginia with his wife. 

Jake Ying

Director, Acquisitions Mission Critical Assets

Jake Ying

Director, Acquisitions Mission Critical Assets

Jake joined PRP in 2015 and is responsible for the firm’s acquisitions, development and asset management activities.

Prior to joining PRP, Jake was an Analyst at Greysteel, a commercial real estate brokerage firm. Jake was responsible for underwriting more than 150 multifamily investment sales properties in the Mid-Atlantic region while at Greysteel.

Jake received his BS in Accounting & Finance from Syracuse University and a Master of Accounting from William & Mary.

Matt Serenius

Director, Acquisitions Multifamily

Matt Serenius

Director, Acquisitions Multifamily

Matt is tasked with growing the multifamily platform at PRP.  With 2 billion dollars in closed transactions, he brings 20 years of experience in the multifamily real estate sector, encompassing leadership, acquisitions, asset management, and development roles.

Before joining PRP, Matt was employed at Akelius, where he spearheaded the establishment of a US office and built a billion-dollar portfolio, facilitating the company’s expansion into the US market. Prior to Akelius, he served at Fairfield Residential, concentrating on acquisitions within major East Coast markets. During the Global Financial Crisis, he worked at CW Capital, and he initiated his career in development at Fore Property Company.

Matt holds a Bachelor of Science degree in Finance with a Minor in Entrepreneurship from Miami University in Oxford, OH.  He resides in Washington with his wife and three children.

Lauren Minger

Director, Commercial Property Operations

Lauren Minger

Director, Commercial Property Operations

Lauren is responsible for overseeing commercial property management for PRP. She brings 13 years of property management experience.

Prior to joining PRP Lauren previously managed a handful of class A assets in the Chicago area, including the world-renowned Willis Tower, for EQ Office, a Blackstone portfolio company, prior to relocating to DC.

Lauren received her B.S. degree in Finance and Real Estate at the University of Missouri-Columbia. She also obtained her RPA certification and IL Real Estate License.

Bjarki Juliusson

Controller

Bjarki Juliusson

Controller

Bjarki joined PRP in 2019 and is responsible for the reporting and analysis of the firm’s office and residential portfolio.

Prior to PRP, Bjarki worked as Project Accountant for JBG Smith, where he prepared and reviewed monthly financial statement reporting packages for Legacy Vornado assets. Before JBG Smith, Bjarki oversaw residential portfolios as a Portfolio Accountant at Pinnacle Property Management Services.

Bjarki received his BS in Accounting from the Florida Institute of Technology in Melbourne, Florida.

Chris Riley

Director, Asset Management

Chris Riley

Director, Asset Management

Chris joined PRP in 2020 and is primarily responsible for the asset management activities of the firm’s office portfolio.

Prior to joining PRP, Chris worked as an Associate in Cushman & Wakefield’s Capital Markets Group, where he participated in over $3 billion worth of investment sales transactions. Prior to Cushman & Wakefield, Chris was a Senior Associate in the audit and assurance practice at PricewaterhouseCoopers.

Chris received his BS in Accounting from the University of Maryland. He holds his Real Estate License in DC, MD and VA and is a Certified Public Accountant.

Jason Truesdale

Director, Development & Construction

Jason Truesdale

Director, Development & Construction

Jason serves as the Director of Development and Construction at PRP, where he oversees all aspects of development, including, entitlement, design, construction, and project delivery. With over a decade of experience in the industry, as both a developer and general contractor, Jason has entitled and delivered multi-family, mixed-use, and hospitality projects across the region.

Prior to joining PRP, Jason was the Director of Design and Development at CarrAmerica, where he led development and construction efforts, including high-end condominiums in Alexandria, VA, mixed-use development in Montgomery County, MD, as well as capex and value-add projects within the portfolio including at the iconic Willard Hotel in Washington, DC. He also directed due diligence and feasibility efforts for regional acquisitions for both ground-up and adaptive re-use. Earlier in his career, Jason worked for PN Hoffman on delivery of Phase 1 of The Wharf, as well as in pre-construction and project management with Balfour Beatty Construction.

Jason holds a degree in Architecture from the University of Virginia and resides in Washington, DC, with his wife and their dog.

Tom Wasko

Director, Acquisitions Special Situations

Tom Wasko

Director, Acquisitions Special Situations

Tom joined PRP in 2023 and is responsible for sourcing and executing distressed and opportunistic investments. Outside of the office, Tom enjoys ice hockey, biking, skiing and cooking. A long time watcher of This Old House and The New Yankee Workshop, Tom is frequently working around his house on various projects. He lives in Alexandria with his fiancée and dog.

Prior to joining PRP, Tom was Vice President at Innovatus Capital Partners, LLC, a New York based asset manager. He helped launch the firm’s real estate strategy and acquired over $1 billion in assets in 11 U.S. markets. He started his career in DC with JLL’s Capital Markets team.

Tom received a BS in Industrial and Labor Relations from Cornell University.

Jade Stone

Asset Manager

Jade Stone

Asset Manager

Jade joined PRP in 2023 and is responsible for asset management activities of the firm’s office portfolio. She has over a decade of experience in institutional asset management and almost two decades of real estate finance experience.

Prior to joining PRP, Jade worked as a valuation specialist for PNC Realty Investors (PRI), where she oversaw the valuation process of fifty core properties valued at over $9 billion. Prior to PRI, Jade was in portfolio management at National Real Estate Advisors and managed the reporting process for over $9 billion in properties located across fifty different U.S. markets. Prior to her time in institutional asset management, Jade spent several years in public accounting, most notably with CohnReznick, and specialized in affordable housing audits.

Jade received her B.S. in Finance and Accounting from the University of Tennessee at Chattanooga. She also has a Master’s in Real Estate from Georgetown University.

Corey White

Asset Manager

Corey White

Asset Manager

Corey joined PRP in 2025 and is responsible for the asset management activities of the firm’s office and multifamily portfolio.

Prior to joining PRP, Corey worked in Asset Management and Investments for Southern Management Companies. He oversaw the performance and strategic direction of their residential portfolio, focusing on value enhancement and operational efficiency. Prior to Southern Management, Corey worked as an Analyst for DRB Homes.

Corey received his BS in Finance from the University of Delaware and holds a MBA from Georgetown University, McDonough School of Business. 

Scott Hahn

Director, Mission-Critical Assets

Donna Baldree

Director, Multifamily Property Operations

Donna Baldree

Director, Multifamily Property Operations

Donna joined PRP in 2018 and is responsible for residential asset management activities of the firm’s portfolio.  Donna is married with three children and three grandchildren.  She enjoys attending events such as: music, sports, theater, as well as traveling throughout the country.  She has an affinity for animals, currently raising Border Collies and takes pleasure in horseback riding.  Donna played soccer for 13 years and hopes to attend a Nottingham Forrest game in their home stadium of City Ground. Donna has been in residential asset management since 2007.  She has previously worked with companies such as: AIMCO, Drucker & Falk, Bozzuto, and Apartment Dynamics in both North Carolina and Maryland.  Donna is responsible for the day-to-day activities including assessing risks, developing overall sales, marketing and financial objectives while ensuring the teams meet and/or exceed their goals.  Donna is an alumnus of Saint Leo University.

Landon McKenzie

Senior Associate

Landon McKenzie

Senior Associate

Landon joined PRP in 2020 and is responsible for the firm’s acquisitions and asset management activities.

Prior to joining PRP, Landon interned as an analyst for Atollogy, an integrated technology start-up company in Silicon Valley. Landon was responsible for analyzing market expansion opportunities. While working with Atollogy, he participated in deals which resulted in doubling the company’s valuation. 

Landon has a BA from Dartmouth College, where he was also a member of the men’s lacrosse team.

Allison Ditty

Property Accountant

Allison Ditty

Property Accountant

Allison Ditty joined PRP in January 2025 as the team’s Property Accountant. She is responsible for preparing timely and accurate reports on all the firm’s real estate investments.

Prior to PRP, Allison spent five years at Paradigm Companies as a Finance Associate, where she developed robust experience in project accounting and financial risk mitigation. During her tenure, she managed the accounting and risk aspects of 25 construction projects—10 renovations/conversions and 15 ground-up developments. Allison also oversaw annual insurance renewals for the company’s entire portfolio, the majority of which consisted of 15 high-rise, Class A multifamily assets throughout the DC-metro area, while demonstrating versatility across multiple operational functions.

Allison holds a double major in Business Finance and Corporate Communications from Lycoming College. Outside the office, she enjoys marathon canoeing, snowboarding, and exploring new camping destinations with her dog.

Aniket Naravane

Senior Associate

Aniket Naravane

Senior Associate

Aniket Naravane joined PRP as a Senior Associate in 2025 and is responsible for expanding the firm’s multifamily investment platform.

Prior to joining PRP, Aniket worked at Hudson Valley Property Group in New York City as an Associate Manager, where he led the acquisition and financing of affordable housing projects utilizing a combination of public capital and private equity. During his five-year tenure, he closed more than $350 million in transactions nationwide. 

Aniket holds a Bachelor of Science in Business Administration with concentrations in Finance and International Business from Georgetown University’s McDonough School of Business.

Colleen Ramsey

Office Manager

Colleen Ramsey

Office Manager

Colleen joined the firm in September of 2020 as Office Manager. She brings more than 25 years of executive experience to the firm and is responsible for overseeing the day-to-day functions of the office as well as supporting all team members in their varied roles.

When Colleen isn’t working, she enjoys watching her son play baseball for the minor league affiliate of the Kansas City Royals. She loves reading mystery novels and motivational books, usually alongside a big cup of coffee on weekends. Colleen credits her passion and motivation to her daily morning fitness routine, and she tries to start every day with fresh air. Above all, her family is her support system, and she values the time she spends with them walking, exploring new places, and eating meals, as well as the occasional post-dinner Scrabble game.

Prior to joining PRP, Colleen managed a tax law firm and worked as an account manager for Pacific Life Wholesalers.

Scott Brown

Advisory Board Member

Scott Brown

Advisory Board Member

Mr. Brown is the founder and CEO of Fulcrum Global Investors. Mr. Brown has been a successful real estate investor and developer since 1984. Prior to founding Fulcrum Global Investors, Mr. Brown was Global President & Chief Executive Officer of Cornerstone Real Estate Advisors (formerly Barings). When he joined Cornerstone in 2014, Cornerstone had $42B in AUM with one dominant region (the U.S.). When Mr. Brown departed in 2019, Cornerstone’s AUM exceeded $57B, the European business was built out and established, and the Asia-Pacific real estate business had been started. During Scott’s leadership, Cornerstone was one of the only truly four quadrant global REIMs in the world. Mr. Brown is on the Board of NAREIM, is the NAREIM Treasurer, and was previously a Board member of NCREIF. He holds a bachelor’s degree in economics from University of Massachusetts Amherst, a master’s degree in real estate development from Columbia University and holds the CFA Charter.

Caleb Kramer

Advisory Board Member

Caleb Kramer

Advisory Board Member

Mr. Kramer most recently served as the Portfolio Manager at Oaktree Capital Management, LP, an asset management firm based in London and active globally. In his directorial capacity, he managed the firm’s European distress-for-control and special situation private equity investments. He joined the firm in 2000 as Managing Director, Principal Funds, before being promoted in 2005. Mr. Kramer began his career in finance at Merrill Lynch and as an Associate in Mergers and Acquisitions with Dillon Read & Co., Inc. He went on to work for Archon Capital Partners before eventually co-founding his own private equity investment firm, Seneca Capital Partners, LLC. Mr. Kramer served on the Board of Directors for Campofrio Food Group, SA, from 2008-2013. He earned his bachelor’s degree in economics from the University of Virginia.

Denise Olsen

Advisory Board Member

Denise Olsen

Advisory Board Member

Ms. Olsen is a seasoned public company board member and accomplished business building executive who leverages expertise gained from over 30 years in the investment management industry across the private and public markets of real estate, data infrastructure, credit, and liquid alternatives. Currently, Ms. Olsen is a board member of First Industrial Realty Trust (NYSE: FR) and serves on the Investment Advisory Committee of The Harry and Jeanette Weinberg Foundation. Formerly, Ms. Olsen was a board member of CyrusOne, Inc. (Nasdaq: CONE), which was sold to KKR and GIP in a $15 billion public-to-private transaction in 2022. Ms. Olsen’s career spanned over two decades at GEM Realty Capital, an investment management firm that invests in diversified real estate opportunities across the private and public markets. As a senior partner, Ms. Olsen led business development and capital formation activities and was a longstanding member of GEM’s investment committee. Earlier in her career, Ms. Olsen had investment roles at JMB Realty Corporation and EVEREN Securities. Ms. Olsen received her Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania.