PRP, LLC has announced that it is now wholly owned by its principals and employees. The outstanding interests were acquired by the firm’s management team. The interests were previously owned by Perseus Realty, LLC and its affiliates. Principals of Persus Realty, or their affiliates hold no more interests or involvement in PRP. The transaction enables the firm to bring additional resources to its focused investment management platform. PRP CEO and founder Paul Dougherty states that the consolidation and recapitalization will give the company an opportunity for its employees to join in the ownership and success of the company.
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PRP is a Washington, D.C. based real estate investment management firm with offices in New York and Atlanta. With 18 employees and three investment vehicles, the firm specializes in providing value to its investors by targeting specific niches in the commercial real estate investment sector. For further information, please contact William C. Trimble, Chief Operating Officer and Managing Director of Investor Relations, at 202-741-8408 or btrimble@prprei.com.
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