• The Cornerstone, Q1-2017

    May 18, 2017

    PRG often buys properties that are a bit older, 1980’s and 1990’s vintage. We renovate the kitchens, remodel the offices, and provide our residents with a better place to live and our investors with solid returns. When we were approached with the opportunity to buy a new construction property in the best location in downtown Greenville, SC we were skeptical. Read More

  • The Cornerstone, Q1 - 2016

    April 5, 2016

    Richmond, VA - It’s not only the capital of the Commonwealth of Virginia, it is the home of PRG’s two newest acquisitions, Ashton Creek and The Timbers. PRG has had a long history owning and managing properties in Richmond. Read More

  • The Cornerstone, Q3 - 2015

    October 2, 2015

    Originally built in 1987 as a singles community, The Falls provided PRG a significant value-add opportunity with $5,800,000 in capital improvements slated for the first twenty-four months of the hold. Read More

  • The Cornerstone, Q1 - 2015

    March 9, 2015

    We are pleased to announce our partnership with developer WVS Companies in a ground-up development in Roanoke, Virginia! The mixed-use new development site sits just feet from Virginia Tech’s Carilion School of Medicine, and looks to provide a modern live-work-play community for a severely underserved market. Read More

  • The Cornerstone, Q2 - 2014

    June 5, 2014

    As PRG continues to grow, so does our geographic reach. Traditionally focused in the south and southeast, PRG has chosen to enter America’s heartland, recognizing it’s limited multifamily housing supply coupled with long-term population and job growth. The Kansas City area’s growing economy is fueled by flourishing energy, manufacturing, technology and healthcare sectors. Read More

  • The Cornerstone, Q3 - 2013

    August 15, 2013

    While we didn't buy Graceland and we didn't place an order for any of Boeing's new 787 Dreamliner series, we came awfully close with our newest set of acquisitions: Church Lake Apartments in Memphis, TN and Churchill Commons in Charleston, SC. Read More

  • The Cornerstone, Q1 - 2013

    March 31, 2013

    Even during uncertain economic times, the Triangle area of North Carolina has proven to be a successful region for PRG and its investors. With our existing nine communities in Raleigh, Cary, and Durham continuing to churn out great returns, with net operating income up 20% year over year to be exact, PRG Principals Steven Berger and Jon Goodman gave a clear message to the PRG acquisitions team: “Find us some more deals in the Triangle!” Read More

  • The Cornerstone, Q1 - 2012

    March 31, 2012

    For three days in March, the future of PRG met at the Carolina Inn, in Chapel Hill, NC to define the standards for operation of our 42 property portfolio. Managers, Regional Directors, Regional Maintenance Directors, Asset Managers, and Managers in Training, all under the leadership of Sam Foster, trained for two days on the key performance and quality skills for expense control, revenue growth, and asset preservation. Read More

  • The Cornerstone, Q3 - 2011

    September 30, 2011

    As longtime owners of multifamily properties in Florida with communities in Tampa, Orlando, and Jacksonville, PRG always has its eye out for an opportunity and in partnership with Wells Fargo Real Estate Capital, we closed on the 416-unit Villages of Banyan Grove in Boynton Beach, FL on August 13, 2010. At the time, many investors and apartment operators were afraid of entering southeast Florida due to the panic associated with a very troubled national economy. Read More

  • The Cornerstone, Q2 - 2011

    June 30, 2011

    Purchasing properties in good neighborhoods and executing cost effective capital improvement programs have been hallmarks of PRG’s success since its founding some twenty years ago. But if one were to draw a diagram of our accomplishments, we would not place our keen ability to spot good opportunities at the center of the picture. Properties in and of themselves do not make the money. Read More

  • The Cornerstone, Q1 - 2011

    March 31, 2011

    With a rousing Strain of John Sousa’s ‘Stars and Stripes Forever,’ the Athens Drive High School Band announced the start of the March 11th event – Grand Opening of Lake Johnson Mews’ Clubhouse. With a modernist design focusing on coziness, conversation and computer (free WiFi!), the clubhouse elegantly adds to the rich Southern Comfort of this 201-unit property located right on Lake Johnson in the western part of Raleigh, North Carolina. Read More

  • The Cornerstone, Q3 - 2010

    September 30, 2010

    One might ask, given our specialty in property repositioning, how would Huntington at Sundance fall into the mix? When one of our long-term investors, Joe Rome, mentioned Huntington as an asset in which we should take a look, we wondered “why” to ourselves. After all, this is one property that could never be described as big, old and ugly. How about big, new and beautiful for a change? Read More

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