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 […]
Apr 05 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.
Oct 02 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.
Mar 09 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.
Jun 05 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.
Aug 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.
Mar 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 […]
Mar 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 […]
Sep 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 […]
Jun 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 […]