Since 1991, Pritzker Realty Group and its predecessor made, managed and sold more than $6 billion of investments in commercial real estate through direct acquisitions, joint ventures and operating companies in multifamily, office, industrial, retail, senior living and off-airport parking facilities. Our recent focus has been on multi-family properties in key U.S. markets. Significant investments have included:
- Centergate Residential, a vertically-integrated multifamily development and management company which comprised 12,000+ units in 30+ properties
- Vi Senior Living (formerly Classic Residence by Hyatt), a vertically-integrated senior living facility developer and operator which owned and managed almost 6,300 units in 19 properties
- The Parking Spot, an off-airport parking facilities operator, owner and manager of 17 high-quality parking facilities with 32,000 parking stalls, and a manager of a second portfolio of an additional 24 parking facilities, containing more than 35,000 parking spaces
- Master planned communities including Baldwin Park (Orlando, Fla.) and King Farm (Rockville, Md.), comprising land for the development of thousands of residential units and millions of square feet of commercial space
- Direct investments including the development of Hyatt Center, a 1.5 million rentable square foot, Class-A office building in Chicago's Loop; 30 Dalton, a 26-story, 218 unit luxury apartment building in Boston's Back Bay; and the recapitalization of Presidential Towers, a 2,400-unit, 4-tower apartment community in Chicago’s West Loop.
PRG's private capital base, investing history and entrepreneurial management team allow us to evaluate and structure opportunities across all commercial real estate sectors. By opportunistically deploying capital at key points in the real estate cycle, we intend to maximize long-term value creation and build sustainable platforms with strategic partners. We seek investment opportunities through which our capital markets and operational expertise and relationships, as well as our active involvement throughout an investment’s life cycle, will create or add value.
PRG's objectives and experience are well suited to a range of investments, including:
- Programmatic joint ventures
- Distressed acquisitions / recapitalizations
- Ground-up development
- Opportunistic debt and preferred equity