Over the years, PRG has utilized its acquisitions strategy to great advantage. Read a few of our case studies to see that model in action.
Flagler Pointe (St. Petersburg, FL) - The Classic Rehabilitation
One of the earliest PRG renovation projects was at Flagler Pointe in St. Petersburg, Florida. An older property that had been subject to a foreclosure by an insurance company, Flagler required a well-planned capital improvement program to allow PRG to reposition the community in the St. Petersburg market. Read on...
Lakecrest Apartments (Greenville, SC) - The Value-Added Play
Lakecrest was a clear opportunity to add value by purchasing a property in a superior location that was severely underperforming due to both deferred maintenance and substandard management. Every other property in the seller's portfolio had sold. Lakecrest was not attracting buyers. Enter PRG. Read on...
Staples Mill Townhomes (Richmond, VA) - Institutional Investment
Staples Mill Townhomes demonstrated another successful repositioning by PRG. An undermanaged asset in a stable location with considerable deferred maintenance, Staples Mill was perfect for the classic PRG one-two of curb appeal enhancing capital improvements and more intensive management. Read on... |