Real Estate
Pritzker Realty Group (PRG)
An experienced, strategic investor and operator. A proven track record.
Pritzker Realty Group (PRG) has invested in direct real estate through acquisition and development as well as in strategic joint ventures and real estate operating companies across commercial real estate classes. With investments of more than $10 billion since 1991, we now primarily focus on the long-term multifamily housing and industrial sectors in the United States, managing investments on behalf of family offices and institutional separate accounts in strategies that provide attractive risk-adjusted, after-tax returns.
We execute through our best-in-class, tenured team with decades of industry relationships and through a network of strategic, trusted partners.
Our advantage
DEEP OPERATING
EXPERIENCE
PRG has managed and sold more than $10 billion of investments in commercial real estate. Through our experiences we have become creative problem solvers. We manage the challenges of commercial real estate with ingenuity and integrity.
INSTITUTIONAL CAPITAL
WITH AN OPEN MINDSET
Unlike traditional institutional investors, we encourage our professionals to take ownership of their projects, think creatively, and act nimbly so key decisions are made in a timely and prudent manner.
AN INDEPENDENT VIEW
As a long-term investor, PRG offers stability through economic cycles and possesses the capacity to invest during times of uncertainty or scarce institutional capital.
Our focus
MULTIFAMILY
- Development and acquisition of Class A apartments and Single Family Rental communities
- National, multi-market footprint in nine high-barrier-to-entry and high-growth markets
- Compelling long-term growth driven by sector macro trends, combined with a hyper-local investment thesis for each investment
INDUSTRIAL
- Direct development and
acquisition of institutional
quality industrial facilities - Infill locations with
truck, rail, and intermodal
transportation advantages - Geographically focused on
select U.S. markets with
compelling demand and
growth attributes
Selected investments
30 DALTON, BOSTON, MA
Developed by PRG, 30 Dalton is a 218 unit, 26 story high-rise in Boston’s Back Bay. PRG and a local developer were awarded the multi-parcel site by the seller in a competitive process.
PRG acquired and developed the apartment parcel, while the local developer took down the adjacent parcel (One Dalton), which is now the Four Seasons Hotel and Residences. Both buildings were designed by renowned architect Henry Cobb, and 30 Dalton is a Class A+ building that consistently achieves top of market rents in Boston. PRG continues to own and asset manage the apartment building in a long-term hold with its investors.
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MONROE STREET MARKET, WASHINGTON, D.C.
Monroe Street Market (MSM) totals 720 units and delivered in two phases in 2014 and 2019 and 76,000 square feet of vibrant ground floor retail, including numerous local restaurants, shops, and 27 artist studios along the “Arts Walk.”
The project sits adjacent to the Catholic University of America and the Brookland metro stop and was an impactful, placemaking addition to the community. Bozzuto developed the original phase with PRG and its investors providing the LP equity and partial predevelopment funding. After stabilization of the first phase, PRG purchased the remaining development parcel and commenced development of the second phase in 2019. Phase II, known as The Everton, offers a more elevated, modern finish than the original phases. PRG continues to own and asset manage the project in a long-term hold with its investors.
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INDUSTRIAL DEVELOPMENTS
Since 2015 PRG’s industrial team has completed the direct development of 3 million square feet of Class A distribution facilities.
PRG actively pursues both speculative and build-to-suit projects with a focus on off-market and relationship-driven opportunities that meet the distribution requirements of a diverse profile of tenants and provide attractive returns to its investors. The existing portfolio includes projects developed in both urban, infill locations as well as greenfield submarkets, with all projects benefitting from access to a combination of truck, rail, and intermodal transportation infrastructure. Additionally, PRG has invested in 1 million square feet of speculative Class A cold storage facilities in three major U.S. markets. PRG’s industrial team executes all developments on a “build-to-core” basis emphasizing long-term value of site configuration, building specifications, and tenant improvements.
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INDUSTRIAL ACQUISITIONS
Since 2015 PRG’s industrial team has acquired over 3 million square feet of industrial real estate.
Acquired facilities range from vacant Class C assets to newly completed, fully leased Class A assets and span the risk spectrum from core plus to opportunistic redevelopment in both urban infill and greenfield locations. Over 800,000 square feet of acquisitions were capitalized in part with 1031 exchange proceeds and all acquisitions have been completed on a direct investment basis. Similar to its development activities, PRG pursues primarily off-market, relationship-driven opportunities in assets that offer tenants compelling access to key transportation infrastructure.
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Our PRG team
Our principals possess over a century of combined experience investing in, owning, and
building global businesses. It makes us committed partners with a profound appreciation for
discretion, preserving strong cultures, and aligning interests with our valued partners.
To Discuss An Opportunity
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Significant past investments
CENTERGATE RESIDENTIAL
A vertically integrated, multifamily development, and management company with 12,000+ units in 30+ properties. PRG founded the company in the late 1990s and sold the majority of the assets by 2007.
THE PARKING SPOT
An off-airport parking facilities operator, owner, and manager of 17 high-quality parking facilities with 32,000 parking stalls. Also, a manager of a second portfolio of an additional 24 parking facilities, containing more than 35,000 parking spaces. PRG founded the company in 1998 and sold the business and real estate assets in 2011.
71 SOUTH WACKER DRIVE
48 story 1.8-million-sq. ft Class A skyscraper in Chicago completed in 2005. PRG developed the building and then sold it in 2010.
Our focus
We invest in buyouts and recapitalizations of established, market-leading businesses with a focus on two sectors where we possess highly relevant experience and relationships: (i) advanced industrials and (ii) business and technology services.
We invest in earlier-stage, high-growth B2B software technology companies that enable efficiency and disrupt the status quo.
We are a long-term real estate investment manager for family office and institutional capital with a current portfolio of over $2 billion of acquired and developed multifamily and industrial assets.