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REAL ESTATE SERVICES
PRS Equities also provides comprehensive real estate solutions for its clients, including investment, development, asset and property management, tenant representation and general advisory services.
REAL ESTATE DEVELOPMENT
PRS Development is the real estate development division of PRS Equities Limited. PRS Development and its partners have acquired and/or developed in excess of $2 billion of commercial real estate in the past thirty years, including millions of square feet of commercial, residential and hospitality properties in several states throughout the U.S. PRS Development also maintains a keen focus on green building practices. Some of PRS Development's recent projects include:
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Brazos Place - Austin, Texas
PRS Development transformed the former Commodore Perry hotel located in downtown Austin into a mixed-used, live-work-play community comprising 75 luxury condominium units and 90,000 square feet of high quality office and retail space.
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Capitol Tower - Austin, Texas
PRS Development purchased Capitol Tower in 2006 and is currently repositioning the 172,000 square foot downtown Austin office building through extensive interior and exterior renovations. Located just two blocks from the Texas State Capitol, Capitol Tower is now positioned as one of the premier office buildings in downtown Austin and is an Austin Energy Green Building. At the time of acquisitions, the building was 100% vacant. PRS Development leased the building up to 100% occupancy by early 2009.
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Central Business Park - Southfield, Michigan
Central Business Park is situated on 65 acres in a beautiful park setting and features over 800,000 square feet of office, warehouse and "flex" combination space in one of Metro Detroit's premier suburbs. PRS Development has recently added four new Class A R&D/Flex buildings to the campus and created a 13,000 square foot retail marketplace.
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Birmingham Place - Birmingham, Michigan
PRS Development purchased and redeveloped this mixed-use building in the heart of downtown Birmingham, the premier urban/suburban market in Metro Detroit. PRS Development overhauled the lobby and exterior, converted its residential apartments into 141 exclusive condominium units, and renovated 100,000 square feet of Class A office and retail space.
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Oakland Air - Waterford, Michigan
Following its purchase of an established FBO and hangar facilities at Oakland County International Airport, PRS Development began a three phase expansion that - when complete - will feature over 150,000 square feet of hangar space, 12 acres of ramp area, a 26,000 square foot covered portico and well-appointed passenger and pilot lounges and conference rooms. Since its acquisition in 2004, Oakland Air has increased the number of aircraft it services by 300%.
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ASSET AND PROPERTY MANAGEMENT
PRS Management is the asset and property management unit of PRS Equities Limited. PRS Management maintains institutional quality standards for management and reporting and has significant experience across a wide range of property types including commercial, industrial, retail, hospitality, and multifamily.
PRS Asset Management identifies, develops and executes creative solutions to enhance the value of real estate. Our highly-skilled staff is composed of individuals with diverse professional backgrounds and expertise and with longstanding relationships that allow us to excel at assembling and managing the right team to execute on the well-defined business plan.
PRS Property Management consists of a team of seasoned, professional property managers with significant experience managing multiple property types and asset classes. Our property management group employs:
- Centralized accounting for multiple property types and asset classes
- Institutional-level reporting processes and procedures
- Timely, professional and responsive support, including a "24/7" answering service for after-hours emergencies
- Focus on operating efficiency, including thorough analysis of tax and expense issues
- Use of dedicated "Relationship Managers" to serve the individual needs of our tenants and clients
- Construction management services
Our property management professionals are proud members of the Institute of Real Estate Management (IREM) and maintain a keen awareness and focus on green building practices.
REAL ESTATE ADVISORY SERVICES
PRS Equities provides comprehensive real estate consulting solutions for its clients including:
- Tenant Representation
- Work with potential tenants of commercial real estate to assist with lease negotiation, expansion and relocation needs
- Brokerage
- Provide a complete range of commercial real estate brokerage services for tenants and owners of all property types as well as advice, execution and investment management services to clients engaged in buying, selling, investing in, financing or constructing real estate
- Transaction Services
- Assistance in structuring transactions and securing financing, including accessing lenders and investors in traditional and securitized markets, investigating capitalization options, and structuring joint ventures
- General Consulting
- Offer strategic consulting services to help clients develop and execute real estate strategies designed to achieve their specific objectives, including support for location analysis, financing, tax issues, and risk management procedures
- Real Estate Development
- Provide corporate build-to-suit and custom redevelopment, including access to industry experts in architecture, engineering, risk management, construction, interior design and space planning
- Asset and Property Management
- Comprised of an experienced, multidisciplinary team with a complete platform capable of institutional-level reporting, around-the-clock service, and focus on operating efficiency
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