PREP | Company

Everything Retail

Our mission is to be the industry leader in transforming retail real estate assets. PREP was founded in May of 2015 by Michael C. Phillips, co-founder of Phillips Edison & Company. Within Phillips Edison, the team deployed two strategic funds and one net lease income fund on behalf of friends and family investors. PREP now seeks to grow the net lease and strategic divisions on a separate and more specialized management platform. PREP’s management team focuses specifically on repositioning retail assets in the market, bringing a long history of acquisitions, development, merchandising, leasing and property management experience. PREP understands that the retail landscape is constantly changing; PREP’s specialized and nimble team combines deep knowledge of real estate fundamentals with detailed evaluation of consumer, market, and retail trends.

STRATEGIC INVESTMENTS

PREP’s Strategic Investments division targets opportunistic and value add retail assets in infill locations throughout the country. The asset classifications include power centers, malls and mixed use properties with a minimum size of 150,000 square feet. The team looks to reposition cash flowing value add investments and distressed assets requiring light or heavy redevelopment. Our highly experienced leasing team with exceptional retailer relationships adds value in countless ways, allowing us to grasp both the potential and pitfalls of retail and mixed-use properties.

NET LEASE INVESTMENTS

PREP’s Net Lease Investments division acquires well-located, primarily non-institutional grade, single tenant net leased retail properties throughout the United States. The team aims to acquire a diverse mix of tenant credit, uses, and geographies including auto parts, convenience stores, pharmacies, casual dining, quick service restaurants, banks, junior, mid, and big box retail, dollar stores, and medical uses in active retail markets. Our team benefits from PREP’s fully-integrated operating platform for acquisitions, dispositions, development, redevelopment, leasing and property management. Our focus is to identify sites with strong real estate fundamentals and improve the leases, terms or creditworthiness creating value in the assets and the portfolio.

Property Management

Ellen Prows
Senior Director of Property
Management
Office (513) 288-9130

Michelle Devlin
General Manager,
The Shoppes at Parma
Office (513) 824-7135

Ed Callahan
General Manager,
Hanover Crossing
Office (781) 826-7386

Matt McCombs
General Manager,
Shadow Lake Towne Center
Office (402) 537-0046

Rolando Albino
General Manager,
Posner Commons
Office (407) 664-5811

Legal

Vivian Knight
Vice President of Legal Services
Office (513) 619-5045

Meagan D. Webb
Director of Legal Services
Office (513) 906-6314

Kendra W. Bowers
Real Estate Attorney
Office (435) 602-4718

Careers

The continued growth of our company creates employment opportunities in every field of the retail real estate industry. Our employees are the heart of the organization, and we are committed to hiring, developing and keeping the best retail real estate pros in the business. Our current positions available are listed below.

General Manager/Property Operations - Cedar Hill, Texas

Due Diligence Manager- Park City, Utah

Staff Accountant- Cincinnati, Ohio

Marketing & Events Coordinator- Papillion, Nebraska