Everything Retail

About Us

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.


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.


PREP’s Net Lease 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.


Led by an executive team with decades of experience in all aspects of retail acquisition, finance, development, leasing and operations,

PREP is masterfully guided and poised for continued success.

Michael C. Phillips
Partner, Chief Executive Officer

Sara J. Brennan
Partner, Chief Operating Officer

Our Team


Chris Phillips
Vice President of Investments, Net Lease
Office (801) 415-4365

Jason Jarchow
Director of Transactions, Net Lease Strategies
Office (513) 338-2739

Corporate Marketing/Public Relations

Michelle Devlin
Director of Corporate Leasing & Marketing
Office (513) 824-7135

Finance/Asset Management

David Schorsch
Vice President of Asset Management
Office (513) 746-2612

Juli Elston
Vice President of Finance
Office (435) 602-4730

Human Resources

Joe Kindt
Vice President of Human Resources
Office (435) 602-4729

Investor Relations

Tim Brennan
Vice President of Fund Management
Office (310) 424-8563

Michael Miller
Director of Investor Relations
Office (435) 602-4721


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


Lloyd Sova
Vice President of Development
Office (513) 746-2593


Corporate Leasing

Numa Jerome
Vice President of Leasing
Office (513) 906-6304

Michelle Devlin
Director of Corporate Leasing & Marketing
Office (513) 824-7135

Hanover Crossing
Lisa Butler
Regional VP Leasing
Office (617) 733-0397

Posner Commons
Gavin Walsh
Office (407) 788-0543

Shadow Lake Towne Center
Danielle Lowry
Access Commercial, LLC
Office (402) 690-2488

Hillside Village
Ryan Smith
Venture Commercial Real Estate
Office (602) 284-7294

Aurora City Place
Courtney Key
Sullivan Hayes Brokerage
Office (303) 534-0900

Property Management

Ellen Prows
Vice President, Property Management
Office (513) 288-9130

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

Renee Tims
General Manager,
Hillside Village
Office (972) 637-6300

Leah Older
General Manager,
Aurora City Place
Office (801) 983-6316


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.