WASHINGTON, D.C. – April 29, 2025 – PRP, a real estate investment management company headquartered in Washington, D.C., announced today that it has formed an Advisory Board to assist the company’s management team as PRP continues to expand its platform. The initial members of the Advisory Board are Scott Brown, Denise Olsen, and Caleb Kramer.
Mr. Brown is the founder and CEO of Fulcrum Global Investors. He has been a successful real estate investor and developer since 1984. Prior to founding Fulcrum Global Investors, Mr. Brown was global president and chief executive officer of Cornerstone Real Estate Advisors (formerly Barings). When he joined Cornerstone in 2014, the firm had $42 billion in assets under management (AUM) with one dominant region (the U.S.). By the time he departed in 2019, Cornerstone’s AUM had exceeded $57 billion, the European business was established, and the Asia-Pacific real estate business had been launched. Under Mr. Brown’s leadership, Cornerstone became one of the only truly four-quadrant global real estate investment managers in the world. He serves on the board of NAREIM, is NAREIM Treasurer, and previously served on the board of NCREIF. He holds a bachelor’s degree in economics from the University of Massachusetts Amherst, a master’s degree in real estate development from Columbia University, and the CFA Charter.
Ms. Olsen is a seasoned public company board member and accomplished business-building executive with over 30 years of experience in the investment management industry across private and public markets, including real estate, data infrastructure, credit, and liquid alternatives. She currently serves on the board of First Industrial Realty Trust (NYSE: FR) and on the Investment Advisory Committee of The Harry and Jeanette Weinberg Foundation. Previously, she was a board member of CyrusOne, Inc. (Nasdaq: CONE), which was sold to KKR and GIP in a $15 billion public-to-private transaction in 2022. Ms. Olsen spent over two decades at GEM Realty Capital, where she led business development and capital formation activities and served as a longstanding member of the investment committee. Earlier, she held investment roles at JMB Realty Corporation and EVEREN Securities. Ms. Olsen earned a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania.
Mr. Kramer most recently served as portfolio manager at Oaktree Capital Management, LP, an asset management firm based in London with global operations. In this role, he managed the firm’s European distressed-for-control and special situation private equity investments. He joined Oaktree in 2000 as managing director of Principal Funds and was promoted in 2005. Mr. Kramer began his career in finance at Merrill Lynch and as an associate in mergers and acquisitions at Dillon Read & Co., Inc. He later worked at Archon Capital Partners before co-founding his own private equity investment firm, Seneca Capital Partners, LLC. Mr. Kramer also served on the board of directors for Campofrio Food Group, SA, from 2008 to 2013. He holds a bachelor’s degree in economics from the University of Virginia.
Paul C. Dougherty, president of PRP, stated, “We are thrilled to have Scott, Denise, and Caleb join our Advisory Board. Each brings tremendous experience and success in real estate and investment management, complementing our executive team as we navigate an ever-evolving and complex real estate and capital markets landscape. Their extensive leadership experience, including service on the boards of publicly traded REITs and private companies, will enhance our strategic efforts to build value for all of PRP’s stakeholders. We are honored to have these individuals as part of our growing PRP team and look forward to their counsel.”
Ferguson Partners, a firm specializing in board and executive recruitment in the real estate industry, advised PRP in this recruitment effort. PRP was represented by Bill Ferguson and Michelle Goldstein of Ferguson Partners.