WASHINGTON, DC – September 26, 2022 – PRP announced today that it has hired Matt McCoy as Managing Director of Net Lease Investments.
“We are excited to make this important strategic hire and further build upon our talented net lease team as we continue to grow our platform”, said Paul Dougherty, President of PRP. Matt is an extremely accomplished commercial real estate investor and corporate finance banker that has specialized in the net lease space for his entire career. We look forward to benefiting from his leadership and experience in this sector”.
PRP is a leader in corporate Net Lease investing, having invested in 27 Net Lease investments for over $3.5B in total capital invested, encompassing 12.5MM square feet of space.
Matt McCoy will be based in Washington and Charlotte, North Carolina and will be responsible for overseeing and growing PRP’s Net Lease investment platform. Mr. McCoy brings to PRP more than 25 years and $25 billion of experience in commercial real estate investments, capital markets, private equity and investment banking. Most recently, Mr. McCoy served Managing Director at Eastdil Secured. Prior to Eastdil, Mr. McCoy was President of the Stonemont Income Fund at Stonemont Financial Group, a diversified real estate investment manager. Immediately prior to joining Stonemont, Mr. McCoy served as Head of Corporate Net Lease Capital Markets at Wells Fargo Securities LLC.
PRP is a real estate investment management company with a focus on mission-critical logistics and corporate headquarters facilities leased to investment-grade companies on a long-term basis, investments in Opportunity Zones, investments in existing data centers and land zoned for data center use, value-add multifamily apartments and value-add office. Founded in 2005, PRP executes these strategies and asset manages a national portfolio of assets on behalf of its institutional investors, family offices and financial institutions. PRP has proven expertise in selecting and managing attractive risk adjusted real estate investments located in major markets throughout the United States. Since its formation, the company has acquired, developed or invested in over 50 assets with a value in excess of $6 Billion in all property sectors. PRP is privately held and is headquartered in Washington, DC. PRP is a creative buyer and seller of real estate and considers a variety of equity and debt investment structures. For more information on PRP, please visit www.prprei.com.
CONTACT: Colleen Ramsey, PRP, LLC, 202-741-8400,