April 30, 2024

A Seasoned Professional Bringing Significant Real Estate Investment Experience to PRP

WASHINGTON, DC – APRIL 30, 2024. PRP, a real estate investment management company headquartered in Washington, DC, announced today that it has hired Matt Serenius as Director of Multifamily Acquisitions and Investments. In his new capacity, Mr. Serenius will spearhead the acquisition of multifamily investments for PRP’s balance sheet.

“We are excited to make this important strategic hire to further build upon our talented team as we embark on an interesting new phase of the commercial real estate cycle,” said Paul Dougherty, President of PRP. “Matt is an extremely accomplished commercial real estate professional, and we look forward to benefiting from his expertise as we navigate the evolving real estate investment climate here in the United States.”

Mr. Serenius commented, “PRP has an impressive investment history in multiple sectors, and a great following from some of the largest lenders and investors across the globe. I am excited to join PRP at this interesting time in our industry and look forward to leveraging my experience in the sector to take advantage of incredible buying opportunities in the coming cycle.”

Matt will be based in Washington, DC and will be responsible for growing PRP’s multifamily investment platform. Mr. Serenius brings 20 years of industry experience with $2.0 billion of multifamily assets closed across 40 transactions in major markets. Prior to PRP, Mr. Serenius ran the Washington, DC office for Akelius, assembling a 3,000 unit portfolio valued at over $1B, with full P&L oversight including the management of 80 employees. Prior to Akelius, Mr Serenius held acquisition and development roles at Fairfield Residential and Fore Property Company.


PRP is a real estate investment management company with a focus on mission-critical corporate headquarters facilities leased to investment-grade companies, logistic facilities, high-street retail properties, multifamily apartment communities, data centers and office properties. PRP’s portfolio of corporate headquarters facilities include the headquarters for Honeywell, Broadcom, Cencora/AmerisourceBergen, Pioneer Natural Resources and FedEx Office, and logistic facilities for Amazon, Lowe’s, Techtronics and VW. Founded in 2005, PRP executes value add strategies and asset manages a national portfolio of assets on behalf of its institutional investors, family offices and financial institutions. PRP manages its apartment investments through PRP REM, its property management subsidiary, which is solely focused on PRP’s portfolio of apartment properties. 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 invested in 56 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 PRPREI.COM.


Colleen Ramsey



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