A Seasoned Professional Bringing Significant Real Estate Investment Experience to PRP
WASHINGTON, DC – August 21, 2023. PRP, a real estate investment management company headquartered in Washington, DC, announced today that it has hired Tom Wasko as Director, Acquisitions and Investments. In this role, Mr. Wasko will be focusing on acquiring special situation and distressed 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. “Tom 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. Wasko 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 very interesting time in our industry and look forward to leveraging my experience in the sector to take advantage of what will certainly be an incredible buying opportunity in the coming cycle.”
Tom will be based in Washington, DC and will be responsible for helping to grow PRP’s distressed and special situation investment platform. Mr. Wasko brings to PRP 10 years and over $2.5 billion of transaction experience in commercial real estate. Prior to PRP, from 2018 to 2023, he served as an investment professional at a New York City based asset management firm, where he was a founding team member of a platform that acquired core and core-plus office and multifamily properties in various US markets. In 2014, Tom started his career as a capital markets professional at JLL where he executed over $1.6 billion in investment sale, equity placement and financing transactions for a range of product types, including office, multi-family, retail and mixed-use developments.
PRP is a real estate investment management company with a focus on value-add multifamily apartments, office and mission-critical corporate headquarters facilities leased to investment-grade companies on a long-term basis. 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 $5 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.