Prism Places Surges to $2.5 Billion in Assets
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Tuesday, April 23, 2024
LOS ANGELES , April 23, 2024 /PRNewswire/ -- Today, Prism Places, an innovative CRE management and investment firm, shares a milestone: its assets under management have surged to $2.5 billion in less than three years. Since launch in February 2021, Prism has quietly assembled a premiere portfolio of over 2.7 million square feet which includes high-quality, legacy properties in major markets; mixed-use new developments that are industry models; and challenged mall projects that demand operational precision and visionary redevelopment.
Key Points:
- LOS ANGELES , April 23, 2024 /PRNewswire/ -- Today, Prism Places , an innovative CRE management and investment firm, shares a milestone: its assets under management have surged to $2.5 billion in less than three years.
- The projects are united by a goal: to create "places with purpose" by embracing local culture, fostering community and generating extraordinary value for Prism's stakeholders.
- "We founded Prism to fill the void of great operators in today's market," said Stenn Parton, Prism's Founder and CEO.
- "I am proud of the Prism team and the amazing growth we have accomplished over the last three years.