PREP Property Group PREP

PREP Property Group PREP is a vertically-integrated real estate company located in Park City, Utah. The company employs 53 people and generates approximately $7 million in annual revenue. Founded by Michael C. Phillips, co-founder of Phillips Edison & Company, PREP builds upon the legacy of Phillips Edison’s strategic and net lease real estate divisions. PREP specializes in transforming struggling retail real estate assets. Their focus lies in repositioning lifestyle centers, power centers, and enclosed malls that suffer from under-management, lack of capital, poor merchandising strategies, or distress. In addition, PREP acquires and manages well-positioned, triple-net retail properties from non-institutional sellers, adding value through lease restructuring or tenant upgrades. With a history rooted in successful real estate ventures, PREP brings expertise and innovation to the challenging retail landscape, aiming to revitalize properties and maximize their potential. For more information about PREP Property Group PREP and their services, please visit their website at www.preppg.com or call their toll-free number at 844-877-4153.