Creating

Places

Choose

Physical spaces still matter.

Physical

spaces

matter.

PRCP invests in and transforms retail and mixed-use places into vibrant destinations, where people, brands & communities thrive together.

The U.S. Retail Opportunity

Retail has changed.

So has the investment proposition.

U.S. retail is entering a new equilibrium, with tighter supply, stronger fundamentals, and a reset cost basis creating compelling risk-adjusted opportunities.

Then Now
Excess supply
Limited new retail supply
Structural tenant disruption
Stronger surviving retailers
Department-store decline
Improving occupancy
Over-leverage
More disciplined tenant expansion
Heavy redevelopment assumptions
Reset asset basis
Low cap rates / expensive basis
Higher going-in yields
Selective capital investment
Our Strategy

The U.S. Retail Opportunity

The fundamentals REMAIN.

The role of retail has EVOLVED.

The measures of relevance have expanded.

Read more

INVESTMENT FUNDAMENTALS

What makes the asset fundamentally sound.

NEW MEASURES OF RELEVANCE

What tells us whether the asset will remain relevant.
Population and household growth
Visitor profile
Household income
Visit frequency
Competitive position
Dwell time
Accessibility and infrastructure
Cross-shopping
Trade-area depth
Daytime activity
Tenant productivity
Customer mix
Occupancy cost
Community engagement
Market share
Tenant / city alignment

The fundamentals tell us where the asset is today.

Behavior tells us where it can go next.

INVESTMENT FUNDAMENTALS

What makes the asset fundamentally sound.

NEW MEASURES OF RELEVANCE

What tells us whether the asset will remain relevant.
Population and household growth
Visitor profile
Household income
Visit frequency
Competitive position
Dwell time
Accessibility and infrastructure
Cross-shopping
Trade-area depth
Daytime activity
Tenant productivity
Customer mix
Occupancy cost
Community engagement
Market share
Tenant / city alignment

The fundamentals tell us where the asset is today.

Behavior tells us where it can go next.

Institutional Scale.

Local Operating Intelligence.

The scale to perform.

The local insight to remain relevant.

Owner/ Capital relationships.

Transaction souring.

Direct market intelligence.

PRCP operates across major U.S. markets and a range of retail and mixed-use asset types. Our national scale gives us visibility into retailer strategy, consumer behavior, capital requirements, and operating trends. At the same time, our asset-level teams remain deeply connected to the local markets and communities each property serves.
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RETAILER RELATIONSHIPS

An Integrated Platform

Six disciplines.

One return
strategy.

One platform. Multiple levers. Compounding value.

Start a Conversation.

Tell us how you’d like to engage, and we’ll connect you with the right team.

 

Investment & Capital

Opportunities, partnerships, and capital inquiries
[email protected]

Leasing & Retail

Tenant inquiries, leasing opportunities

[email protected]
[email protected]

Development & Partnerships

Joint ventures, redevelopment opportunities

[email protected]

[email protected]

General & Media

Press, general inquiries,
and other requests

[email protected]
[email protected]

Corportate Headquarters

2029 Century Park East, Suite 1550

Los Angeles, CA 90067

[email protected]
310.641.8060

INVESTMENT FUNDAMENTALS

What makes the asset fundamentally sound.

NEW MEASURES OF RELEVANCE

What tells us whether the asset will remain relevant.

The fundamentals tell us where the asset is today.

Behavior tells us where it can go next.

Contact