PREP Securities Expands Its Distribution Team
PREP Securities, LLC, the broker-dealer affiliate of PREP Property Group, is making significant strides in its growth strategy by expanding its distribution team. The firm has recently welcomed several senior professionals who bring a wealth of experience to the table. This initiative aims to bolster its capacity to raise capital effectively for offerings sponsored by PREP Property Group.
New Additions to the Team
Among the key hires is Angela Clakley, who joined PREP Securities as the associate vice president for internal sales, focusing on the Central and Midwest regions. Angela comes to the team with over thirty years of experience in financial services, including nearly two decades spent in alternative investments. Her track record includes associations with prominent firms such as Hines and Hartman. As part of her new role, she will collaborate closely with Regional Vice President Bill Auble. Tim Brennan, the head of fund management at PREP, expressed excitement over Angela's addition, stating that her extensive experience makes her well-prepared to contribute to the team immediately.
Mark Wander and Reggie Cabral Join Forces
Additionally, PREP Securities has brought on board the dynamic duo of Mark Wander and Reggie Cabral. Mark serves as the regional vice president, while Reggie holds the position of associate vice president in internal sales. Mark carries decades of experience from retail securities service and a strong background in wholesaling financial products, particularly within the real estate alternative investment sector. With a similar tenure in the field, Reggie has amassed over fifteen years dedicated to real estate-related alternative investments and will work alongside Mark to cover the Eastern territories for PREP.
About PREP Property Group
The foundation of PREP Property Group is built on a forward-thinking approach towards real estate management and investment. The company was co-founded by Michael C. Phillips, a notable figure from Phillips Edison & Company. Their mission centers on revitalizing retail real estate, focusing on lifestyle centers, power centers, and underperforming malls that need strategic management and investment. The company’s Net Lease division is tasked with acquiring well-positioned retail properties that provide diverse investment opportunities across various sectors including auto parts, convenience stores, pharmaceuticals, and more. By integrating acquisitions, leasing, property management, and redevelopment into one cohesive platform, PREP ensures its investors reap maximum benefits from these strategic endeavors.
Investor Benefits and Strategic Focus
PREP’s operational model is designed to create substantial value through identification and enhancement of retail property assets. The Net Lease division specifically aims to identify properties with robust real estate fundamentals. By improving lease agreements and focusing on tenant creditworthiness, PREP strives to elevate the overall value of its portfolio. Investors find reassurance in PREP's comprehensive approach—managing every step from acquisition to property management ensures a streamlined process that is beneficial to all stakeholders involved.
Contact Information
If you wish to reach out for further details regarding PREP Securities, you can contact Tim Brennan, who is readily available to discuss insights and strategies at PREP Property Group.
Frequently Asked Questions
What is PREP Securities known for?
PREP Securities is known for its focus on raising capital through broker-dealer affiliates, especially in the real estate and alternative investment sectors.
Who are the recent key hires at PREP Securities?
Angela Clakley, Mark Wander, and Reggie Cabral are the notable additions to the distribution team aimed at enhancing operational capabilities.
What does PREP Property Group focus on?
PREP Property Group focuses on transforming and managing retail real estate, particularly in revitalizing underperforming properties.
How does PREP ensure value for its investors?
By integrating various operations—from acquisitions to leasing and property management—PREP creates strong value propositions for their investors.
Can I get in touch with PREP Securities for more information?
Yes, you can contact Tim Brennan at PREP Property Group for inquiries related to their services.
