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PREP Property Group

PREP Property Group

Investorcompany

Member since June 2025

Michael C. Phillips
Website
Website

$215M

Volume

$134M

Sold

$81M

Financed

1

Closed

2M sf

Area
AI SummaryBeta

PREP Property Group has a volume of $215M and specializes in retail assets. Recently, they closed a $63.1M acquisition of Promenade At Casa Grande and secured an $81M loan for Hanover Crossing.

AI-generated from Traded deal data. May contain errors.

About

PREP Property Group is a vertically-integrated real estate company founded by Michael C. Phillips, co-founder of Phillips Edison & Company. The firm specializes in transforming retail real estate assets, focusing on repositioning lifestyle centers, power centers, and enclosed malls that are under-managed or distressed.

Top Deals

FINANCED
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Michael C. Phillips Of PREP Property Group Secures $81M Loan From J.P. Morgan Chase For Hanover Crossing
Massachusetts | Retail | PPSF: $135
Michael C. Phillips
02/11/2026
SOLD
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Joseph Sanz Of Orion Real Estate Group Acquires Retail Asset In Davenport For $63.5M
Florida | Retail | PPSF: $86
Joseph Sanz
Whitaker Leonhardt
Brad Peterson
+ 2
06/10/2025
SOLD
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Michael C. Phillips Of PREP Property Group Acquires Promenade At Casa Grande For $63.1M
Arizona | Retail | PPSF: $134
Michael C. Phillips
Mark Kalkus
10/28/2026
SOLD
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Barbara Wong Purchases Retail Asset In San Antonio From PREP Property Group For $6.93M
Texas | Retail | PPSF: $829
Matthew Mousavi
Patrick Luther
Jake Prater
08/27/2025

Focus

Retail

Sale

Markets

Headquarters

2750 Rasmussen Rd

On the web

Website

LinkedIn

FAQs

PREP Property Group has financed 1 deal.

PREP Property Group's most recent deal was on June 10, 2025.

PREP Property Group's largest deals include a sale of $63,500,000.00 for Highway 27 .
Member since: June 2025

Deals

SOLD

Michael C. Phillips Of PREP Property Group Acquires Promenade At Casa Grande For $63.1M

$134/SF

1005 North Promenade Parkway, Casa Grande, AZ

AZCRE
Michael C. Phillips
Mark Kalkus
Oct 28, 2026
FINANCED

Michael C. Phillips Of PREP Property Group Secures $81M Loan From J.P. Morgan Chase For Hanover Crossing

$135/SF

1775 Washington Street, Hanover, MA

MACRE
Michael C. Phillips
Feb 11, 2026
SOLD

Barbara Wong Purchases Retail Asset In San Antonio From PREP Property Group For $6.93M

$829/SF

5435 North Loop 1604 West, San Antonio, TX

TXCRE
Matthew Mousavi
Patrick Luther
Jake Prater
Aug 27, 2025
SOLD

Joseph Sanz Of Orion Real Estate Group Acquires Retail Asset In Davenport For $63.5M

$86/SF

CRE
Joseph Sanz
Whitaker Leonhardt
Brad Peterson
Jun 10, 2025