Brown Realty, Inc.
Chief Executive Officer and Director
John M. Prugh
Firm. Alex. Brown Realty, Inc. is a privately-owned
real estate investment manager organized in 1972
and headquartered in Baltimore, Maryland. ABR
co-invests with clients and joint venture partners
in properties located throughout the United States.
Employees of ABR currently own approximately one-third
of the company; the balance of the stock is owned
by individuals and family-office investors.
Employees. ABR is managed by an experienced
group of professionals with skill sets in such
diverse disciplines as property management, construction,
engineering, asset management, finance, law, accounting,
information systems and strategic planning. ABR's
executive officers average more than 22 years
of tenure with the firm.
Investment Strategy. ABR focuses on value-added
investments requiring development, redevelopment,
rehabilitation, repositioning or financial restructuring
in mid-size properties, typically requiring an
equity commitment of $3-10 million, with total
costs generally between $10-30 million.
Clients. ABR’s clients include
private and public pension plans, endowments and
foundations, family offices, and other high net
worth investors. Many of ABR’s shareholders
and members of its board of directors invest regularly
in ABR sponsored funds.
Joint Venture Partners. ABR invests almost
exclusively through strategic alliances with local
and regional real estate developers, operators,
and managers -- joint venture partners who are experts
in their own markets, permitting ABR and its clients
to invest in a broad spectrum of property sectors
and a wide variety of geographic areas.