Contact: Mr. Thomas R. Burton, Senior Managing Director
Baltimore, MD – July 2021
Alex. Brown Realty (“ABR”) announces the retirement of John M. Prugh as its Chairman, after 43 years at the company. Mr. Prugh will continue to serve as a senior advisor to ABR. As previously announced, Mr. Prugh has been succeeded by Thomas R. Burton and Edward P. Nordberg, Jr., who will co-head the company as senior managing directors.
Alex. Brown Realty is an independent real estate investment manager specializing in value-add, opportunistic, and core-plus investments in the middle market. The firm was founded in 1972 by the partners of Alex. Brown & Sons, a Baltimore-based investment bank organized in 1800. Since the inception of the firm, ABR has acquired over $4 billion of assets, representing nearly 400 transactions. ABR has sponsored five real estate funds and is currently marketing its sixth fund. The firm is an SEC-registered investment advisor. www.abrealty.com