Proven Experience

Prospect was founded in 1994 to capitalize on distressed office and retail property during the 1990's downturn. During that time, we acquired over
1 million square feet of commercial property from lenders and the FDIC at a fraction of replacement cost.

In 2002, Prospect acted early on opportunities in apartment-to-condo conversions, investing over $350 million in residential acquisitions and converting nearly 2,000 units to condominium ownership, yielding a 48% return to investors on projects completed to date. The firm wisely halted acquisition activity in mid-2005 as apartment cap rates were descending below economic viability due to 'irrational exuberance' in condo valuations.

Our management team comprises Mark Filburn, and Alex Walker. We have more than 100 years of combined vertical experience in leveraging development, asset management, construction, and sales expertise into enhanced asset value for our investors. Prospect is proud to sustain a distinguished 16-year track record with superior returns and zero failed developments.