Pratum Companies Launches as National, Integrated Real Estate Firm Following the Acquisitions of Edgewood Management Corporation and Presidential Service Industries and the Formation of FCRE Compliance and Leasing
GAITHERSBURG, Md., July 15, 2024: Today marks the launch of Pratum Companies, a national, integrated real estate firm, following Full Circle Real Estate Partners’ acquisitions of Edgewood Management Corporation and Presidential Service Industries and the formation of FCRE Compliance and Leasing. Now powered by new leadership under CEO Shah Alam, Pratum has expanded its executive team with Steve Lainez as president of the commercial cleaning division and Adriana Ortega Diaz as president of the compliance and leasing consulting division.
Pratum brings together its 500+ employees to offer expanded services, including multifamily acquisitions and investment management. The Pratum leadership team has also enhanced its talent bench with key hires, including:
David McGuill, Executive Director of Operations
- As a former operations leader at Related and other national real estate firms, McGuill has thirty years of experience in multifamily property management and will provide comprehensive oversight of all property operations under Pratum’s property management division.
Giraud Payen, Manager, Acquisitions and Investment Management
- Payen previously held roles at Clarion Partners, Cortland and Aegon Asset Management, serving in all key functions of institutional real estate, including asset management, acquisitions, portfolio management, and capital raising. Payen will oversee Pratum’s acquisition sourcing, underwriting and asset management activities.
Jessica Brittingham, Director of Learning and Development
- With more than 11 years of experience in the real estate sector and a focus on full-service multifamily firms, Brittingham will oversee learning and development across all divisions of Pratum Companies, while shaping and designing the educational programming for the new Pratum Academy.
“Pratum Companies is the realization of a personal, long-held vision of mine,” said Shah Alam, CEO of Pratum Companies. “We’re redefining what’s truly possible in multifamily as we combine 50 years of proven expertise with a new vision and
enhanced talent bench to deliver comprehensive real estate management and consulting services. Our distinct business lines, which include third-party compliance and leasing consulting, will set a new industry standard by providing real estate firms and multifamily owners with unique access to our proven regulatory adherence and resident retention strategies. It’s a new approach and one that I hope spurs some much-needed innovation and collaboration in our space.”
Pratum operates 150+ multifamily communities totaling more than 15,000 apartment homes in eight states across the Mid-Atlantic and South Atlantic regions, including the District of Columbia. The national multifamily real estate company will provide comprehensive, integrated services with several distinct lines of business, including development and construction advisory services, multifamily property management, acquisition and investment, third-party compliance and leasing consulting and commercial cleaning.
The inception of Pratum is the result of a series of strategic acquisitions led by Alam, a driving force in the multifamily industry whose previous leadership experience includes serving in executive and senior management roles at Related, Edgewood Management and AIMCO. In October 2020, Alam purchased Presidential Service Industries with partner Steve Lainez. Alam later acquired Edgewood Management Corporation under Full Circle Real Estate Partners in August 2023 and formed FCRE Compliance and Leasing in August 2023 to pave the way for Pratum Companies.
About Pratum Companies
With over 50 years of experience, Pratum Companies (Pratum) joins proven expertise with a forward-thinking mindset to deliver comprehensive real estate management and consulting services. Pratum operates 150+ multifamily communities totaling more than 15,000 apartment homes in eight states across the Mid-Atlantic and South Atlantic regions, including the District of Columbia. With award-winning expertise in multifamily property management and advisory services, acquisition and investment, third-party compliance and leasing consulting and commercial cleaning, Pratum and former companies have been recognized by Satisfacts as a Top Property Management Company for resident satisfaction in 2023 for nearly a decade and has also been named NAHMA’s Top 2024 Affordable Management Companies. For more information about Pratum Companies and its services, visit www.pratumco.com, or follow on LinkedIn.
For further information, please contact:
Logan Thompson
BCENE Public Relations