Press Release – For Immediate Release
PRG Investments
Louisville, KY (June 16, 2011) – PRG Investments (“PRG” or the “Firm”) is pleased to announce that Reed Weinberg has become an equity partner with the Firm. Additionally, Reed will be serving in his new role as President of PRG, overseeing all aspects of the Firm’s brokerage and investment operations. PRG founder Fred Sutterlin will assume a new role as Chairman and CEO overseeing the strategic direction of the Firm and new business development initiatives.
“PRG is a strong and vibrant Firm which has benefited from the unique strength and character of our new partner and President, Reed Weinberg. We successfully managed the Firm through very challenging economic conditions brought on by the U.S. financial markets crisis. We have emerged as a stronger, more profitable Firm, a top performing full service investment and brokerage services real estate company. I am excited about our new defined roles and efficiencies, and the additional services and platforms which we will deliver to our valued clients.” Sutterlin said.
The executive team at PRG, after thoughtful planning aimed to better serve its clients, investors and strategic partners, has implemented an enhanced business model within the Firm which will enable PRG to pursue growth opportunities, expand its team by recruiting experienced commercial real estate professionals, provide a higher quality of deliverable services, and achieve further diversification of business lines which will create value for our clients looking to build and preserve wealth and value through real estate.
In addition, PRG is pleased to announce its strengthened alliance with its joint venture partner All Trade Service Solutions, LLC (“All Trade”), a full service property management firm based in Louisville, KY. “PRG and its clients have benefited greatly from our long standing strategic partnership with All Trade. We are pleased to be moving forward with this meaningful partnership, combining our organizations in a way that further solidifies and leverages our synergies and enhances our real estate services and capabilities.” Sutterlin said.
Reed Weinberg
President
reed@prginvestments.com
502. 365. 3840 ext. 30
Fred Sutterlin
CEO & Chairman
fred@prginvestments.com
502. 365. 3840 ext. 26