PRIME MANAGEMENT COMPANY I, LLC

Thesis

Prime Management Company I, LLC, while not directly detailed, operates within the real estate investment and management sectors. The firm's investment thesis appears to focus on real estate, with a strong emphasis on multifamily properties, including ground-up development and value-add strategies. They also engage in commercial real estate, retail, office buildings, residential subdivisions, and mixed-use developments, with self-storage and single-family residential flipping also noted in related entities. Geographically, operations span across the United States, with specific mentions of Connecticut, Colorado, Nevada, Pennsylvania, and New York, and Prime Group Holdings also has a presence in Canada and Caribbean Islands. The strategy often involves a vertically integrated model, handling stages from land acquisition to property management, with some entities focusing on off-market sourcing. Related entities report significant AUM, with Prime Property Fund, LLC having an NAV of $26.7 billion as of December 31, 2020, and Prime Group Holdings reporting $7.5 billion in AUM. Prime Capital Investment Advisors (PCIA) has over $20 billion in assets under management. Prime Capital Management LLC's acquisitions in Philadelphia have an average observed purchase price of $53,250.