PRS is a commercial real estate services and advisory firm
serving the needs of those who own or invest in high quality
office space.
At PRS we are committed to offering expert commercial real
estate advice, strategic leasing services,
and professional management
services which increase NOI and maximize profit upon
exit. We differentiate ourselves by focusing solely on
landlord/owner representation. With a proven track record of
successful leasing and asset management, we treat our clients' real
estate investments as if they were our own.
Experience
Strategic leasing and third party business development
efforts are led by Mark Preston, a respected deal maker in the
Houston market. Over his 35 year career, Mark has
successfully leased over 37 million square feet of high quality
office space. Nationally, PRS leases and manages 14 million
square feet of office space in 11 states. In Houston, PRS
manages and leases 2.3 million square feet of high quality
commercial office space.
History
PRS began in 1983 when its parent company, Parkway
Properties, Inc., a publicly traded real estate investment
company headquartered in Jackson, MS., established PRS as a real
estate service provider to both third-party clients and the
holdings of its parent company. Acting as a steward of
Parkway Properties' investment portfolio, PRS was obligated to the
shareholders of the company's publicly traded stock. To
ensure dividends were paid, PRS had to lease the REIT's holdings in
a way that provided the highest return for shareholders.
Today, we apply an owner mindset to our client portfolios,
providing intuitive asset consideration and executive level
strategic planning.
Value Creation
Whether we are repositioning an asset or portfolio in a local
market to maximize future income streams or determining how to
increase the net operating income of a 100% leased office building
through proven asset management, PRS continues to exceed the
investment objectives of our property owners.
PRS combines intuitive real estate acumen and hands-on
property-level oversight with a thorough understanding of the owner
mindset and creative deal structuring. The resulting effect is
superior income streams that accomplish our clients' long-term
objectives and exit strategy.
Quick Facts:
- Established in 1983
- Currently has 202 direct employees and over 60 supporting
employees in areas such as Human Resources, Information Technology
and Accounting.
- Manages and Leases 14 Million SF of office space in 11
States
- Manages and Leases 2.3 Million SF of office space in
Houston