Foulger-Pratt has sold the third and final piece of an 1,100-unit Prince George’s County apartment portfolio. The Potomac-based development firm sold the 404-unit Pennbrooke Station apartments in District Heights Wednesday to Bethesda-based Dragone Realty Investments for $47.5M. Berkadia Director Jonathan Pratt arranged financing for the buyer, securing a $48.6M bridge loan from PCCP that DragoneContinue reading “Foulger-Pratt Sells Prince George’s County Apartments For $48M”
Monthly Archives: March 2019
Foulger-Pratt reveals new name, time frame for Discovery remake
Foulger-Pratt plans to kick off its roughly $15 million renovation to Discovery Inc.’s Silver Spring headquarters this summer as the building’s namesake tenant moves to its new home in New York. Discovery (NASDAQ: DISCA) began moving out of One Discovery Place about two months ago, and its lease at the 550,000-square-foot office building expires atContinue reading “Foulger-Pratt reveals new name, time frame for Discovery remake”
Foulger-Pratt Names New Partners As It Goes Through Another Generational Shift
A new generation is taking the reins at Foulger-Pratt. The Potomac, Maryland-based real estate company told Bisnow Wednesday it is transitioning management and majority ownership to Cameron Pratt, Bryan Foulger, Brigg Bunker and Peter Ognibene. The four will serve as managing partners and members of the board of directors. Cameron Pratt will lead the company as CEOContinue reading “Foulger-Pratt Names New Partners As It Goes Through Another Generational Shift”
FOULGER-PRATT ANNOUCES NEW OWNERSHIP AND MANAGEMENT
POTOMAC, MD (3/13/19) — Foulger-Pratt Companies is pleased to announce the formal transition of management and majority ownership to Cameron Pratt, Peter Ognibene, Brigg Bunker, and Bryan Foulger. As part of its’ decade long succession plan, this transition follows the pattern of succession established more than 30 years ago when founder Sid Foulger transitioned managementContinue reading “FOULGER-PRATT ANNOUCES NEW OWNERSHIP AND MANAGEMENT”