PRP Real Assets Advisors is a Washington D.C.-based registered investment advisor established in 2025, specializing exclusively in real estate investment management. PRP operates as an affiliate of PRP LLC and is fully owned by Paul C. Dougherty. The firm focuses on value-added real estate strategies targeting sectors such as corporate net lease, office, multifamily, data centers, and logistic properties across major markets in the United States. PRP manages investments through privately offered pooled investment vehicles, serving institutional investors like pension funds, endowments, and foundations, as well as accredited high net worth individuals. The firm utilizes a fundamental, process-oriented investment approach focused on acquiring assets at discounts, correcting distressed capital structures, and executing flexible business plans. PRP maintains discretionary authority over the assets it manages and does not participate in wrap fee programs.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.50% |
Management fee equals 1.5% of commitments during the investment period and 1.5% of invested capital thereafter. Performance fees generally equal 20% of distributions after return of capital. Fees are generally non-negotiable at the fund level, though side letters may apply for certain investors.