PRP, a real estate investment management company headquartered in Washington, D.C., announced that it has hired Jon McAvoy as CIO. In this role, McAvoy will oversee the company’s investment, development and asset management efforts across all sectors to grow PRP’s portfolio, including multifamily, net lease, data centers and special situations.
“We are excited to make this important and strategic hire to further build upon our talented team as we embark on an interesting new phase of the commercial real estate cycle,” said Paul C. Dougherty, president at PRP. “Jon is an extremely accomplished commercial real estate professional, and we look forward to benefiting from his expertise as we navigate the evolving real estate investment climate here in the United States.”
McAvoy will be based in Washington, D.C. He brings 24 years of industry experience, with more than $3 billion closed across more than 30 transactions. Prior to joining PRP, McAvoy was the CIO at
