President – Real Estate Management
Phil has national oversight for all aspects of asset management, property management and construction management for PRP’s multifamily investments. He serves as a member of PRP’s Investment Committee.
Phil has more than 25 years’ experience in multifamily, including key positions in acquisitions, development, asset management, construction management and finance. Throughout his career, Mr. Pitney has acquired apartment assets totaling $2.2 Billion, redeveloped and constructed over $790 Million in project value, and disposed of $650 Million in assets.
Prior to joining PRP in 2011, Phil was Vice President of CompassRock Real Estate, LLC where he was responsible for the construction management business unit as well as acquisition-redevelopment opportunities. Before CompassRock, Mr. Pitney was the Chief Operating Officer at Stellar Advisors/Stellar Realty Management, Inc., where he was responsible for construction and property management, acquisitions and development, and formed the construction management business unit, growing the division to over $1.65 Million in third party fees in the first two years of operation.
Prior to his position at Stellar, Phil was President of Lane Strategic Investments, where he led acquisitions, due diligence, renovation and construction. Phil was responsible for $220 Million in primarily value-add acquisitions. Before joining Lane, Mr. Pitney was a Vice President of the East Coast Division at Fairfield Residential, where he oversaw asset management, implementation of asset business plans, and $2.8 billion in acquisitions and dispositions including portfolio acquisitions, construction, tax credit conversions and $280 million of redevelopment. Phi has held previous positions at BRE Properties, Inc., Simpson Housing L.P. and Security Capital Pacific Trust.
Phil received his BA in Economics and Business from Westmont College. He also holds a Real Estate Management certification from The Center for Real Estate Enterprise Management and holds a IIA designation as a Charter Property Casualty Underwriter.