Investing with discipline. Operating with purpose.
Since co-founding Prestige Properties in 1998, Mitch Painter has focused on acquiring and operating real estate with a long-term perspective.
Prestige Properties is vertically integrated, bringing acquisitions, property management, renovations and asset management together in one organization. That structure gives the company clear visibility into how each property performs and keeps it closely involved in every investment.
Investment philosophy
Buy with discipline
Good investments begin with understanding the property, its market, its operating performance and its risks.
Create value through operations
Performance depends on more than the purchase: effective management, thoughtful improvements and attention to residents all matter.
Build long-term relationships
Trust, reliability and consistency underpin every relationship with sellers, lenders, employees, partners and investors.
Take a long-term perspective
Meaningful value often comes from patience, disciplined execution and looking beyond short-term market conditions.
Invest in people
Strong businesses are built by talented teams who take ownership, communicate well and deliver results.
Business snapshot
- Founded
- 1998, Cincinnati, Ohio
- Co-founders
- Mitch and Matt Painter
- Apartments owned
- Approximately 1,000
- Transactions
- More than 1,500 since 1998
- Projects and acquisitions
- More than $250 million since 1998
- Real estate owned today
- Approximately $100 million
- Operations
- Acquisitions, property management, renovations and asset management in-house
