Today marks the launch of Pratum Companies, a national, integrated real estate firm, following Full Circle Real Estate Partners' acquisitions of Edgewood Management Corporation and Presidential Service Industries and the formation of FCRE Compliance and Leasing. Now powered by new leadership under CEO Shah Alam, Pratum has expanded its executive team with Steve Lainez as president of the commercial cleaning division and Adriana Ortega Diaz as president of the compliance and leasing consulting division.

Pratum brings together its 500+ employees to offer expanded services, including multifamily acquisitions and investment management. The Pratum leadership team has also enhanced its talent bench with key hires, including:

David McGuill, Executive Director of Operations

• As a former operations leader at Related and other national real estate firms, McGuill has thirty years of experience in multifamily property management and will provide comprehensive oversight of all property operations under Pratum’s property management division.

Giraud Payen, Manager, Acquisitions and Investment Management 

• Payen previously held roles at Clarion Partners, Cortland and Aegon Asset Management, serving in all key functions of institutional real estate, including asset management, acquisitions, portfolio management, and capital raising. Payen will oversee Pratum’s acquisition sourcing, underwriting and asset management activities. 

Jessica Brittingham, Director of Learning and Development

• With more than 11 years of experience in the real estate sector and a focus on full-service multifamily firms, Brittingham will oversee learning and development across all divisions of Pratum Companies, while shaping and designing the educational programming for the new Pratum Academy. 

“Pratum Companies is the realization of a personal, long-held vision of mine,” said Shah Alam, CEO of Pratum Companies. “We’re redefining what’s truly possible in multifamily as we combine 50 years of proven expertise with a new vision and enhanced talent bench to deliver comprehensive real estate management and consulting services. Our distinct business lines, which include third-party compliance and leasing consulting, will set a new industry standard by providing real estate firms and multifamily owners with unique access to our proven regulatory adherence and resident retention strategies. It’s a new approach and one that I hope spurs some much-needed innovation and collaboration in our space.”

Pratum operates 150+ multifamily communities totaling more than 15,000 apartment homes in eight states across the Mid-Atlantic and South Atlantic regions, including the District of Columbia. The national multifamily real estate company will provide comprehensive, integrated services with several distinct lines of business, including development and construction advisory services, multifamily property management, acquisition and investment, third-party compliance and leasing consulting and commercial cleaning. 

The inception of Pratum is the result of a series of strategic acquisitions led by Alam, a driving force in the multifamily industry whose previous leadership experience includes serving in executive and senior management roles at Related, Edgewood Management and AIMCO. In October 2020, Alam purchased Presidential Service Industries with partner Steve Lainez. Alam later acquired Edgewood Management Corporation under Full Circle Real Estate Partners in August 2023 and formed FCRE Compliance and Leasing in August 2023 to pave the way for Pratum Companies. 

GAITHERSBURG, MD. – AUG 11, 2020 – Edgewood Management, the premier property management company in the northeast, today announced the start of preleasing for its new apartment community, Lineage at North Patrick Street, in Alexandria, Va.

Lineage, which is owned by the Alexandria Redevelopment and Housing Authority (ARHA), is a brand new four-story affordable housing community. The property features 52 apartment homes and a mix of one-, two- and three-bedroom floor plans.

The demand for affordable housing has increased exponentially during the current pandemic and economic downturn, making Lineage an incredibly important addition to the Alexandria market. Edgewood President and CEO Cindy Sanquist said the company is honored to help bring such a timely and high-quality affordable housing opportunity to the city.

“We’re privileged to partner with the Alexandria Redevelopment and Housing Authority on this exciting new affordable housing community,” Sanquist said. “The current need for affordable housing is urgent, and we’re delighted to be one step closer to increasing affordable housing availability in Alexandria with the start of preleasing on this project. Lineage at North Patrick Street is a truly impressive and important community, and we’re eager to bring it online.”

Wendy Simpson, Edgewood vice president of marketing, reported tremendous interest in Lineage right out of the gate.

“Our lease-up for Lineage launched with unprecedented velocity,” Simpson said. “In just the first five weeks, we have nearly met 50% of our overall lease-up goal, and the applications keep pouring in. It really speaks to the demand for not only affordable housing but the quality of living that Lineage residents will enjoy.”

Lineage is located at 625 N Patrick Street, just off the coastal George Washington Memorial Parkway, with quick connectivity to King Street and I-495. Access to public transportation is just steps away. The property is across the street from the Charles Houston Recreation Center and Alexandria Black History Museum, and within walking distance of the upscale dining and shopping opportunities in Old Town Alexandria. Local restaurants, coffee shops and groceries are all just beyond residents’ doorsteps, as well. Lineage also has easy accessibility to three waterfront parks – Oronoco Bay, Rivergate and Founders. 

Lineage is anchored by an enviable, pet-friendly onsite park, complete with vibrant landscaping. Resident vehicles reside within a controlled-access parking garage, and package arrivals are stored in a designated controlled-access room. A central elevator services all four floors.

Apartment homes range from 323-1,301 square feet and feature oversized windows for ample natural light. Kitchens include black GE energy-efficient appliances, brushed chrome fixtures and maple shaker cabinets. Eat-in breakfast bars highlight select homes. Hardwood-style flooring extends throughout living areas, while bedrooms and generous closet spaces are carpeted. All apartments include in-home washers and dryers, individually controlled heating and air conditioning, and come cable and internet ready. Roommate-style floor plans are available.

Move-ins are scheduled to begin in October.