Our story began in 1998. Leveraging a roll-up strategy as an owner and operator of niche real estate assets, Prime Group’s CEO and Principal, Robert J. Moser, aggregated a sizable national portfolio, soon becoming the largest private owner of manufactured housing communities and recreational vehicle resorts in the U.S., in addition to a significant presence in self storage and multi-family assets. Since that time, Mr. Moser and Prime Group have accumulated over $10 billion of real estate assets.
Over the years, we have expanded and built strategic silos in various niche real estate asset types. Our growing stature in private equity real estate has led us to strategically and proactively create new opportunities for our company and for our investors. We have created a series of differentiated investment solutions focused on demographic-driven, need-based real estate assets.
Prime Group Holdings, LLC was formally founded in 2013 to better capitalize on our growing real estate portfolio. Since launching our first investment fund in 2015, we have sponsored and raised three funds with total capital commitments of approximately $3.7 billion. To date, Prime Group’s largest commingled private equity fund is Prime Storage Fund III, LP. At roughly $2.5 billion, Fund III is the largest self storage real estate fund ever raised by a vertically integrated owner-operator.