DALLAS—Prescott Realty Group is expanding its strategic brand to not only include real estate investment, development and management, but also institutional investor relations with the recent hire of experienced institutional fundraiser, Richie Butler. Butler will serve as managing director, assisting Prescott in growing its base of institutional investors and leading the firm's fundraising strategy and capital markets relationships. Butler will also leverage his experience in acquisitions to assist Prescott source off-market deal opportunities.

This strategic new hire coupled with Prescott's operational, investment track record and pipeline of new investments makes it a great candidate for institutional investors. The recent addition of Butler demonstrates Prescott's commitment to growing this aspect of its business and gives the firm a competitive advantage with its dedication of resources to this service line.

“Prescott has a proven track record of generating returns for institutional investors, and Richie will lead the effort of getting our team and our performance in front of investors,” said Jud Pankey, CEO of Prescott. “We believe Prescott's strategy of pursuing urban and TOD projects in public/private partnerships will be especially appealing to institutional investors. This is an investment into the future of Prescott as well as an affirmation of the firm's strategy of urban, TOD and public/private partnerships.”