What Prospect Hill does

ProspectHill Group (PHG) is a private real estate investment and operating firm founded in 2013 by Greg Hartman and Ian Pihl, headquartered in San Francisco at 235 Montgomery Street, Suite 1130. The firm originates, structures, and manages deep value-add real estate investments, typically taking controlling general partnership interests in assets located in gateway markets. Since inception, PHG has completed 25 investments with an aggregate gross asset value exceeding $3.5 billion across five markets — the SF Bay Area, Hawaii, Greater Denver, Greater Dallas, and Greater Los Angeles — plus a special-situations presence in London through its partnership with Greycoat PLC.

PHG operates with a private equity mindset, combining direct investing with a co-investment model in which the firm deploys substantial personal capital alongside institutional partners. The firm's in-house operating capabilities span leasing, construction, finance, and reporting, and its product surface is diversified across multiple asset classes including office, multifamily, industrial, and hospitality. Notable investments include approximately $500 million in SF Bay Area assets (partnered with SKS), roughly $900 million in two Hawaii hospitality assets, a $100 million Denver multifamily portfolio (initiated in mid-2020), and a 575-acre master-planned industrial park in South Dallas (acquired 2022) capable of accommodating over 6 million square feet.

PHG has no proprietary technology platform, software product, or AI/ML capability — it is a deal-driven real estate investment shop rather than a technology-enabled business. Revenue is generated through investment returns on direct real estate holdings and asset-management economics tied to co-investor capital. The firm serves a single customer segment: institutional capital partners seeking co-investment exposure to deep value-add opportunities managed by an experienced operator. The team is small (1–10 employees) and includes senior operators such as Mark Igou (formerly Managing Director at SOM) and analyst Ed Reeves, supporting a lean operating model.

Name

Prospect Hill

Legal name

PROSPECTHILL GROUP LLC

Website

https://prospecthillgroup.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

ProspectHill Group is a private real estate investment firm founded in 2013 that originates, structures, and manages deep value-add real estate investments across five gateway markets for institutional capital partners via a co-investment model.

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain

Revenue model

1. Real Estate Investment Returns: PHG generates returns through direct investing in real estate assets with controlling stakes in general partnership interests, targeting deep value add opportunities in gateway markets. Returns are realized through asset appreciation, operational improvements, and eventual disposition.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

ProspectHill Group is a private real estate investment and operating firm that originates, structures, and manages deep value-add real estate investments in gateway markets. The firm typically takes controlling general partnership interests and co-invests substantial personal capital alongside institutional partners, providing in-house capabilities across acquisition, leasing, construction, finance, and reporting.

Product overview

ProspectHill Group is a private real estate investment and operating firm, not a technology product company. The company operates as a single unified offering focused on real estate private equity investing. Their investment activities span multiple product types and strategies including Direct Investing (SF Bay Area, Hawaii, Greater Denver, Greater Dallas) and Special Situations (London via Greycoat PLC partnership, Los Angeles via GPI Companies partnership). The company does not offer a technology product, platform, or software service.

Differentiator

Problem solved

Functional benefit

Products and services

• Direct Investing PHG's primary investment strategy in which the firm originates, structures, and manages deep value-add real estate opportunities in gateway markets, taking controlling GP interests and bringing in-house expertise across leasing, construction, finance, and reporting for institutional co-investment partners.
• Special Situations PHG's secondary investment strategy in which the firm accesses opportunities and strategies in markets where it has expertise but limited local presence by participating through other platforms, investing and assuming active board member roles.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and historical.

• SKScoreStrategic or Co-development Partner · 1 January 2013PHG partnered with SKS to acquire and redevelop assets with gross valuation of approximately $500 million in the SF Bay Area. These investments reflect conviction for opportunities in exceptional locations with technology demand generators and assets with timeless bones.
• Greycoat PLCcoreStrategic or Co-development Partner · 1 January 2013PHG has an ongoing partnership with Greycoat PLC, a leading Central London developer and operator which has acquired assets with gross valuation of approximately £2.5 billion since 2013. The partnership focuses on London's gateway market investments, which PHG considers the world's preeminent global gateway market.
• GPI CompanieshistoricalStrategic or Co-development Partner · 1 January 2013From 2013 to 2015, PHG participated with GPI Companies in the acquisition of eight assets with gross valuation of approximately $500 million located in dynamic infill markets within Greater Los Angeles. The partnership focused on markets benefiting from entertainment, defense, technology and healthcare industries.

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Kennedy Wilson: Global real estate investment company with value-add and opportunistic strategies across US, UK, and Ireland. Comparable to PHG in real estate PE approach, gateway market focus (including UK), and value-add execution across multiple property types.
• Starwood Capital Group: Major global real estate investment firm focused on value-add and opportunistic strategies across multiple property types and geographies. Comparable to PHG in core PE-style real estate investing, gateway market focus, and institutional co-investment model.
• Rockpoint Group: Boston-based real estate private equity firm where PHG founder Greg Hartman served as founding managing member from 2003-2013, deploying billions across value-add gateway market strategies. Closely comparable to PHG in institutional partnership model, value-add approach, and team structure.
• Westbrook Partners: Global real estate investment firm where Greg Hartman spent seven years ultimately overseeing western US activities. Closely comparable to PHG in real estate PE strategy, institutional capital base, and value-add approach across major US markets.
• Embarcadero Capital Partners: San Francisco-based real estate investment firm where PHG co-founder Ian Pihl previously served as Vice President of Acquisitions. Directly comparable in West Coast RE PE focus, value-add strategy, and institutional capital model.
• Greycoat PLC: PHG's core London partner since 2013 and leading Central London developer and operator, with approximately £2.5B in gross asset value across acquired assets. Directly comparable in Central London value-add strategy, institutional capital alignment, and gateway market specialization.
• Crow Holdings Capital: Dallas-based real estate investment firm where PHG associate Ed Reeves previously served as Associate and Head Analyst for the Retail Fund Series. Comparable in RE PE strategy, value-add approach, and institutional capital structure.

Broad incumbents

• Brookfield Asset Management: Large alternative asset manager with significant global real estate operations. Comparable to PHG in real estate PE/operating approach and gateway market focus, but operates at vastly larger scale across multiple alternative asset classes including infrastructure and renewables.
• TPG Real Estate Partners: Real estate investment platform within TPG's alternative asset management franchise. Comparable to PHG in real estate PE value-add strategy and institutional partnership model, but operates as part of larger diversified alternative investment firm.
• Blackstone Real Estate: Largest global real estate PE platform within Blackstone's broader alternative asset management franchise. Comparable to PHG in real estate PE strategy and gateway market focus, but operates at much larger scale with multiple fund vehicles and strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/prospecthill-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prospect Hill