Since January 2025, Pratum has expanded into Arkansas, Kansas, Mississippi, Ohio, Oklahoma and Texas, as part of a broader strategy to extend its footprint in underserved and high-growth markets.  The company now manages an additional 2,949 units across the country, totaling more than 13,000 apartment homes in its portfolio. 

Pratum’s national expansion is powered by a series of new strategic partnerships with leading multifamily owners, including BrookWynn Capital, CRP Affordable and ZG Companies.

These new partnerships enable Pratum to bring its hands-on, resident-focused management model to more communities, prioritizing on-site engagement, long-term resident stability and tailored support services. Pratum offers management services for owners of affordable housing, senior living, mixed-income multifamily communities and conventional properties.

“Pratum brings decades of operational expertise and mission alignment to every property it manages,” said Calvin Jones, CEO and founder of BrookWynn Capital. “As we scale our portfolio, we value partners who understand the nuances of resident engagement, compliance and long-term community investment. Pratum is that partner.”

Underscoring the period of expansion, Pratum also recently finalized its C-Suite team with the promotions of Wendy Simpson to chief marketing officer, Jason Salamon to chief human resources officer and Shannon Bodnar to senior vice president of compliance. The appointments complete the company’s five-person property management executive leadership team and reflect a deepened commitment to leadership development as a strategic growth driver.

The newly appointed C-Suite team members bring extensive experience in multifamily operations and organizational transformation, helping shape the firm’s national presence and culture.

“Wendy, Jason and Shannon exemplify the talent that is driving our evolution—from culture to customer experience,” said Shah Alam, CEO of Pratum Companies. “Their leadership is already fueling tangible results in new markets and partnerships.”

Pratum Companies (Pratum), a national, integrated real estate firm, is excited to announce its expanded partnership with DHIC, a leading nonprofit affordable housing developer in the Research Triangle Area region of North Carolina. Pratum is leading the lease-up and property management of three, newly constructed DHIC communities in Raleigh, Apex and Durham, North Carolina.

Stone Glen in Apex is a 164-unit community that offers four different floorplans, including one-bedroom/one-bath, two-bedroom/one-bath,  two-bedroom/two-bath and three-bedroom/two-bath units. Amenities include gourmet kitchens, common laundry facilities along with laundry hook-ups in each unit, a playground, a fitness center, covered picnic areas and grilling stations. Rents range between $1,293 and $1,778 for families between 40% and 70% of the area median income (AMI).  

Milner Commons in Raleigh is a newly built 55+ community with 156 units, including 122 one-bedroom/one-bath units and 24 two-bedroom/one-bath units. Amenities include common laundry facilities along with laundry hook-ups in each unit, a community lounge, library and game room, a reflection room with stained glass, tenant storage areas, fitness rooms and indoor and outdoor sitting areas. Now pre-leasing, Milner Commons has 10 Efficiencies with rents from $875 for individuals with incomes at or below 60% of AMI for Wake County. 

“We are excited to expand our long-term partnership with DHIC to help meet the increasing demand for affordable housing in North Carolina,” said David McGuill, Executive Director of Operations of Pratum Companies. “By working together, we’re able to create stable, supportive communities where residents can thrive. This partnership reflects our shared commitment to providing quality housing options that strengthen the fabric of these neighborhoods.”

Hardee Street in Durham is a 132-unit apartment community designed for families, with one-bedroom/one-bath, two-bedroom/two-bath, and three-bedroom/two-bath apartments available. Anticipated to be completed by March 2025, the community will feature a clubhouse, community room and kitchen, a business center with free internet access, a common laundry facility, covered picnic areas, a playground and indoor/outdoor sitting areas. Hardee Street is located in a predominantly residential area and will be reserved for families at 60% of the area median income (AMI). Starting rents range between $440 to $1,320 depending on household income and apartment size. Rents include high-speed internet.

Pratum and DHIC share a vision of creating lasting value through affordable housing. “This year marks DHIC’s 50th Anniversary fulfilling its mission to provide safe, affordable and quality housing for individuals and families in the Triangle region and across North Carolina. Our long-term goal is to foster stable, thriving neighborhoods where residents not only find affordable housing but also experience opportunities for personal growth and community connection,” said Yolanda Winstead, President and CEO of DHIC. “These communities are designed to contribute positively to the local area, both socially and economically.”

For more information about Pratum Companies or how to apply to one of the four Pratum-managed DHIC communities in North Carolina, visit pratumco.com, or follow us on LinkedIn. 

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.