About PREP Funds

Our Story

PREP Funds is a Cleveland, Ohio based commercial real estate fund management and advisory firm. Founded in 2020, PREP Funds focuses on acquisition and development strategies across healthcare, industrial, and retail. PREP Funds has acquired or advised on acquisitions of over $110MM of assets throughout the United States.

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Our Focus

Our Team

Advisory Board

Art Anton

Wayne Chambless

David Coury

Fred DiSanto

Lou Joseph

James Ratner

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Joe Boehm III

Joe Boehm III is a Partner and our Co-Founder and Chief Executive Officer. Prior to co-founding PREP Funds, he was an EVP of Retail Leasing at QIC Global Real Estate, an $80 billion diversified investment company. Before QIC, Joe spent 20 years at Forest City Realty Trust, ultimately serving as the Executive Vice President of Real Estate. Joe had executive responsibility for over $4B of ground-up, re-development, and operating property oversight throughout the US during his tenure at Forest City. He was critical in the orchestration, diligence, and closing of QIC’s $3.2 billion acquisition of Forest City’s retail portfolio, and led the transition of approximately 280 people, $180 million of NOI, and 12 large scale retail and mixed-use assets to QIC.

Joe served on the Board of Directors of Placewise Digital, a digital transformation platform for retail real estate, and was the Dean of the John T. Riorden School for Real Estate. Joe also served on the Board of Regents at St. Ignatius High School. Joe received his BA in Accountancy from from Miami University.

Bob O’Brien

Bob O’Brien is a Partner and our Co-Founder and Chief Financial Officer. Prior to co-founding PREP Funds, Bob served as the Executive Vice President and Chief Financial Officer of Forest City Realty Trust, a diversified, publicly traded Real Estate Investment Trust (“REIT”) for 10 years. Bob steered the company through the challenges of the 2008 Global Financial Crisis, dramatically improving the balance sheet, ultimately positioning the sale of Forest City to Brookfield Properties at an equity valuation of over ~$6.8 billion, a premium of more than 20% above the publicly traded price of the shares.

Bob serves on the Advisory Board for Redwood Living, Inc., a private apartment real estate company in Cleveland. He also serves on the board of Cleveland Development Advisors and LAND Studio. Bob received his MBA from Indiana University and his BA in Economics from Kalamazoo College.

William T Ross

Bill Ross is a Partner and our Chief Operations Officer. Bill brings 30 years of diverse executive-level experience along with 20 years in commercial real estate. Bill was most recently Chief Financial Officer of The Daimler Group, Inc. in Columbus, OH, a diversified real estate company with $650M AUM of medical office buildings, suburban office and light industrial facilities. Bill had direct responsibility of accounting, finance/treasury, bank relationships, risk management, tax, HR and asset management that included property management. During Bill’s tenure, he oversaw the sale of 11 assets worth $315M which included 7 MOB’s, the creation of 2 new investment funds, and the development/construction of industrial and medical projects.

Bill’s most significant tenure in Commercial Real Estate occurred with his 13 years at Forest City Realty Trust. Bill’s final role there was as EVP Asset Management for the Commercial Division where he had full P&L responsibility for a $500M NOI portfolio that included FCRT’s entire office and retail portfolio (85 properties with 22M square feet). He led a team of about 200 associates covering property management, asset management, and office leasing. He also had lead responsibility for managing the relationships with the portfolio’s many ownership partners. While leading asset management Bill led or oversaw the disposition of over 30 properties generating over $1B in net cash proceeds. In addition to Bill’s operating role, he also led all of FCRT’s major restructuring and transformation projects over the years bringing him very close to every aspect of the company’s business operations and processes.

Bill’s other experience includes CFO of Donley’s, Inc (a large regional construction firm), COO of DDR Corp (a shopping center REIT with 319 properties and $17B of AUM), running M&A for a large industrial division of General Electric, and a consultant with McKinsey where he focused on improving the operations of industrial clients.

Bill earned his MBA from The University of Chicago Graduate School of Business and his bachelor’s degree in accounting and finance from Miami University.

Joe Boehm IV

Joe Boehm IV is a Partner and our Chief Investment Officer. Prior PREP Funds, Joe was a Director and Portfolio Manager at Ancora Advisors, a registered investment advisor and asset manager with over $7 billion of assets under management. At Ancora, Joe was a member of the Investment Committee and a Portfolio Manager for the alternatives group, overseeing two public equity focused hedge funds with aggregate AUM over $400 million. Before Ancora, Joe was a Research Analyst at S.A.C. Capital Advisors and an Investment Banking Associate at Deutsche Bank Securities.

Joe is the Chairman of the Board of Directors at Potbelly, Corp. (Nasdaq: “PBPB”). Joe received his Bachelor of Science from Georgetown University and earned a Certificate in Business Excellence from the Columbia Business School Executive Education program. Additionally, he serves on the Board of Directors for the First Tee – Cleveland.

Chris Salata

Chris Salata is a Partner of PREP Funds.  Prior to joining PREP Funds, Mr. Salata was the Chief Operating Officer at Industrial Commercial Properties LLC (“ICP”).  During his 6+ year tenure as COO, ICP’s portfolio value more than quadrupled in size to $3.5B, making ICP one of the largest privately held industrial/commercial office portfolios in the Midwest.  At ICP Mr. Salata oversaw the acquisition of more than 90 new assets, totaling 20MM square feet and 1,000 acres of developable land.

Prior to his time at ICP, Mr. Salata served as SVP of Development at DDR Corp. (“DDR”) where he oversaw national development and redevelopment initiatives for the publicly traded REIT.  Before joining DDR, Mr. Salata was a Principal at Fairmount Properties and served as Chief Investment Officer and General Counsel.  During his time at Fairmount, Mr. Salata served as lead project executive on Pinecrest, a $240MM mixed-use development project in Orange Village, Ohio that received the top honor for mixed-used developments in the New Development category at the ICSC Global Awards for North American Design and Development. Mr. Salata started his career as an attorney with McDonald Hopkins LLC, practicing in the firm’s business department, handling matters related to real estate, finance and corporate mergers and acquisitions.

Mr. Salata has earned multiple professional awards, including induction into the Midwest Commercial Real Estate Hall of Fame, inCAP’s Top 10 COO’s in the World, and Crains Cleveland Business C-Suite Award, Notables in Commercial Real Estate and “Forty Under Forty” designation.  Mr. Salata also served as a Mentor in the Urban Land Institute’s Young Leaders Partnership Forum.  Mr. Salata holds an undergraduate business degree from the University of Notre Dame and a Juris Doctor from Case Western Reserve University School of Law.  Mr. Salata has been an adjunct professor at both of his alma maters, teaching classes in real estate transactions and negotiations. 

Keith Brandt

Keith Brandt is a Partner of PREP Funds.  He is a seasoned real estate professional with over 30 years of executive leadership experience. His rare combination of a diversified skill set amongst retail, industrial, residential, and asset management has resulted in a proven track record of delivering superior results for ownership and clients.

Prior to PREP Funds, Mr. Brandt served as an Executive Vice President of Industrial Commercial Properties LLC (ICP), spearheading a national initiative to identify and re-develop former regional malls and retail properties. In this role, he was responsible for sourcing acquisitions, PSA negotiations, underwriting, entitlements, incentives, and leasing.  He successfully acquired and formulated a redevelopment plan for the Concord Mall in Elkhart, IN that allowed for a complete mixed-use conversion with 425,000 sf of industrial, 125,000 sf of retail, 18 acres of planned multi-family, and 8 outparcels.  Mr. Brandt successfully secured $4M of economic incentives through the Elkhart Economic Development Corporation in addition to a 5 Year Tax Abatement.    Mr. Brandt achieved ICP’s first acquisition into the State of Texas through the acquisition of the former Windsor Fashion Mall and Rackspace Corporate Headquarters on a 1,200,000 square foot project on 68 acres.  He successfully negotiated all entitlements with the City of Windcrest and secured financial incentives of $4.85M form Bexar County, Windcrest Economic Development Corporation (WEDC), and the City of Windcrest in addition to securing a 100% Real Estate Tax Abatement for 7 years.

Before joining ICP, Mr. Brandt was the Managing Director and Market Leader for CBRE’s Cleveland and Akron offices. He led a team of 100+ associates across all business lines, including retail, industrial, office, corporate services, investment sales, debt and structured finance, property management, project management, valuation services, marketing, and all support functions. Under his leadership, the CBRE Cleveland office experienced record growth of over 54% in top line revenue with 33% of the producers achieving record year during his tenure.

Prior to CBRE, he was the Senior Vice President of Retail, Office & Residential Leasing and Asset Management at Brookfield Asset Management / Forest City Realty Trust. In this role, he was responsible for driving revenue and managing operations for properties across the U.S.  Mr. Brandt led the Retail Leasing platform for Forest City Enterprises, overseeing all retail initiatives that included 101 properties across the US in the core markets of Los Angeles, San Francisco, Denver, Washington DC, Boston, Dallas, and New York. Under his leadership, his team drove over $275M in annual revenue for a 9M square feet portfolio, executing over 300 retail leases annually. Mr. Brandt’s ability to create significant value organically led to the eventual sale of his division in 2016 for $4.1B. He served on the firm’s Enterprise Operating Committee, Real Estate Operating Committee, IT Prioritization Committee and was involved in the Investment Committee.

A Cleveland native, Mr. Brandt holds a Bachelor of Engineering in Biomedical Engineering from Case Western Reserve University.  He was inducted into the Midwest Commercial Real Estate Hall of Fame and Leadership Akron in addition to being a board member of the Greater Cleveland Sports Commission and the Center for Pastoral Leadership.

Mike Skuski

Mike Skuski is a Senior Vice President of Construction for PREP Funds.  Mr. Skuski oversees all ground-up construction and complex redevelopment projects. 

Prior to joining PREP Funds, Mr. Skuski served as the Senior Vice President of Construction for Industrial Commercial Construction (ICC) where he over saw a team of construction professionals in the Akron/Canton, St. Louis, MO, and San Antonio, TX markets.  Mr. Skuski possesses 20 years of experience in the construction industry in various roles, overseeing more than 100 projects including Design-build ground-up, renovations, tenant improvements, and overseas military construction.  Mr. Skuski has managed design, permitting, and construction in 20+ states and one foreign country.

Prior to ICC, Mr. Skuski was a Sr. Construction Manager in the Industrial/Logistics division for D.F. Chase out of Nashville, Tennessee, where he managed ground up, renovation and adaptive reuse projects across the United States.

Mr. Skuski is a U.S. Army Veteran where he served as a Combat Engineer Officer.  Mr. Skuski deployed multiple times to Afghanistan is support of the Global War on Terrorism.  Mr. Skuski is the recipient of three Bronze Star Medals.

Mr. Skuski earned a BS in Surveying and GIS from the University of Akron and a MS in Engineering Management from Missouri University of Science and Technology.

Kohl Kirkland

Kohl Kirkland is the Vice President of Acquisitions at PREP Funds. Before joining PREP Funds, Mr. Kirkland was the Director of Industrial Properties at Mid-America Management Corporation (“Midamco”) where he managed the company’s 5MM sf industrial portfolio across the country. Prior to his time at Midamco, Mr. Kirkland served as the Director of Sales & Leasing for Industrial Commercial Properties (“ICP”). During his time at ICP, Mr. Kirkland generated over $400,000,000 of transaction volume including leases, acquisitions, and dispositions. He has sourced acquisitions of value-add redevelopment opportunities including multiple industrial and office properties ranging from 100,000-600,000+ SF across the Midwest. Prior to his time at ICP, Mr. Kirkland served as a Broker Associate at Miller-Valentine.

Mr. Kirkland is a graduate of Miami University (Ohio) where he majored in Urban Planning and Development. Mr. Kirkland obtained the prestigious professional designation of Certified Commercial Investment Member designation (“CCIM”) in October 2023 and maintains his real estate license in the state of Ohio.

Ross Hartman III

Ross Hartman III is our Investment Analyst, focusing on underwriting for PREP Fund’s healthcare and industrial acquisitions. His role involves financial modeling, conducting research, and providing due diligence support.

Prior to joining PREP Funds, Ross was a Rental Property Coordinator for Aligned Properties Group, a property management company with over 250 units under management. At Aligned, Ross spearheaded acquisitions, and facilitated the firm’s growth to over $10 million under management.  Ross also serves as a licensed realtor specializing in investment sales, having represented and advised on the purchase of over $4 million in investment properties.

Ross earned his Bachelor of Arts in Accounting from Mercyhurst University.

Rachel Miskimins

Rachel Miskimins is our Controller, with responsibility for all accounting operations for PREP Funds and our related investments. 

Prior to joining PREP Funds, Rachel was Director of Finance for EDEN, Inc.  In that role, Rachel had accounting/finance responsibility for operations with a $56 million budget and the continuous improvement of all compliance processes while working directly with EDEN’s 100+ related properties.

Prior to EDEN, Ms. Miskimins worked in various roles in accounting and administration of natural resource and finance related firms.

Ms. Miskimins earned her Bachelor’s Degree in Accounting from Purdue University.

Jennifer Berk

Jennifer Berk is our Asset and Operations Manager with responsibility working with the strategic planning and daily operations of all PREP Funds’ portfolio properties.

Prior to joining PREP Funds, Jennifer was the Director of Development and Financial Controller for Net3 Real Estate based in Chicago, IL, a commercial real estate company with $50M AUM consisting primarily of retail & medical clinic buildings.

Jennifer received her Bachelor of Science from University of Georgia.

Art Anton

Art Anton served as President and Chief Executive Officer of Swagelok Company, a major developer and manufacturer of fluid system component technology for the research, instrumentation, pharmaceutical, oil and gas, power, petrochemical, and semiconductor industries for over 25 years. At Swagelok, Art was responsible for all areas of the business and for executing the Swagelok strategic vision, devoting particular attention to coordinating the activities of manufacturing, marketing, and engineering to ensure that Swagelok continually developed and supported its products and services to meet the changing system requirements of end users. Art joined Swagelok as Chief Financial Officer in 1998, became Executive Vice President in 2000 and President and Chief Operating Officer in 2001. In 2003, he was named Chief Executive Officer, effective January 1, 2004.

Previously, Art was a partner at the accounting and consulting firm of Ernst & Young. During his 20 years with the firm, he consulted with companies in manufacturing, energy, service and other industries.

Art received a Bachelor of Science degree in economics and accounting from the City University of New York and a master’s degree in finance from Case Western Reserve University. He was the Chairman of the University Hospital Health Systems Board of Directors and is or has served as a board member of The Sherwin-Williams Corporation, Olympic Steel, the Rock and Roll Hall of Fame, Diebold Nixdorf, Inc., SunCoke Energy Inc, SmithFoods Inc., Union Home Mortgage, and the Georgia Banking Company.

Wayne Chambless

Wayne is a Partner at SLI Capital, a Raleigh, NC based real estate investment and development firm.  Prior to SLI, Wayne spent nearly 20 years in the hedge fund industry, managing portfolios of public equity securities for some of the leading investment firms on Wall Street.  Wayne was a Senior Portfolio Manager at Millenium Management, Highbridge Capital Management, and SAC Capital Advisors.  Prior to SAC, Wayne was the Managing Partner at Harrier Hawk Management, and was a Senior Analyst at Kynikos Associates.

Wayne earned a Bachelors of Arts from Yale University and an MBA from The Wharton School at the University of Pennsylvania. 

David Coury

David was the Founder and CEO of Specialty Networks, an integrated, multi-specialty platform with GPOs (Group Purchasing Organizations), Life Sciences, and Research solutions in urology, gastroenterology, and rheumatology, prior to its $1.2 billion sale to Cardinal Health. David has over 30 years of experience in the healthcare industry, with expertise in long-term-care, pharmacy management, business growth strategies, and most recently, urology. Prior to Specialty Networks, David founded Pharmacy Management Group, which he sold in 2011.

David earned his Bachelor of Arts from Miami University. 

Fred DiSanto

Fred DiSanto is the Chairman and Chief Executive Officer of Ancora. He became the Chief Executive Officer in 2006 and Chairman in 2014. Prior to joining Ancora, Mr. DiSanto served as the Executive Vice President and Manager of the Fifth Third Bank’s Investment Advisors Division overseeing Investment Management, Private Banking and Trust and Banking Services. He served as President and Chief Operating Officer of Maxus Investment Group from 1998 until December of 2000, which was subsequently sold to Fifth Third Bank in January 2001. In his role at Maxus, he was responsible for the marketing, sales and financial operations. He also served as Managing Partner at Gelfand Partners Asset Management from 1991 until its merger with Maxus Investment Group in 1997. Mr. DiSanto began his investment career in 1985 with McDonald Investments in institutional equity sales.

Mr. DiSanto is currently on the boards of Ampco-Pittsburgh Corp. (AP), The Eastern Company (EML) and Regional Brands, Inc. (RGBD). He is Chair of the Board of Trustees at Case Western Reserve University, former Chairman of the Board of Regents of St. Ignatius High School and former Chairman and current Trustee of the Greater Cleveland Sports Commission. He is a past Board Member of Alithya (ALYA), Lorain National Bank (LNBB) and Parkview Federal Savings Bank (PVFC). Fred earned a Bachelor degree in Management Science from Case Western Reserve University and an MBA from Case Western Reserve University, Weatherhead School of Management (Cleveland, Ohio).

Lou Joseph

Lou is the Owner, President, and CEO of The Brewer-Garrett Company.  Mr. Joseph first joined Brewer-Garrett in 1982, serving as a Sales Representative, where his product innovations and selling efforts achieved record success.  His vision, tenacity and passion led him to the positions of Sales Manager, General Manager, and Vice President. In May 1991, Mr. Joseph was appointed President of The Brewer-Garrett Company.

Mr. Joseph’s appointment as President was the beginning of an evolution of the company that saw Brewer-Garrett expand its engineering capabilities and develop related lines of business in the areas of energy services, electrical design, installation, and service.  A major step in this evolution was construction of a 35,000-square foot facility in 1991.  Located on 4 acres in Middleburg Heights, this state of the art facility contains office space, a full-service sheet metal manufacturing facility and training center.  Over the last 7 years the building has been expanded twice to accommodate the additional resources required by the growth of The Brewer-Garrett Company.

Lou earned a Bachelor in Business Administration from the University of Michigan.  He is or has served as a member of the Board of Directors at Service Excellence Corporation, Chairman of the Board at the Cuyahoga Community College Foundation, the Board of Directors of Playhouse Square, the Board of Regents at St. Ignatius High School, and Knight of the Sovereign Order of Saint John of Jerusalem Knights Hospitaller. 

James Ratner

Jim Ratner is a Director of The Max Collaborative, a multi‐disciplinary real estate company owned and operated by members of the Ratner family.

Jim served as Chairman of the Board of Forest City Realty Trust, and prior to that, served for over 40 years as CEO of Forest City Commercial Group. In this role Jim was responsible for the execution of all retail, commercial, mixed-use development, and asset management at Forest City. Over his career, Jim had executive responsibility for over 25MM square feet of development in core urban markets throughout the US.

Jim serves on the Board of Directors of Hamilton Beach Brands Holding Company, the Executive Committee and Board of Trustees of The Cleveland Museum of Art, the United Way of Cleveland, the Playhouse Square Foundation of Cleveland, The Jewish Federation of Cleveland, The Mt. Sinai Health Care Foundation, and The Americas Executive Committee and the Board of The Urban Land Institute.

Jim holds a Bachelor’s degree from Columbia University and an MBA from Harvard University.