# National Property REIT Corporation (NPRC)

> National Property REIT Corporation ("NPRC") is a private REIT and wholly-owned portfolio company of Prospect Capital Corporation (NASDAQ: PSEC), a controlled affiliate of Prospect Capital Management. Established in 2012, NPRC owns and operates a tenant-diversified portfolio of multifamily housing, senior living, student housing, and self-storage properties across the United States, and invests via joint venture equity, sole ownership, and preferred equity structures.

NPRC has completed 110 property investments since 2012, representing $3.9B in initial property value, including 83 multifamily properties and over 32,000 multifamily units nationwide. The real estate team includes 19 professionals. NPRC  primarily targets low to medium density multifamily across the U.S., with a 30–60 day time to close.

## Company

- [Home](https://npreitcorp.com/): Overview of NPRC as an equity operator across multifamily, senior living, student housing, and self-storage.
- [Team](https://npreitcorp.com/team/): Senior management, including Scott Ramsey (Head of Real Estate), Jeff Hadzima (Principal, Real Estate), Hal Doueck (Director, Asset Management), Kevin Golgolab (Director, Construction Project Management), and Carlos Tejada (CFO).
- [Legal Disclaimer](https://npreitcorp.com/legal-disclaimer/): Legal disclosures governing use of the site's content.
- [Contact Us](https://npreitcorp.com/contactus/): Contact form for inquiries.

## Investment Focus & Strategy

- [Focus](https://npreitcorp.com/focus/): Investment focus areas — multifamily, senior living, student housing, and self-storage — with representative property names in each vertical.
- [Investment Strategy](https://npreitcorp.com/investmentstrategy/): NPRC's three investment structures — joint ventures, sole ownership, and preferred equity.  and its value-add approach to commercial real estate. NPRC optimizes leverage on each property and enhances performance through the operational expertise of its in-house asset and construction management teams.
- [Investment Criteria](https://npreitcorp.com/investment-criteria/): Target asset types, property classes, deal criteria (equity check size, target markets, lifecycle, target returns, time to close, recourse terms). NPRC primarily seeks investments in Multifamily, Student Housing, Senior Housing, and Self-Storage, but will also invest in Retail, Industrial, IOS, and Medical Office/
-[Target Profile] (https://npreitcorp.com/investment-criteria/): NRPC prefers Class A and B properties priced favorably compared to replacement in markets with strong wage growth. NPRC reviews off-market recapitalizations, distressed opportunities, and value-add opportunities while keeping leverage moderate at about 70%.

## Portfolio

- [Portfolio](https://npreitcorp.com/portfolio/): Interactive map and state-by-state breakdown of current properties, units, and initial property value across 16+ states including Florida, Georgia, Ohio, Michigan, and Texas.
- State-level portfolio pages: [Alabama](https://npreitcorp.com/portfolio/alabama/), [Colorado](https://npreitcorp.com/portfolio/colorado/), [Florida](https://npreitcorp.com/portfolio/florida/), [Georgia](https://npreitcorp.com/portfolio/georgia/), [Indiana](https://npreitcorp.com/portfolio/indiana/), [Louisiana](https://npreitcorp.com/portfolio/louisiana/), [Maryland](https://npreitcorp.com/portfolio/maryland/), [Michigan](https://npreitcorp.com/portfolio/michigan/), [Mississippi](https://npreitcorp.com/portfolio/mississippi/), [Ohio](https://npreitcorp.com/portfolio/ohio/), [Oklahoma](https://npreitcorp.com/portfolio/oklahoma/), [South Carolina](https://npreitcorp.com/portfolio/south-carolina/), [Tennessee](https://npreitcorp.com/portfolio/tennessee/), [Texas](https://npreitcorp.com/portfolio/texas/), [Virginia](https://npreitcorp.com/portfolio/virginia/), [Wyoming](https://npreitcorp.com/portfolio/wyoming/).

## News & Views

- [News & Views](https://npreitcorp.com/newsviews/): Press releases, market commentary, and video content from NPRC and Prospect Capital Corporation, including property exit announcements, multifamily market outlooks, and AI-in-property-management perspectives.

## Affiliation

NPRC is a controlled portfolio company of Prospect Capital Corporation ("PSEC"). For information on Prospect Capital Corporation, see [prospectstreet.com](https://www.prospectstreet.com/).