FPRG

Mission Statement

Our mission is to provide residents with exemplary service in a quality home environment, to provide employees unparalleled opportunities for personal and professional development. The Company will continue to acquire and renovate quality properties based on realistic values in order to maximize real estate asset values for its own investment affiliates, as well as its joint venture partners. The key to our growth and prosperity is a direct result of our exceptional management team and together we strive for excellence to ensure the well-being of our properties and the future of Falkin Platnick Realty Group Inc.

Historical Profile

FPRG, Inc. was formed in 1988 to acquire real estate investment properties in strategic growth markets. Starting with our first investment property that year in San Antonio, we have anchored our assets in Texas, and gained a great reputation as a hands-on owner / manager of multifamily properties. Diversifying throughout the years, we have successfully purchased and operated a mini-storage, boat and RV storage, motels, RV parks, office space, and single family land development, all with the idea of creating a great product for our investors through knowledge, experience, hard work and capitalizing on unique opportunities.

Leadership

Leadership

Joshua D. Platnick

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President

Josh has been with FPRG since 2003 and is responsible for the acquisition of new properties and assists in the planning and implementation of renovation programs. He focuses on all corporate financial decisions, expansion planning, asset selection and all aspects of investor relations. A firm believer that a hands-on management approach enhances a property's value for investors and residents alike, Josh takes an active role in lease analysis, property strategy, financial analysis and income return calculations of all properties considered for acquisition. In addition, he has led the technology overhaul company wide.

Josh has a BS from the University of Michigan and an MS from Colorado State University, as well as a real estate license from the state of New Jersey.

Albert B. Platnick

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Principal

Albert (Alby) Platnick is a native of New Jersey with a 24 year history in multi-family, single family and multi-use developments. Alby graduated from Monmouth University in West Long Branch, New Jersey with a Bachelors Degree in Accounting. He then attended Fairleigh Dickinson University in Teaneck, New Jersey where he completed his Masters Degree in Business Administration.  While seeking his Masters Degree, Alby worked at various area hospitals as Director of Finance.

In 1988, Alby and his business partner Stuart Falkin formed Falkin Platnick Realty Group, Inc. On September 9, 1989 FPRG purchased their first apartment community, Desert Shadows Apartments located in San Antonio, TX which they owned and managed until the property was sold in 2015. Since that first purchase in 1989, FPRG has purchased, invested, managed, and sold many assets. In 2004 FPRG procured a 50 acre site and developed this acreage into the Braunig Lake RV Resort and Boat Storage. This site includes a motel, banquet hall, office suites and restaurant. In 2006 they added a 440 acre site in Floresville, TX known as Abrego Lake, a single family home development.  In 2009 Eden Crossing was started. Eden is a 550 acre single family home community located in La Vernia, TX.

Stuart R. Falkin

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Principal

In addition to Principal of FPRG, Stuart Falkin is the President and shareholder of Falkin Financial Corp., a real estate and mortgage broker company licensed in the State of New Jersey. Mr. Falkin is also a real estate broker licensed in the States of Texas and Pennsylvania. Falkin Financial Corp. specializes in the financing of first and second mortgages as well as sales of multi-family residential and commercial properties. Mr. Falkin has had ownership interests in investment property acquisitions in which his role included devising the investment strategy and development plan to procure, source and structure mortgage placement, property management, building upgrades and renovations and condominium or co-op conversion.

Prior to the formation of FPRG, Mr. Falkin was Vice President of Raritan Valley Mortgage, Inc. East Brunswick, New Jersey. He supervised the origination and placement of $450,000,000 of FHLMC/FNMA multi-family mortgages and served as the broker for the purchase and sale of various commercial and residential multi-family properties. Mr. Falkin holds a B.S. in Business Administration from Rider University.

Michele Sierra

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Corporate Director

Michele Sierra serves as the Corporate Director for both FPRG and Braunig Lake "50" LP.  Ms. Sierra holds a real estate license in the State of Texas and is a Certified Apartment Manager with the National Apartment Association. In addition, she is a Board Member and actively involved with the San Antonio Apartment Association. Ms. Sierra has 15 years of experience with the development and management of multifamily properties. Her principal responsibilities include but are not limited to:  budgeting, property management, administration, personnel supervision, renovation supervision, formulation and oversight of marketing plans, along with the execution of multi- year business plans to maximize long term portfolio values for FPRG's National Operations.

Ms. Sierra also oversees Braunig Lake 50 LP, a 50-acre, mixed-use business park which currently includes office space, a 64-unit hotel, a 5,000 SF banquet hall, a restaurant, an RV and Boat Storage and a 266-space RV Resort.  She reports directly to the investors and Chief Officers of FPRG.

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