Everything Retail.

Michael C. Phillips is the Founder and Chairman of PREP Property Group, where he provides strategic leadership and investment oversight across the firm’s retail real estate platform. With more than 30 years of experience acquiring, operating, and enhancing retail properties, Mr. Phillips has built a distinguished career focused on creating value through disciplined investment, active asset management, and operational execution. Prior to founding PREP, Mr. Phillips founded Phillips Edison & Company and served as its Chief Executive Officer, helping build one of the nation’s leading retail real estate investment and operating platforms. Throughout his career, he has overseen billions of dollars in retail real estate investments spanning open-air shopping centers, net lease assets, and mixed-use developments. Mr. Phillips continues to guide PREP’s investment strategy and long-term growth, leveraging deep retailer relationships, extensive market knowledge, and a disciplined, operator-led approach. He holds a Bachelor of Business Administration from the University of Southern California and remains actively involved in the retail real estate industry and numerous philanthropic initiatives.

Office (801) 983-6303

Sara Brennan is Partner and Chief Operating Officer of PREP Property Group, where she oversees key operational, strategic, and investment initiatives across the firm’s retail real estate platform. With extensive experience in corporate governance, compliance, and complex real estate transactions, Ms. Brennan plays an integral role in the execution of PREP’s investment strategy and long-term growth objectives. Prior to joining PREP, Ms. Brennan served as General Counsel and Chief Compliance Officer of Phillips Edison & Company, providing leadership across acquisitions, dispositions, financings, joint ventures, fund formations, and corporate governance matters. Earlier in her career, she practiced at White & Case LLP in Los Angeles, focusing on commercial litigation involving real estate and securities matters. Ms. Brennan holds a Bachelor of Arts in Political Science and Communications from the University of Michigan and a Juris Doctor from the University of Southern California. She is a member of the California Bar and an active participant in the Association of Corporate Counsel and the International Council of Shopping Centers (ICSC).

Office (801) 983-6305