DENVER--Prescient, a Colorado-based software design, engineering, manufacturing and installation company, announced today that Jeffrey Johnson, CEO of Dividend Capital Diversified Property Fund, has joined the company’s Board of Directors.
Johnson has expertise in acquisitions, dispositions, asset management, finance, reporting and investor relations. Previously, he served for 13 years in executive roles at Equity Office Properties Trust. Equity Office was the largest publicly traded REIT and owner/manager of office properties in the United States when it was acquired by Blackstone Group for $39 billion in 2007. During his tenure at Equity Office, Johnson served as Chief Investment Officer, Executive Vice President, and Chairman of the Investment Committee. He was instrumental in completing Equity Office’s IPO in July 1997, setting investment strategies and completing more than $9 billion of real-estate operating company transactions and property acquisitions.
Johnson is also a former founding Partner and Co-head of U.S. Investments for Lehman Brother’s first private equity fund. He is a member of the Urban Land Institute and the Chicago Commonwealth Club. Johnson received a master’s degree in business administration from Northwestern University’s Kellogg Graduate School of Management and a bachelor’s degree from Denison University.
“We are pleased to welcome Mr. Johnson to the team and look forward to his counsel,” said Satyen Patel, chairman & CEO of Prescient. “His years of experience and extensive knowledge in this industry will be invaluable as we grow across the U.S. and Internationally.”
“Prescient is to the real estate and construction field what Uber has been to ground transportation. In my 30 years of commercial real estate investing, this is the first truly disruptive technology for integrating custom building development in the industry,” Johnson said. “I am proud to be associated with such a high-caliber executive team and fellow group of investors. I look forward to helping the company reach its full potential in my role as a member of the Prescient Board of Directors,” he added.
Prescient, which recently doubled the size of its Arvada, Colo., headquarters and manufacturing facility, is on track to complete more than 2 million square feet of projects during 2016 in the hospitality, multi-family housing, student and senior housing segments across Colorado, Florida, Georgia, Missouri, Nebraska, North Carolina and Texas. In 2017 it will further expand its building footprint into Indiana, Kentucky, Michigan, New York, Pennsylvania and Tennessee.
Prescient is a software design, structural system manufacturing and installation company with an innovative design platform that offers a faster, greener and more cost-effective alternative to conventional building structures. Prescient’s primary market segment is multi-unit buildings including apartments, student housing, senior living and hotels. The Prescient platform is:
• Durable: it will not rot, warp, shrink, split, crack or creep and is resistant to moisture and insect infestation.
• Lightweight: it is easy to handle and is straight, uniform and consistent in quality.
• Strong: cold formed steel has the highest strength-to-weight ratio of any building material, so Prescient meets the highest seismic and wind load specifications with allowable stress values ranging from 21,000 to 33,000 pounds per square inch.
• Fire Resistant: the Prescient system is non-combustible, does not burn or contribute fuel to the spread of a fire and may help secure lower insurance rates.