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Find a Location

Prometheus Real Estate Group Inc has 4 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

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    Business ProfileforPrometheus Real Estate Group Inc

    Real Estates
    HeadquartersMulti Location Business
    The Complaints and Reviews shown on this HQ profile may have been submitted against either the HQ itself or one of the corporate-owned locations found under "Find Locations".

    At-a-glance

    Customer Reviews

    1/5stars

    Average of 1 Customer Reviews

    Customer Complaints

    15 complaints closed in last 3 years

    6 complaints closed in last 12 months

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Related Categories

    Overview

    Residential and commercial real estate management.

    Business Details

    This is a multi-location business.

    Find a Location

    Prometheus Real Estate Group Inc has 4 locations, listed below.

    *This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

      Country
      Please enter a valid location.
      Headquarters
      1900 S Norfolk St Ste 150, San Mateo, CA 94403-1161
      BBB File Opened:
      8/16/2006
      Years in Business:
      59
      Business Started:
      1/1/1965
      Business Started Locally:
      1/1/1965
      Business Incorporated:
      8/14/1992
      Licensing Information:
      This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
      BBB records show a license number of 01144157 for this business, issued by Bureau of Real Estate

      These agencies may include:

      Bureau of Real Estate

      1515 Clay St Ste 702

      Oakland CA 94612

      (510) 622-2552

      http://www2.dre.ca.gov/PublicASP/pplinfo.asp?License_id=

      Type of Entity:
      Corporation
      Number of Employees:
      600
      Business Management
      • Ms. Jaclyn Safier, President
      Contact Information

      Principal

      • Ms. Jaclyn Safier, President

      Customer Complaints

      15 Customer Complaints

      Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

      File a Complaint

      Customer Reviews

      1 Customer Reviews

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      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      Ellen V

      1 star

      09/22/2023

      I would never have renewed my lease at Park Place Apartments in June of 2020 had I known about the compensation and discounts being offered to new tenants and existing month-to-month tenants at that time due to the change in market (it was always unclear to me why an existing tenant who signed a long-term lease would be treated worse than month-to month tenants or new tenants with an unproven history). Shortly after I renewed my lease, I learned from several tenants (existing and new) that a 700 square foot apartment such as mine was being offered to new tenants at a discounted rate of $600.00 per month (or more). These reductions were applied to newly renovated apartments such as mine. According to the Park Place website at that time, most available 700 square foot apartments were newly renovated in 2017, as mine had been. In addition, new tenants and existing month-to-month tenants were offered one to two months free rent. I also learned that existing tenants were offered one to two free months' rent and given the option to switch apartments. None of those options were made apparent to me or offered to me when I renewed my lease in June 2020 (at the height of the pandemic). In June 2020 when I renewed, I was not given any information regarding rent adjustments, and therefore, unable to make an informed decision when deciding whether to renew my lease. To be clear, I would never have renewed my lease had I been fully informed about any of the compensation options offered to new and month-to-month tenants. I lived in the Park Place complex for over two years and was a model tenant during my time there. I was very disappointed at the lack of respect and consideration given to existing tenants who signed long-term leases, as well as what I can only describe as unfair and questionable business practices surrounding my lease renewal.

      Prometheus Real Estate Group Inc Response

      09/29/2023

      Dear *****,I hope this message finds you well. Thank you for taking the time to share your feedback with us regarding your experience with Park Place Apartments. Your input is important to us, and I want to personally address your concerns.I understand that you have reservations about the renewal offer and feel that it may not have been equitable given the market conditions at the time of your lease expiration. I want to assure you that we take such concerns seriously. Market conditions can indeed vary, and our pricing and specials are influenced by several factors. While we do offer concessions for new leases, we acknowledge that renewing neighbors may have different options available to them. I also recognize that you felt the communication between our neighborhood team, and you did not meet your expectations. Clear and effective communication is essential to ensuring our neighbors are informed and satisfied. We are committed to improving our processes in this regard to enhance the resident experience. ********************* | Portfolio Manager PROMETHEUS REAL ESTATE GROUP, **** | Est. **** | ***********************

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