The Prescott family seem to have strong roots in Arcadia Bay, donating to create a new library in the town. They also seem to have lent money to people, and owned much property around the area; not unlike the 2013 Prescotts.
Episode Four - "Dark Room"
The old barn in Episode 4: Dark Room is registered as being owned under his name. The barn is featured in the episode as the location for the Prescott Bunker (also known as the Dark Room), in which devious acts were committed against female victims.