No, those are two different things. A preamp boosts a weak signal (such as the one coming out of your microphone), up to line level. The BR8 has internal preamps, but they simply don't work well. You'd do much better if you got an external preamp for this task, rather than using the internal ones on the BR8. This is true whether you are using a dynamic mic or a condenser mic.
Phantom power is a separate issue. Most condenser mics are powered by 48V-- called phantom power. Because condenser mics are widely used, and because preamps are typically used with microphones, most preamp manufactures have added 48V of phantom power for each channel as a feature, so that you don't have to buy a separate unit to generate the 48V. On my preamp, there is a phantom power button that I can turn on or off, depending on whether I'm using a condenser or not.
Pete