REAL ESTATE
INVESTMENT MANAGEMENT

Since 1998, PCCP has been providing commercial real estate debt and equity capital for middle-market real estate projects throughout the United States. PCCP has raised, invested and managed over $12 billion of institutional capital and continues to pursue investment opportunities with proven operators. PCCP originates and manages all of its investments, providing capital for all major real estate product types. PCCP invests across the capital stack, from joint venture equity to senior and mezzanine debt, while seeking to identify the best risk-adjusted returns for our investors. With approximately $6.4 billion of assets under management, PCCP is an established fiduciary for its global investors, with offices in New York, San Francisco and Los Angeles.

SERVICES

EQUITY Investing

EQUITY Investing

PCCP provides its client’s capital to equity joint ventures with qualified third party real estate investors and operators for real estate which is not yet stabilized. Investment opportunities pursued include physical repositioning, rehabilitation and redevelopment, recapitalizing impaired financial structures, discounted purchases of inefficiently marketed or distressed situations, high barrier-to-entry, complex situations, and select development opportunities. After a preferred return is paid to the client, profits are split with the real estate sponsor on an agreed-upon basis.

JOINT VENTURE EQUITY PROGRAM

Investment Amount: $15 million to $100 million
Investment Horizon: Up to 7 years
Product Type: Office, Industrial, Multi-family, Retail, Hotel
Geography: Major MSA’s in the United States
Investment Strategy: Acquisition, Lease-up, Repositioning, Redevelopment, Select Development
DEBT FINANCING

DEBT FINANCING

PCCP uses client capital to originate first mortgage loans on real estate. We make LIBOR-based floating-rate loans, including lease-up and stabilization assistance loans, loans on properties that are being repositioned in the, market, construction loans, loans on vacant buildings, and discounted payoff and discounted note acquisition loans. We may also facilitate the purchase by our clients of sub-performing and non-performing loans originated by third parties.

PCCP also uses client capital to makes mezzanine loans embedded in senior loans originated by the company. This permits PCCP to offer one-stop shopping for its customers seeking higher leverage. PCCP also makes stand-alone mezzanine loans, secured by second liens on real estate and by partnership and limited liability company interests.

SENIOR & MEZZANINE DEBT PROGRAM

Investment Amount: $20 million to $150 million
Maturity: Up to 5 years
Product Type: Office, Industrial, Multi-family, Retail, Hotel
Geography: Major MSA’s in the United States
Investment Strategy: Acquisition, Lease-up, Repositioning, Redevelopment, Select Development

WHAT WE'VE BEEN UP TO

OUR TEAM

  • WILLIAM R. LINDSAY

    Managing Partner

    DONALD H. KUEMMELER

    Managing Partner

    AARON GIOVARA

    Partner

    YON CHO

    Partner

    GREG EBERHARDT

    Partner

    JIM GALOVAN

    Partner

    BRIAN HEAFEY

    Partner

    JED LASSERE

    Partner

    BRYAN THORNTON

    Partner

    STEVE TOWLE

    Partner