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.
- 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
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