PCCP demonstrates discipline through cycles — the kind of quiet conviction that compounds for institutional investors over decades, not headlines.
IREI
Our experience
PCCP is an established investment manager for its global investors with offices in New York, San Francisco, Atlanta, and Los Angeles. We invest 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.
$
29.3
bn
Assets Under Management
1360
Total investments
$
47.8
bn
Raised, invested or managed of institutional capital
28
Years in Business
Assets under management and investments are presented as of December 31, 2025.
Equity Investing
PCCP invests equity capital in joint ventures with third party real estate investors and operators. Investment opportunities typically 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.
Debt Financing
PCCP originates senior and mezzanine loans secured by commercial real estate. PCCP loans fund value-add business plans, including loans to lease-up and stabilize assets, loans on properties that are being repositioned in the market, construction loans, loans on vacant buildings, and loans for discounted payoff and discounted note acquisitions. We also originate permanent loans on stabilized properties.
Advisory Services
PCCP works with select institutional investors in an advisory capacity on portfolio finance and asset management of strategic or distressed portfolios and individual assets. As an advisor on portfolio finance, PCCP’s role is similar to that of a real estate CFO to optimize from the top-down how a portfolio is financed to best suit the client’s short and long-term objectives and to assist with the implementation of the strategy. We believe PCCP’s expertise can complement an investor’s existing strategic investment advisory partners. In the capacity of an asset advisor, PCCP relies on its integrated debt and equity investment team to advise clients on strategic or distressed assets including asset financing.
Featured transactions
Proposal · Beyond the wishlist
In their words
Selected pull-quotes from coverage of PCCP across institutional real estate media — distilled for the IR conversation.
A debt strategy built for the cycle we're actually in.
PERE
Five years on the Best Places list speaks to a culture institutional LPs want their managers to have.
Pensions & Investments
A measured operator with a long memory — exactly the profile this market rewards.
PERE
Construction lending is a relationship business.
IREI
We build portfolios the way our LPs would.
PREA Quarterly
In a year that saw many lenders retreat from construction risk, PCCP's underwriting stood out — disciplined, informed by 25 years of cycle data, and consistent.
PERE
Discipline is what compounds.
The Crossman Conversation
As covered in
PERE
IREI
P&I
PREA
Crossman
