Our Strategy
Disciplined investing across the capital stack.
PCCP invests across the capital stack in both debt and equity investments. We approach all of our investments from a credit mindset with the goal of preserving our clients’ capital in addition to generating compelling risk-adjusted returns.
We believe we differentiate ourselves by having a single team of investment professionals originate both debt and equity investments which are reviewed and approved through an integrated investment committee.
01 —
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, and discounted purchases of inefficiently marketed assets.
Typical Joint Venture Equity program
- Investment amount
- $10 million to $60 million
- Investment horizon
- Up to 7 years
- Geography
- Major MSAs in the United States
Property types
- Office
- Industrial
- Multifamily
- Retail
Strategy types
- Acquisition
- Lease-up
- Repositioning
- Redevelopment
- Select Development
Additional highlights
- Over $14.0 billion in equity investments managed across 577 transactions since inception through December 31, 2025
- Strong annual pipeline of value-added equity investments, from partially stabilized to development
- PCCP has invested in equity across multiple cycles, with extensive workout experience
- Capable of underwriting complex situations and closing quickly
02 —
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 note purchases.
Typical Senior & Mezzanine Debt Program
- Investment amount
- $35 million to $200 million
- Investment horizon
- Up to 10 years
- Geography
- Major MSAs in the United States
Property types
- Office
- Industrial
- Multifamily
- Retail
- Hospitality
- Land
- Residential
Strategy types
- Stabilized
- Acquisition
- Lease-up
- Repositioning
- Redevelopment
- Development
Additional highlights
- Over $33.8 billion in loans managed in 783 transactions since inception through December 31, 2025
- Strong annual pipeline of debt investments, from senior loans to mezzanine
- Invested in debt across multiple cycles, with extensive workout experience
- Able to underwrite complex situations and close quickly