On capital,
and the patience
it requires.
A note from the investment committee. Twenty-eight years across cycles.
Discipline
PCCP was founded in 1998 with a single conviction: that institutional commercial real estate investing rewards patience, not speed. Twenty-eight years later, that conviction has carried the firm through a dot-com correction, the global financial crisis, the pandemic, and the rate-hike regime that followed.
Three strategies, one platform
Equity provides joint venture, preferred equity, and recapitalization capital. Debt originates senior loans, mezzanine, and bridge financing. Advisory delivers strategic and capital markets execution. The strategies are not silos — they share underwriting, risk, and sponsor relationships.
Sponsor selection
Every commitment begins with the sponsor. PCCP underwrites operators as carefully as it underwrites assets — track record across cycles, behavior in distress, alignment of incentives.
The next decade
The firm enters its third decade with conviction in the same things. The asset classes will rotate. The cycles will repeat. The discipline, we hope, will not.