The Picerne Group

Overview

The Picerne Group is a privately held U.S. corporation specializing in real estate investments and asset management, with a focus on both domestic and international markets. Established in 1988 by Ken Picerne, the company has developed a reputation for its innovative and entrepreneurial approach to real estate investment. The firm's investment strategy encompasses land acquisition and entitlement, apartment development, apartment acquisition, and distressed debt investment. By leveraging its ability to finance the acquisition of unentitled land, The Picerne Group targets premium sites for multifamily development in supply-constrained areas with growing employment opportunities. This approach has led to the development of Class A properties in core markets such as Southern California, Denver, and Las Vegas. Over the years, The Picerne Group has demonstrated resilience and adaptability, successfully navigating various economic cycles. Its commitment to quality over quantity and emphasis on building meaningful relationships with capital providers, communities, and consultants have been key factors in its sustained success. The company's investment philosophy prioritizes long-term value creation and responsible stewardship of its assets, ensuring that each project aligns with the needs and values of the communities it serves.

Investment Focus

• Supply-constrained areas with growing employment opportunities
• Premium sites for multifamily development
• Ability to finance the acquisition of unentitled land

Portfolio Companies