Pref equity & mezz
Pearlmark
Pearlmark Real Estate, L.L.C. is a Chicago real estate investment manager focused on middle-market commercial real estate. It invests through both equity and debt structures, and describes its strategy as value-add real estate across the United States.
The firm works with institutional and high net worth investors, defining objectives with them and reporting on performance, and publishes investment program summaries for prospective investors. Its managing directors and managing principals invest personally alongside investors, which the firm cites as its alignment mechanism. In-house functions span acquisitions, capital markets, asset management, portfolio management, due diligence, and fund accounting.
Pearlmark was founded in 1996 and employs 30 professionals. It is headquartered at 200 West Madison Street in Chicago, with offices in Denver, Los Angeles, and New York. It is a subsidiary within the CHL Group: Pearlmark and its subsidiaries are direct or indirect subsidiaries of Conning Holdings Limited, whose controlling shareholder is Generali Investments Holding S.p.A., with Assicurazioni Generali S.p.A. as ultimate controlling parent.
Sponsors approaching Pearlmark should ask which programs are currently investing and on what terms. The public site describes equity and debt strategies in general terms and does not publish check sizes, target returns, or position types.
Best for
Middle-market sponsors and institutional or high net worth investors looking at value-add U.S. commercial real estate through either equity or debt structures; the site publishes no check sizes or return targets, so terms have to be established directly.
What they do
- Middle-market commercial real estate equity investment
- Real estate debt investment
- Value-add real estate strategies across the U.S.
- Portfolio and asset management
- Investment programs for institutional and high net worth investors
- Fund accounting and investor reporting
Details
| Attribute | Value |
|---|---|
| Founded | 1996 |
| Ownership | Subsidiary |
| Team size | 11-50 employees |
| Other offices | Denver, CO, Los Angeles, CA, New York, NY |
What stands out
- Founded in 1996 and employs 30 professionals across acquisitions, capital markets, asset management, portfolio management, due diligence, and fund accounting.
- Headquartered at 200 West Madison Street in Chicago, with offices in Denver, Los Angeles, and New York.
- A subsidiary within the CHL Group, whose ultimate controlling parent is Assicurazioni Generali S.p.A.
- Managing directors and managing principals invest personally alongside investors.