Pembrook is a commercial real estate investment manager focused on debt strategies on behalf of institutional investors, commercial banks, family offices, high net worth individuals and other qualified clients.
Founded in 2006 by Stuart J. Boesky, with additional financial sponsorship from an affiliate of MIG Holdings, LLC, Pembrook Capital Management, LLC is an SEC-registered investment adviser1 that manages commercial real estate private equity funds that focus on debt strategies.
Pembrook's management team has extensive experience in balance sheet lending, real estate investment, finance, asset management and development through multiple market cycles. We have established long-standing relationships with commercial real estate owners, developers, intermediaries, service providers, commercial and investment banks, as well as with federal agencies and state housing authority officials.
Our goal is to capitalize on the structural changes in the credit markets by opportunistically originating short-and-intermediate term floating rate commercial real estate mortgage loans, mezzanine loans, participating loans and preferred equity investments primarily secured by regulated or unregulated affordable multifamily rental housing, workforce and market rate housing, and other commercial property types, which we believe will generate appropriate risk-reward outcomes that benefit both our borrowers and our investors.
We focus primarily on markets with high barriers to entry, such as high-density urban locations, and/or markets with projected job growth and favorable supply and demand characteristics.
We incorporate a proprietary balance sheet capital structure to provide owners and developers of commercial real estate with reliable and prompt financing to capitalize or recapitalize the acquisition, development, or redevelopment of their commercial real estate. Flexibility in structuring, certainty of execution and speed are typical reasons why we win our business.
Our extensive network provides access to consistent deal flow. Since 2007, our originators have generated over $32 billion of investment opportunities, averaging more than $2.5 billion annually. By year-end 2019, this resulted in 120 investments with an aggregate investment volume of approximately $1.5 billion, and a net credit loss less than 0.003.2
- 1 SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the Manager has attained a particular level of skill, training or ability.
- 2 As of Q4, 2019.