Leading Voices in Real Estate Don Kuemmeler and Bryan Thornton | PCCP LLC
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Feb 17, 2025 Don Kuemmeler, Co-founder and Senior Managing Partner of PCCP, has a rich background in real estate investment, while Bryan Thornton has been critical to the firm’s success for over two decades. They discuss the evolution and strategic focus of PCCP, emphasizing the importance of strong relationships in capital markets. The duo explores the burgeoning build-for-rent sector, the impact of technology in investment strategies, and how adaptability shapes the industry's future, highlighting mentorship for emerging professionals.
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Category Killer vs. Department Store
- PCCP focuses on middle-market real estate solutions, not bulk purchases like Blackstone.
- They target properties between $75-250 million, representing most U.S. assets.
Interested, Not Interesting
- PCCP prioritizes being interested allocators of capital, not necessarily interesting pioneers.
- They focus on established product types and avoid the biggest risks.
Foreseeing Industrial's Rise
- PCCP predicted industrial's comeback by observing land prices and anticipating trends like nearshoring and e-commerce.
- They manage risk by shifting focus based on market conditions and asset class cycles.