Firm Profile
Corten Real Estate Management LLC (“Corten” or the “Firm”), a Delaware limited liability company, was
founded in 2018 as an independent investment management firm that leverages the operating infrastructure of
the Buccini/Pollin Group (“BPG”), a vertically integrated real estate firm focused on development,
construction and property management that was founded in 1993. This unique relationship enables Corten to
move with speed and certainty of execution in underwriting, securing and executing off-market opportunities
in the current investment environment as both an operator and an investor.
Corten targets middle-market real estate investments in the operationally intensive asset classes of hospitality,
multifamily and office. At its core, Corten is a special situations investor seeking to continuously pivot
throughout market cycles in an effort to generate attractive risk-adjusted returns up and down the capital stack
(common equity, preferred equity and mezzanine debt) and across its three targeted operating verticals.
As sector specialists, the Corten team (the “Investment Team”) is comprised of seasoned professionals who
have spent the majority of their respective careers as hands-on operators in the operationally intensive sectors
of hospitality, multifamily and office, as well as private equity fund managers, with unique, value- oriented
structuring and execution skills. Corten professionals have broad experience as owner/operators, developers
and investors, resulting in deep underwriting, structuring and asset-level execution capabilities.
Corten is owned equally (25% each) by P.J. Yeatman, Christopher Buccini, David Pollin and Robert Buccini
(the “Founding Partners”). Other members of the Investment Team have non-voting economic interests in the
general partners associated with various investment entities.
Corten serves as the investment adviser to privately offered, pooled investment vehicles and co-investment
vehicles (the “Funds”). The Funds are marketed primarily to institutional investors and high net worth
individuals and may be managed by the Firm on a discretionary or non-discretionary basis. The investment
strategies and restrictions relating to the Funds are set forth in each Fund’s private placement memorandum (the
“Fund Offering Documents”), joint venture agreement and/or limited partnership agreement (the “Fund
Governing Documents”). The Funds are considered clients of Corten, as opposed to the underlying investors
(“Investors”) in the Funds, who are commonly referred to as “Limited Partners”. Investors, however, must
satisfy certain requirements (e.g., qualified purchaser status) to invest in the Funds. The Funds are neither
registered under the Investment Company Act of 1940, as amended, nor are their interests registered under
the Securities Act of 1933, as amended. Accordingly, interests in the Funds are offered exclusively to Investors
satisfying the applicable eligibility and suitability requirements either in private placement transactions within
the United States or in offshore transactions. No offer to sell the Funds is made by the descriptions herein.
Investors should carefully consider the investment objectives, risk tolerance and liquidity of any Fund prior to
investing.
Corten does not tailor advisory services to the individual needs of any Investor in the Funds, but rather
manages the Funds pursuant to the investment guidelines, restrictions and strategies as outlined in the Fund
Offering Documents and Fund Governing Documents. The terms of such investment guidelines, restrictions and
strategies may be negotiated with Investors at the time of a Fund’s formation. In the case of discretionary
vehicles, Investors generally have no input on the specific investments made by Corten once the Fund is
operational. In the case of non-discretionary vehicles, Investors or their advisors have input on and must
approve the investments made by Corten specific to the terms of Fund Governing Documents. In accordance
with common industry practice, a Fund or its general partner may from time to time also enter into a “side letter”
or similar agreement with an Investor pursuant to which the Fund or its general partner grants the investor
specific rights, benefits or privileges that are not generally made available to all investors. See “Item 8 –
Methods of Analysis, Investment Strategies and Risk of Loss” below for more details.
Assets under Management
As of December 31, 2023, Corten had approximately $468.8 million of regulatory assets under management
(NAV plus uncalled capital), of which $330.5. million was managed on a discretionary basis and $138.4
million was managed on a non-discretionary basis.