The Picerne Group

Newport Beach, CA

Founded in 1988

Ken Picerne grew up in a family-owned real estate investment business, Picerne Real Estate Group, based in Rhode Island. As COO, Mr. Picerne spent a decade leading a major expansion of Picerne Real Estate Group into the sunbelt states and was responsible for the development of over 12,000 multifamily units. Today, Picerne Real Estate Group is one of the largest family-owned multifamily developers and owners in the U.S., with more than 45,000 multifamily units.

The Picerne Group creates above market returns by strategically capitalizing on its most significant competitive advantage: the ability to finance the acquisition of unentitled land. The Picerne Group acquires premium sites for multifamily development in areas that are supply constrained and have growing employment.

The Picerne Group’s development business focuses on Class A properties in its core markets of Southern California, Denver and Las Vegas. The Picerne Group is positioned to capitalize on rare development opportunities because of its liquidity and banking relationships, and because its entrepreneurial yet professional approach to investing allows The Picerne Group to take measured entitlement risk that institutional investors and less well capitalized sponsors cannot.