PDP’s principals have worked with a broad array of equity partners and banks over the past two decades in the acquisition, development and redevelopment of numerous projects. PDP seeks to generate exceptional returns for its financial partners while preserving capital through prudent risk-taking. Following is a partial list of our partners and lenders:
Bank of the West
Concierge Asset Management (Maxwell Drever)
First Republic Bank
Imperial Capital Bank
Merrill Lynch Capital
Talcott Holdings, Inc
What our partners say about us
PDP projects with Archstone Smith (a $20 billion National apartment owner) include the acquisition, management, and re-development of Fox Plaza in downtown San Francisco, CA: a $150 million, one million square foot apartment, office, retail, condominium and parking garage project.
Chief Executive Officer
“I have known Mark Conroe for over 30 years and have seen his consistent commitment to excellence over the many different facets of the real estate industry he has been involved with. Mark did a great job as CEO of City Center Retail Trust and has been a successful developer of apartment, condominium, hotel and office projects in cities around the country. Our company has been partners with PDP on several projects and their performance has been excellent. Mark did a great job on the entitlements and planning of Fox Plaza in one of the toughest City’s for gaining permits in the country. We would gladly do more business with PDP.”
Concierge Asset Management
PDP projects with Maxwell Drever (a 40 year veteran of residential and commercial real estate, having owned hundreds of millions of dollars of property throughout the U.S., and founder of a number of successful real estate operating companies) include: (1) the redevelopment of the historic Flour Mill in Spokane, WA: an $18 million, 150,000 square foot retail, office and residential condo project; (2) the redevelopment of Rincon Circle Commercial Condominiums in San Jose, CA: a $10 million, 60,000 square foot industrial project which was redeveloped into commercial condominiums and sold; (3) the redevelopment of 290 Ferguson in Mountain View, CA: a $19M rezoning of an office park to 104 townhomes with subsequent sale to a homebuilder; and (4) the redevelopment of The Springs Business Park in Colorado Springs, CO: an $11 million, 120,000 square foot redevelopment of an office project.
Concierge Asset Management
“We have partnered with PDP on a number of successful real estate projects. Over the past 10 years, I have come to appreciate Mark Conroe’s experience, insight, and work ethic. I have found him to be completely reliable and trustworthy; in each project that PDP did for us, our expectations were exceeded and the project realized excellent financial results. We are actively looking for new projects in which to invest with PDP. “
PDP projects with Devcon Construction (one of the largest general contractors in the S.F. Bay Area) include the development of a $40 million, 500,000 square foot retail, office, hotel and parking garage project in downtown Boise, ID.
Devcon Construction, Inc.
“I have worked with Mark Conroe for over 20 years both as a developer client and as our development partner. Mark was instrumental in managing the development activities for our downtown Boise project and ensuring that this investment achieved excellent profitability. This project was very complex due to the multiple product types built, the public-private partnership with the City, and the intricate financing involved; Mark managed all aspects of the project in a professional and expert fashion, and most importantly, he watched over our invested capital as if it was his own. In my business trust is paramount, and I trust Mark without reservation. Mark knows how to make money in the development business, which is why we are currently working on additional investment opportunities with PDP.”
PDP projects with RREEF (a $60 billion international institutional advisor and owner of real estate) include: (1) the redevelopment of Benecia Fleetside in Benecia, CA: a $15 million, 110,000 square foot industrial project; and (2) the California Value Added Land Fund: a $50 million fund focused on land development opportunities funded by Cal Smart (a RREEF/CalPERS venture).
“RREEF hired Mark Conroe’s firm to manage the re-development of our Benecia Fleetside industrial project. Mark brought his depth of experience and expertise to this challenging project and made this project a success. This led RREEF to form the $50 million California Land Fund with PDP and CalSmart to pursue land development opportunities. I have known Mark for over 15 years and think he is a savvy developer and operator of complex real estate projects; our experience with his company as our partner was excellent.”
PDP is pursuing new investment opportunities with Stockbridge and has completed projects in the past with Stockbridge executives at their former companies.
Chief Investment Officer, Managing Director
Stockbridge Real Estate Funds
“Over 20 years I have seen Mark Conroe excel in a number of different capacities: as the head of National development for Homestead Village, as the CEO of City Center Retail Trust, and as the leader of PDP. Mark is a developer with deep and diverse experience who has a clear grasp of the capital and local market trends that create opportunities as well as the fundamentals that create a profitable real estate project.”
PDP projects with Ephraim Greenwall (a 25 year Bay Area veteran real estate investor) include: (1) the development of 30 single family homes in Los Altos, CA; and (2) the redevelopment of 8th Street Market Place in downtown Boise, Idaho, a $10 million, 120,000 square foot retail and office project.
President and Founder
Talcott Holdings, Inc
“Talcott Holdings has invested in real estate projects with Mark Conroe in Silicon Valley and in Boise, ID over the past two decades. In every case, the investment performance far exceeded our expectations. Mark is one of the most analytically focused and intelligent real estate minds with whom we have invested over the span of three decades. PDP was instrumental in refinancing the debt on our 8th Street Marketplace project in a very tough financing market and has continued to add value by increasing occupancy and rents during one of the toughest leasing markets in decades.”