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 dozens of 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:
Encore Capital Management
Merrill Lynch Capital
Bank of the West
First Republic Bank
Heritage Bank of Commerce
Imperial Capital Bank
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.”
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 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, two office/retail projects in Palo Alto and two residential projects in San Francisco.
Devcon Construction, Inc.
“I have worked with Mark Conroe for over 30 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 opportunities with PDP.”