2. It’s Not a Secret Anymore!
Where are we today?
FIRST PORTFOLIO - 8-pack (6 Residence Inns)
• Sacramento, Santa Fe
• Tampa
• St Louis
• Boston and Chicago
SECOND PORTFOLIO - 5-pack (4 Residence Inns)
• Longer-term hold
“PEG Companies plans to convert the 32-year-old Residence Inn by Marriott near Christus St. Vincent Regional Medical
Center in Santa Fe, NM into…apartments. The development company has similar projects underway in other states and more
than 10 conversions in the pipeline.”
-- Daily Lodging Report
3. Creativity is Required in Today’s RE Market
“Creativity is just connecting things. When you ask creative people how they did something,
they feel a little guilty because they didn’t really do it, they just saw something. It seemed
obvious to them after a while”
– Steve Jobs
4. PEG Strengths and Strategic Capabilities
• Urban & Suburban/Urban experience and "know-how"
• City entitlement and City finance experience
• Slightly off mainstream, but not completely off
• Hospitality / Multifamily