Pelerin Capital Management, LLC develops, manages and owns commercial real estate in the Washington, DC metropolitan area. Its principals have extensive industry experience. They include experts in commercial real estate, accounting, finance and law. The Company was founded by Will Demory, its chief executive officer. It has built a record of success by following three key principals:
1. Applying industry best practices in financial management;
2. Focusing on strategically valuable assets; and
3. Building long-term tenant relationships.
The company maintains strong relationships with the major financial institutions serving the market.
Pelerin prides itself on a history of successful real estate projects. The most recent is the development of the Center for Women’s Health on the campus of Mary Washington Hospital in Fredericksburg, VA. This Center provides, at a single location, a full range of modern healthcare services dedicated to women. Unlike the typical health care facility, this Center offers the appeal of a boutique hotel.
Other projects have included single-family residential, multifamily, office and retail. Typical of these projects are office and retail centers located in densely traveled corridors. One such project is a 127,000 square foot office/retail complex on 12.5 acres located immediately adjacent to I-95 in Virginia. Smaller, strategically located centers are included in its portfolio.
It is Pelerin’s preferred practice to be the developer, or manager, of projects it expects to add to its long-term portfolio. This Company philosophy has proven successful for two reasons. First, it demands a thoroughly disciplined project analysis at the front end. Second, it limits the focus to projects expected to maintain a long-term comparative advantage in a competitive real estate marketplace.
Pelerin is headed by Will Demory. Mr. Demory has undergraduate and graduate degrees in economics and finance. After graduate school, he was a financial analyst. From 1981 through 1984 he was a senior federal executive engaged in domestic and international commercial issues. Following his government service he co-founded a successful international economic consulting firm. His work in commercial real estate began in the mid-1970s.