Buying Below the Note | Family Office Club Summit

What if you could buy a large apartment property for about 70 cents on the dollar of what's owed on it? In this talk, Anna Murphy, Founder & CEO of PIR Investment Management, explains her strategy for buying distressed multifamily debt below face value, repositioning the property, and selling it once stabilized. She also shares the $50M joint venture partnership PIR is seeking to scale it. WHO WE ARE Anna has 20+ years in real estate across brokerage, advisory and capital, and leads three firms: PIR Investment Management (pirinvestment.com): capital advisory and investment management, connecting high-net-worth and institutional capital with vetted sponsors. PIR Commercial Realty (pircommercialrealty.com): commercial brokerage for hotels, apartments, land, and senior and student housing. Pink Ink Realty (pinkinkocrealty.com): luxury coastal residential brokerage in Orange County. THE STRATEGY: MULTIFAMILY NPL SHORT SALES PIR targets non-performing loans (NPLs) secured by multifamily properties of 200+ units. PIR negotiates directly with the lender, buys the note at a discount through a short sale, and takes title to the property as part of the deal. 200+ units per property Target purchase price of about 70% of the note's face value Structure: note purchase plus title to PIR THE 4-STEP PROCESS 1. Source: Identify NPLs secured by 200+ unit multifamily properties. 2. Acquire at a discount: Buy the note via negotiated short sale and take title at about 70% of face value. 3. Reposition: Resolve the loan and complete value-add improvements. 4. Exit: Sell the stabilized asset to realize the return. THE OPPORTUNITY: A $50M JV CAPITAL PARTNER PIR is seeking a JV capital partner with a target commitment of $50 million in a revolving structure, with a target hold of 2-3 years per asset. As asset-based debt is placed on each repositioned property, proceeds are redeployed into more short-sale acquisitions or returned to the JV partner at their election. ALSO ... opportunities for investment into the following.. Winery acquisition: an established wedding business acquiring a winery. Apartment operator: a former PIMCO team buying 50-100 unit assets. Luxury hotel developer: a significant pipeline and luxury hotel track record. Real estate technology: a platform PIR is building, open to VC partners. HOW WE OPERATE Integrity: We do what we say and protect our investors as carefully as ourselves. Transparency: What we agree to verbally is exactly what we put in writing. Respect: Long-term partnerships, not one-off transactions. LET'S CONNECT PIR is seeking to manage $50-100 million in family office capital. Family offices and capital partners interested in building a relationship can reach Anna directly: Text or call: 747-219-8119 Email: anna@pirinvestment.com pirinvestment.com | pircommercialrealty.com | pinkinkocrealty.com Like, subscribe, and leave your questions in the comments. DISCLAIMER For informational and educational purposes only. Not an offer to sell or a solicitation of an offer to buy any security. Distressed debt and NPL investing involves substantial risk, including possible loss of principal. All targets mentioned are hypothetical and not guarantees of performance. Any offer will be made only through definitive offering documents to accredited investors. #RealEstateInvesting #Multifamily #ShortSale #NonPerformingLoans #DistressedDebt #FamilyOffice #CommercialRealEstate