COMPANY HISTORY

The PNL Companies today is a family of investment partnerships and corporations focused on value-add and opportunistic real estate and mortgages.  Formed by David Porter and John Gilbert in 1993 as a private sector partner for the Resolution Trust Corporation, PNL quickly distinguished itself with the best performing RTC joint ventures both for the N-Series and JDC programs.  PNL acquired approximately $1 billion of book value assets in its four RTC joint ventures. 

As our RTC related activity wound down, our acquisitions focus shifted to special situation loans and real estate from banks, insurance companies and larger opportunity funds. PNL financed these acquisitions directly and with a number of private sector partners including Blackacre Capital (Cerberus) which was our financial partner from 1995 to 2006. 

In 2005, PNL raised a discretionary fund, PNL Insitutional Partners, L.P., with top-tier institutional investors and substantial internal equity to acquire over $250 million of opportunistic loans and property throughout the United States and Canada as well as provided real estate venture capital to middle-market real estate entrepreneurs.  

Though markets have changed since we were founded, PNL’s fundamental focus remains acquiring special situation real estate and mortgages with an outstanding team of professionals and staff.
 
 
 
 

The PNL Companies ©