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Apartment community in the Southeast United States at dusk

Private multifamily real estate investment

Build Generational Wealth.
Do It Now.

PCRE Capital acquires and operates value-add A-, B & B- class apartment communities in good areas across Florida, Georgia, the Carolinas, Tennessee, Texas and Missouri, with conservative leverage and a long-term ownership mindset. Real assets, disciplined execution, durable cash flow.

4,000+units owned & operated by our team
100+years of combined real estate experience
70+units per acquisition
1983+vintage, A-, B & B- class

Why we exist

Most people know what they should do with their money. Few ever start.

PCRE Capital was founded on a simple belief: wealth that lasts more than one generation is built from real assets, owned with discipline, over time. Multifamily housing in growing Southeast markets is where we do that work.

We buy well-located apartment communities that have been under-managed or under-invested, improve them for the people who live there, and operate them for the long run. Our partners get a team that says no often, underwrites conservatively, and reports plainly.

IntegrityExcellencePersistenceFamilyFreedom
Vitaliy Pechenyuk, Managing Partner of PCRE Capital, in the PCRE Capital office

Investment strategy

A precise buy box in markets people keep moving to.

We focus on value-add A-, B & B- class multifamily in good, established neighborhoods across 7 states, each with a stable or growing population. Narrow criteria let us move quickly on the right deal and walk away from the wrong one.

The buy box

Asset class
Value-add A-, B & B- class multifamily
Size
70+ units
Vintage
Built 1983 or later
Location
Good, established neighborhoods in growing or stable-population markets
Leverage
Conservative, cash-flow first
Hold
Long-term ownership
City skyline at dusk

Target markets

FloridaGeorgiaSouth CarolinaNorth CarolinaTennesseeTexasMissouri

Stable or growing populations, steady job growth and established, desirable neighborhoods.

How we work

Disciplined from first look to final report.

Renovated apartment interior with modern kitchen
  1. 01

    Source with discipline

    We screen a high volume of opportunities across our target markets and pursue only those that fit a defined buy box. Saying no early is how we protect capital.

  2. 02

    Underwrite conservatively

    Every deal is stress-tested for rent, occupancy, expenses, interest rates and exit assumptions before we submit an offer. Conservative leverage is a rule, not a preference.

  3. 03

    Execute the value-add plan

    Unit renovations, operational improvements and better management raise the resident experience and the property's performance in a measured, budgeted sequence.

  4. 04

    Operate and report

    We manage the asset for durable cash flow and communicate with our partners clearly and on a regular cadence. No surprises.

Portfolio

Building wealth through real assets.

Real estate is more than buildings. It's an opportunity to create durable assets, improve communities, and build something that can outlast a single generation. We focus on multifamily communities where disciplined operations and thoughtful improvements create value over time.

Our buy box
Garden-style apartment community with palm trees and pool
Garden-Style CommunitiesMultifamily · 70+ unitsValue-add / Repositioning
Mid-rise apartment building lit at night
Mid-Rise ResidencesMultifamily · 70+ unitsOperational improvement
Apartment community near a city skyline at sunset
Urban Infill CommunitiesMultifamily · 70+ unitsLong-term ownership

Representative images of the asset types we target.

Why now

Waiting has a cost.

People wait for the conditions to line up. They rarely do. Every one of these feels responsible in the moment and expensive in hindsight:

  • More money
  • More confidence
  • More information
  • More time
  • Better circumstances
  • The perfect opportunity

Action is what produces the things you are waiting for.

Clarity→Experience→Confidence→Momentum
Do It Now
You don't become ready and then take action. Often, you take action and become ready.Every year you postpone important decisions is a year you cannot get back. The compounding you skip today is not available later at a discount.
4,000+Units owned & operated by our team
100+Years of combined real estate experience
70+Units per acquisition
1983+Vintage, A-, B & B- class
7Target states
Long-termOwnership horizon

Leadership

Operators and owners, not spectators.

Decades of combined multifamily ownership, thousands of units operated, and a shared commitment to doing right by residents and investors.

Vitaliy Pechenyuk, Managing Partner at PCRE Capital

Vitaliy Pechenyuk

Managing Partner

Vitaliy is an entrepreneur and real estate investor who has founded ten businesses since immigrating to the United States from Kazakhstan. A former boxer, he brings the same discipline to acquisitions: clear criteria, conservative numbers and relentless follow-through. He founded PCRE Capital to build generational wealth for his family and his investors through disciplined multifamily ownership.

Rod Khleif, Senior Advisor at PCRE Capital

Rod Khleif

Senior Advisor

Rod brings 42 years of real estate ownership and management experience. He has owned over 2,000 single-family rental homes and thousands of multifamily apartment units. Rod hosts Lifetime Cash Flow Through Real Estate Investing, the largest commercial real estate podcast in existence with over 20 million downloads, and the largest multifamily education group on Facebook with over 55,000 members. He is most proud of The Tiny Hands Foundation, the 501(c)(3) he founded, which has benefited over 160,000 at-risk children in Florida.

Charlie Peters, Business Partner at PCRE Capital

Charlie Peters

Business Partner

For over 25 years, Charlie has owned and operated multifamily properties and office space. He has bought and sold single-family homes, smaller and larger multifamily communities and office properties across 13 states, with a primary focus on adding value to troubled multifamily assets in the Eastern United States. He purchased his first apartment complex in Tallahassee, FL in 2002 and has spent more than 20 years purchasing, renovating and repositioning apartment complexes and office buildings. Charlie is deeply involved in giving back to his community and in helping investors reach their financial goals.

Ed Modzel, Business Partner at PCRE Capital

Ed Modzel

Business Partner

Ed is a commercial real estate investor specializing in multifamily syndication. He is a General Partner and Key Principal on a $150MM+ multifamily portfolio concentrated in the Southeast United States, a commercial real estate coach, and host of a weekly Zoom and a monthly meetup in Manhattan. After six years in the US Navy, Ed spent much of his career as Chief Engineer of a ten-time Emmy Award winning television show in New York, retiring in 2015. He and his wife Pilar have been married for over 42 years.

Investors

Start with a conversation, not a pitch.

We invest alongside our partners and prefer to know them before we ever discuss an opportunity. A 15-minute call is the fastest way to learn how we source, underwrite and operate, and whether we are a fit for your goals.

Book a 15-minute call

Who can invest with PCRE Capital?

Our opportunities are offered privately and, where applicable, only to accredited or otherwise qualified investors. The first step is always a conversation so we understand your goals and you understand how we work.

What do you buy?

Value-add A-, B & B- class multifamily communities of 70 or more units, built 1983 or later, in good, established neighborhoods of Florida, Georgia, South Carolina, North Carolina, Tennessee, Texas and Missouri, where a clear value-add plan can improve both the resident experience and the property's performance.

How do I get started?

Book a 15-minute introductory call or join our investor list. We will follow up personally.

I'm a broker. Where do I send deals?

Send offering memorandums and deal packages to deals@pcrecapital.com.

Thank you. We received your details and will follow up personally.

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