Pan & Piper was founded with the vision to connect accredited investors to unique investment opportunities that are often not marketed or generally available to the public. We focus on opportunities not typically offered by your financial advisor and our investing approach centers around where people consume, live, innovate, and connect.

From real estate projects such as the recently announced Golf and Entertainment complex in Johnston, IA and multimillion dollar commercial development in Henderson, Nevada to strong investment options that are diversified across multiple real estate asset sectors including entertainment, hotel, office, retail, self-storage, student housing and land acquisition, we offer a wide range of investment opportunities that should merge nicely with your current portfolio.

By leveraging a rigorous investment process, Pan & Piper has been able to successfully uncover attractive opportunities across the real estate spectrum. Whether an investor seeks potential growth through start-up companies seeking seed capital, emerging companies looking to expand, or as part of real estate funds which allowing our clients to invest alongside institutions, Pan & Piper has options that will work for you.

The loyalty of our clients is based on our earned reputation as an exceptional partner who does things the right way. We are proud to deliver both an enhanced deal flow and a premier experience for our clients, whether they are brand new or participating on their fourth or fifth project with us.

What do our present clients love about what Pan & Piper brings to the table? Certainly for many it is the successful investments and strongly positive returns they have seen with past offerings. They also love the option to Invest directly in vetted real estate projects from some of the nation's top project sponsors and developers as well as the ability to invest in projects directly managed by Pan & Piper.

For the new client, the firm starts by documenting investor goals and then comparing them with an individual’s current portfolio. We use proven investment strategies designed to meet risk tolerance and stand up against market volatility.

Our current clientele consists of a select group of sophisticated investors from across the United States. Started as a small midwestern core group, Pan & Piper has expanded to include individuals from across the United States and Canada--from Florida's Gulf Coast to the Pacific Northwest, and from California to Washington, D.C.

Still, our firm is committed to remaining small and focused. Allen speaks with each prospective partner, and has personally met most of them. Unlike many firms, each potential raise or opportunity is thoroughly vetted, including review by independent counsel with expertise in Securities and Regulatory law. You can count on unbiased recommendations and impartial guidance based directly on your needs and goals. Unique to our firm: the principals participate in EVERY opportunity that we present to potential investors. We have a personal stake in the success of any investment you make with us.

From investment strategy, capital implementation and beyond, we provide creative, fresh perspectives and practical advice that works to achieve tangible results for your portfolio.

Our standards for endorsing a project are extremely high. Most opportunities that we are presented with are passed on during the first phone call or after reviewing the first email. For those opportunities that warrant initial investigation, only about 1/4 lead to in-person/on-site evaluation. Of those, less than 1/3 result in our firm even beginning the process of rigorous diligence. Ultimately, we accept only a handful of options each year, and most of those relate to various funds or promising partnerships which involve directing clients to options outside our firm.

It is this diligence that has allowed us to be profitable for our clients in challenging times. Specifics of our successes are discussed below, with many occurring in times where real estate and the equities markets have been down. 2022 was a great year for our firm, whereas U.S. public REITs were down 25.6% and the S&P 500 dropped 18.1%^1,2. Since 2017, just eight projects have been accepted and directly managed by Pan & Piper and their subsidiaries.

If our standards for when we evaluate a project are extremely high, the bar for Pan & Piper directly investing and taking a managing partnership role are such that we rarely do that. Since 2017, just seven projects have been accepted and directly managed by Pan & Piper and their subsidiaries. Since fall 2021, only one project has met that criteria: The 35 acre Golf and Entertainment District in Johnston, IA.

All such projects have solid exit strategies. We have primarily been acquired by private entities, although have also dealt with publicly-traded entities. Of the eight projects, four have been sold, with an average exit 30 months after initial investment. All have generated a profit, ranging from 42% to 2.4X gains at sale, not including dividends paid during ownership. The group is in the process of exiting from a large commercial and residential real estate brokerage in a major metropolitan city, with 47.5% of our interest set to close in March 2023 and the remaining 52.5% to be sold in 2024. This entity will have been held for close to four years by the time of exit, and the brokerage has seen a 250% increase in revenues during this tenure, leading to a very favorable exit for our investors. Three newer acquisitions are currently active, including a pair of land acquisitions, one of which has appreciated over 200%.

It has been a great 2022, and given anticipated sales and the new Golf and Entertainment project breaking ground in April 2023 with expected completion 2024, we expect 2023 to be an amazing year.

Uncovering unique real estate opportunities around the country, particularly in a rising interest rate environment, requires viewing the asset class from every possible angle. The background of our team, as well as our relationships with long-time trusted industry allies, allows us to create a robust picture of each investment opportunity and strengthens our ability to underwrite and execute deals in any market.

How has real estate performed in past periods of rising rates? As the Federal Reserve tightens monetary policy in an effort to fight inflation, we can look to past periods of rising interest rates for some idea of how real estate may respond.

Historically, from a total return perspective, real estate has generally remained a top performer compared with stocks and bonds during cycles of Fed tightening. Between 1978 and 2021 there were 10 distinct years where the Federal Funds rate increased. Within these 10 identified years, US private real estate outperformed equities and bonds seven times and US public real estate was outperformed six times³.

We believe that even in times of economic uncertainty, real estate continues to deliver opportunity to investors. While the real estate market continues to evolve, nimble, experienced investors have looked to Pan & Piper for new ways to generate returns.

During periods of inflation and rising interest rates, real estate can provide a more stable relative growth outlook compared to other asset classes. Investors may benefit from a lack of volatility within the real estate market and hedge against drastic inflation increases over the near term.