Experienced Real Estate Investor and Manager
A graduate of Syracuse University, Peter Hungerford obtained a bachelor of science in accounting and economics from its Martin J. Whitman School of Management in 2005. Around the same time, he co-founded a real estate investment advisory and brokerage in New York City and, over the course of five years, closed in excess of $100 million in transactions, finding value through cash flow models and regression analysis. Peter Hungerford left the brokerage business in 2009 to attend Columbia University, where he earned master’s degrees in operations research and mathematics of finance.
After completing his master’s degrees, Peter Hungerford founded PH Realty Capital in 2011. Continuing to serve as managing principal of the company, he prioritizes investments in distressed properties with value-add opportunities. Mr. Hungerford amassed a portfolio exceeding 1,000 units, acquired through more than 100 transactions, within a few years of launching the company. To date, he has acquired more than 3,500 units, renovated more than 1,500 apartments, and completed more than $5 billion worth of real estate transactions.
Describing himself as a nimble owner-operator and steward of capital, Mr. Hungerford draws upon extensive property ownership and management experience to conduct thorough analyses of properties before making an offer. He is also versed in leasing, marketing, bookkeeping and accounting, and construction. He and his team at PH Realty Capital manage all bookkeeping and construction aspects in-house with methodical oversight of budgeting, contractors, and value engineering.
Notable properties Peter Hungerford has acquired and renovated include 617-629 West 170th Street and 545 West 125th Street, both in Manhattan. He purchased the former, a 100-unit apartment building, in partnership with UHNW family office and, following improvements to more than 25 units, is projecting double-digit cash-on-cash returns for several years. Mr. Hungerford invested more than $3.5 million in equity in 545 West 125th Street and is projecting an internal rate of return of more than 30 percent.