About This Fund
Corten Real Estate Fund I LP is the debut commingled fund of Corten Real Estate Management LLC, a private real estate investment manager founded in 2018 by P.J. Yeatman (Managing Partner) alongside Rob Buccini, Chris Buccini, and Dave Pollin — all veterans of Buccini/Pollin Group, a Wilmington, Delaware-based real estate owner-developer with a decades-long track record in hospitality and mixed-use development across the Mid-Atlantic and Southeastern United States. The fund's strategy focused on middle-market preferred equity, mezzanine debt, and joint-venture equity investments in hospitality and real estate assets across the United States, deploying approximately $150 million in committed capital across a targeted portfolio of value-add properties, including a significant allocation to hotels and hospitality assets during the pandemic period when distressed pricing created compelling entry points for opportunistic capital. Fund I established the firm's track record and LP relationships, with the vast majority of investors recommitting to the successor Fund II, which reached a final close of $283 million in March 2024 — nearly double Fund I's size — reflecting strong institutional confidence in Corten's hospitality-focused value-add strategy; the firm has since expanded its mandate toward distressed multifamily assets while maintaining its differentiated co-investment and joint-venture platform.