Birgo Capital | Pittsburgh Real Estate Private Equity Investment Firm (2024)

FAQs

Who owns Birgo Realty? ›

Birgo Realty was founded in 2012 by owners Andrew and Shannon Reichert.

What is Real Estate Private Equity? Real Estate Private Equity (REPE) refers to firms that raise capital to acquire, develop, operate, improve, and sell buildings in order to generate returns for their investors.

As of Apr 30, 2024, the average annual pay for a Private Equity Real Estate Analyst in California is $95,681 a year. Just in case you need a simple salary calculator, that works out to be approximately $46.00 an hour. This is the equivalent of $1,840/week or $7,973/month.

Since PE deals are bigger, they have more money to pay their people. So, PE jobs generally pay more than VC. But both can be rewarding career paths!

In 2018, Jackson Lim Jr. joined the company as Chief-Executive-Officer (CEO).

Jackson Lim Jr., Chief Executive Officer (CEO), is a Licensed Real Estate Consultant– the highest level of credential – and co-founder of Top Realty.

One disadvantage of investing in PERE is that it's less liquid. Unlike REITs, which are publicly traded like stocks, real estate cannot be easily converted to cash at its fair market value. Selling an apartment complex or office building, for example, may take months or years to secure the optimum market rate.

Pros of investing in private equity real estate include higher returns compared to public market investments, passive income generation, and potential tax benefits. Cons of private equity real estate investing include management fees, high entry points, and long investment periods, exposing investors to market risks.

Private equity funds are closed-end vehicles with a fixed maturity determined in the limited partner agreement–usually around 10 years. This is designed to give the manager time to source investments, grow companies and harvest capital. Real estate liquidity, on the other hand, is variable.

Private Equity Real Estate Returns

Annual returns in the 6% to 8% range for core strategies and 8% to 10% for core-plus strategies are not uncommon.

How rich to invest in private equity? ›

The required minimum investments are often as high as $25 million, and the Securities and Exchange Commission (SEC) only allows “accredited investors” to participate.

Real Estate Private Equity Definition: Real estate private equity (REPE) firms raise capital from outside investors, called Limited Partners (LPs), and then use this capital to acquire and develop properties, operate and improve them, and then sell them to realize a return on their investment.

Private equity is typically considered less risky than venture capital. It involves investment in less volatile industries and focuses on later-stage businesses. However, both are still risky endeavors, and private equity requires significantly more money than venture capital.

Ultimately, it depends on your goals and needs. If you're an established company looking to expand or restructure, PE may be a better fit. If you're an early-stage company looking to grow and develop, VC investment would make more sense.