Riley McLean Land

Peregrine Land Investments is a tech-enabled land investment firm that is revolutionizing the real estate industry with its unique approach, leveraging machine learning and AI technology to make land investments more efficient and profitable. Our team of experienced professionals, with over 50 years of combined experience and a proven track record of ~$1B in transaction value since 2015, has developed a robust platform that streamlines the investment process and ensures maximum returns.

Our approach is centered around the idea that the real estate industry is shifting from the traditional mantra of "location, location, location" to "location, experience, analytics." By combining the expertise of our land experts with the power of technology, we are able to identify the most attractively priced, developable land in the path of growth, and execute a diversified strategy for disposition.

Our Investment Strategy

Our investment strategy is based on a repeatable process that targets attractively priced, developable land in the path of growth. We focus on low-volatility assets with a nominal correlation to the U.S. equities market, backed by strong long-term tailwinds. Our portfolio is geographically diverse, with low holding costs and, in most cases, agricultural tax-exempt status.

We primarily focus on assets that are located in the path of development on a 3-5 year time frame, buying ahead of the 40-70% appreciation that occurs as the land becomes suitable for near-term development. Within these emerging submarkets, we use our platform to immediately filter opportunities on development constraints, allowing us to focus our efforts on assets that are highly developable or have development potential that we can unlock.

Our Technological Competitive Advantage

Peregrine's technological competitive advantage is built around our ML-powered platform, which uses machine learning and AI to identify the best investment opportunities across the state as soon as they come on the market. Our platform integrates live market data, geographic information system, and proprietary machine learning models trained with historical sales data from across the state.

With this platform, we are able to assess migration patterns, land constraints, and pricing dynamics to identify emerging high-growth submarkets and rank assets by investment criteria fit. This allows us to take a disciplined, risk-aware approach to pricing and ensure that we are identifying the most attractively priced opportunities in the process.

Our Team

Peregrine's principals have over 45 years of combined real estate experience and contribute a breadth of technical knowledge. Our team includes Tim Riley, Carlotta McLean, Noah Pape, Sam Ehlinger, Stormey Barton, and Ben Richards, who serves as the Head of Engineering. Together, we leverage our collective expertise and technological capabilities to drive growth and profitability in the land investment space.