The deals others hand back.
The business plans they
couldn’t finish.
Longacre acquires and operates distressed and special-situations real estate across the United States, multifamily and hospitality, alongside the operators who finish what they start.
A national platform built for the situations the market hands back.
Longacre is the national vehicle through which the principals of PH Realty Capital and Rockledge pursue large-scale distressed and special-situations real estate, multifamily and hospitality. The partnership owns and operates residential assets across thirteen states, from rent-regulated workforce housing to free-market and luxury rentals, and extended-stay and select-service hotels across the Midwest.
We take what the rest of the market hands back, assets with operational distress, capital-structure stress, or business plans earlier owners could not finish.
The platform has executed some of the most complex transactions of the cycle, including the 2024 acquisition of twenty-four NYC buildings for $180 million and the 2025 purchase of thirty-four rent-regulated Bronx properties from a Related Companies fund for $192.5 million.
Longacre exists so capital partners can participate in those situations with operators who own the entire stack, from acquisition to property management, and who finish what they start.
Three hundred units and complexity, in markets we already operate.
We pursue communities of three hundred units and above, typically located in or around major U.S. markets where the partnership already owns. The work is principal capital, applied to operational distress, capital-structure stress, and lender-driven workouts.
Longacre transacts as a principal. We close on the timelines special servicers, CMBS workout groups, and lenders actually need. After close, the partnership’s vertically integrated operating platform takes over.
Houston.
541 units.
A workforce community acquired out of distress and being repositioned under a focused operational turnaround.
Acquired May 2026. Operational and capital-structure issues are being addressed in parallel: stabilizing leasing and collections, completing deferred capital projects, and preserving the property’s role as workforce housing.
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