PM Real Estate Services
A California-licensed general contracting firm that renovates and builds homes and multifamily properties across Southern California, working with the affiliated brokerage and asset manager Real Estate Mechanics. On Relli, its offering is REM RE Fund I, LP.
$40M AUM · $50M open on Relli · Residential asset class · as of Oct 29, 2026
Who they are
PM Real Estate Services is led by Managing Director Pavan Maddi, who has more than 20 years of experience on residential and commercial real estate projects and is also president of the affiliated brokerage, Real Estate Mechanics. Earlier in his career, he oversaw more than 50 accounting staff at T-Curtis and Company on the national contract for HUD’s REO Division. The firm’s California General B contractor license was issued in 2016.
Licensed to build
As a licensed general contractor, the firm runs renovation and ground-up construction itself, from fix and flip projects to garden-style multifamily, with project managers who have 20+ years of residential construction experience.
Buying below finished value
Renovation projects are targeted at 50 to 70% of after-repair value, and development sites at land value minus demolition cost. Fewer than 5% of sourced projects are approved for investment.
A Southern California focus
Los Angeles and Orange Counties first, then San Diego and Ventura, with local knowledge of ADU programs, density bonuses and permitting. Real Estate Mechanics has built relationships with over 20,000 Southern California real estate professionals.
Their offerings on Relli
REM RE Fund I, LP: Growth Fund · Southern California · 19% target (a projection, not a guarantee) · $50K minimum · 2.33x projected equity multiple over a projected 7-year fund life. Accredited investors only. Investing involves risk.
