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PM Real Estate Services

Los Angeles, CA
Assets ManagedAUM
$40M
Open on Relli
$50M
Asset Class
Residential

Overview

Licensed, bonded and insured California general contractor, led by Pavan Maddi, whose 20+ years span residential and commercial projects.

Track record

  • Licensed general contractor since 2016
  • Project managers with 20+ years' experience
  • First $5M of REM RE Fund I invested

Who leads it: Managing Director Pavan Maddi owns and runs PM Real Estate Services and Real Estate Mechanics. At T-Curtis and Company, the CPA firm on HUD's national REO contract, he oversaw 50+ staff on over $250 billion in HUD home purchases and sales.

How they build: projects are value-engineered with Real Estate Mechanics in design, then built through the firm's network of vendors, trades and wholesale suppliers.

Role in REM RE Fund I: field service manager, handling day-to-day and hard construction plus rental maintenance, at cost plus 10% of direct construction cost.

What they do: fix and flips, single-family homes, 2-4 unit, condo and townhome projects, and garden-style apartments, plus maintenance and tenant repairs for multifamily properties Real Estate Mechanics manages.

Asset manager: Real Estate Mechanics (REM), a California brokerage and development firm, handles due diligence, design and permits, property management and sales. Its education program links it to 20,000+ Southern California real estate professionals who bring deals.

Credentials: Pavan Maddi holds a BBA from Cal Poly Pomona and a master's in real estate development and finance from Georgetown, and was a national trainer for single-family asset management systems.

Investments

REM RE Fund I, LP

By PM Real Estate Services

Los Angeles, CA · Growth

OpenTarget Return 19.0%
REM RE Fund I, LP

Leadership

Pavan Maddi

Investment Strategy

Value through construction: buy aged, distressed Southern California homes and land, then renovate, add ADUs or build new through affiliated firms.

  • Projects: fix and flip or hold, single-family homes, apartments up to 50 units
  • Markets: Los Angeles and Orange counties first, then San Diego, Ventura and inland counties
  • Buys: renovations at 50-70% of after-repair value, land at land value minus demolition
  • Selection: fewer than 5% of sourced projects are approved

Hold or sell: renovated homes that meet a 6% cap rate are kept as rentals. Stabilized rental developments can be refinanced with Freddie Mac or Fannie Mae.

Where it builds: cities easing housing shortages with streamlined permitting and density bonuses.

How it is run: Real Estate Mechanics finds, designs, leases and sells each project, and PM Real Estate Services value-engineers and builds it. Pavan Maddi owns both.

Common Questions

A residential real estate sponsor based in Los Angeles, CA, managing about $40M in assets, with 15 years in business. The Overview above covers their background and approach.

In each offering's documents, including the PPM, under Documents on the offering page. They set out the fees, distributions and any lock-up or withdrawal terms.

It depends on the offering. Each offering page and its documents show how often distributions are expected and whether you can reinvest them.

Private real estate is usually held for several years. Each offering shows its target hold period, and its documents set out any lock-up or withdrawal terms.

Yes. Tap Express Interest on their investment and PM Real Estate Services or Relli will set up a video or phone call.

1 Active Investment
REM RE Fund I, LP
Target return 19.00%
Contact & links
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