Picerne Development

Since 1925, Picerne Development has been committed to creating communities people are proud to call home. We have prospered through the decades by quickly and effectively responding to new housing opportunities and changing market conditions, both nationally and internationally.

United States

Picerne has earned a reputation as a developer who balances respect for value with sensitivity to environment and design. Multifamily communities are our strength. After developing and building thousands of apartment homes, Picerne has refined the ability to assess proposals on the basis of sound economic principles, not current fancy. Because we build primarily for our own account, we put down roots in a community. In fact, the first apartment complex we ever built is still owned and managed by Picerne.

Our extensive experience in developing both small and large projects includes everything from high-density apartment buildings with structured parking to low-density townhome communities and single-family home subdivisions. Our range of development experience includes high-end luxury developments and affordable multifamily communities.

Picerne couples prime sites with solid research to ensure uncompromising profitability. To act quickly on proposals, we have regionalized development, construction and property management operations. This approach enables us to thoroughly evaluate opportunities based on an intimate knowledge of local markets, complemented by the exceptional capitalization of a large, national company.

Puerto Rico

Picerne’s approach to building quality communities is based on Picerne’s commitment to long-term value. For over 80 years, we have constructed high quality housing that stands the test of time. We bring that same philosophy and commitment to Puerto Rico.

Picerne is committed to Puerto Rico for the long-term. Our Puerto Rico office is located in the heart of downtown San Juan. All of our Puerto Rico operations are conducted here. We hire local people to run our operations – the people who know best and have pride in Puerto Rico.

Puerto Rico is in great need of quality social interest housing. And it is a priority for Puerto Rico to build new housing quickly. Demand is high, but there is little available. Understanding that need, Picerne entered the market to build upon its expertise and its success in the continental United States. Picerne is committed to help meet the high demand.

Picerne’s Puerto Rico Office Offers a Full Range of Real Estate Development Services:

• Project feasibility and research
• Site selection
• Regulatory permitting and approvals
• Financing
• Design
• Construction management
• Property Management
• Leasing