Co-founded by Dan Piatkowski, Neal Wolf and Ryan Gallante, Performance Real Estate Advisors launched in March. The firm specializes in the sale of affordable housing throughout the U.S., with a special focus on the Midwest, from their headquarters in Lombard, Illinois.
The firm has experience with Project-Based Section 8 (HUD/HAP), Low-Income Housing Tax Credit (LIHTC) and various other programs.
Despite PREA’s recent launch, the team is no stranger to the space. Dan Piatkowski, Partner and Managing Director, for example, has been involved with affordable housing for years and has enjoyed working on projects across the U.S., despite being based in Chicago.
Flexibility is one aspect that makes the space uniquely attractive from a back-end perspective, and it comes with a lot of opportunity. Agents are able to play an active role in projects across the U.S. from anywhere, as long as they have the education and training to navigate the waters appropriately.
Transactions are different from those in other CRE spaces, and involve more hands-on collaboration, especially when working with novice investors that have limited experience the market.
“Affordable housing transactions are complex and require niche expertise,” Piatkowski said. “Through Performance Real Estate Advisors, we are continuing to dedicate all of our efforts in affordable housing, an underserved and growing commercial real estate sector with the right team in place to assist clients throughout the country.”
The firm’s unique, family-style approach to deal-making involves the inclusion of every member in every deal, which not only nurtures a rewarding and enjoyable environment for PREA, but greatly benefits the client experience, as well.
“We believe that performance drives results. It’s our motto,” said Partner Ryan Gallante. “Affordable housing brokerage and brokerage, in general, is very siloed. We are building a brokerage that is collaborative and a team environment.”
Additionally, PREA has invested significant time and money into digital and non-traditional resources in order to maximize their marketing and prospecting efforts.
It is because of their strong foundation that the team has already been able to build valuable relationships that have allowed PREA to lift off quickly, despite having launched less than one month ago. Several deals are launching throughout the Midwest, including Illinois, Missouri, Minnesota, Indiana, Wisconsin and Oklahoma.