Peregrine Land Investments I, LP Announces Final Close
AUSTIN, TX – Peregrine Land Investments (“Peregrine”) today announced the final close of its inaugural fund, Peregrine Land Investments I, LP (“Fund I”). The systematic real estate investment firm successfully secured commitments totaling $78.75 million, marking a key milestone in its mission to address the shortage of developable land across high-growth regions in the Texas Triangle and beyond.
Fund I, which launched with an initial close in October 2023, has already acquired 201 acres near Del Valle, Texas to support future residential development. Peregrine’s leadership team blends decades of land brokerage expertise with machine learning–driven underwriting, enabling the firm to identify and hold pre-development properties through the entitlement process in collaboration with builder and developer partners.
“Reaching our final close is a testament to the confidence our investors place in our data-driven approach,” said Noah Pape, one of the firm’s Founding Partners. “We have demonstrated our ability to pinpoint high-potential properties—like our Del Valle acquisition—and we remain committed to systematically acquiring well-located land assets poised for future growth.”
Peregrine was established to address ongoing housing shortfalls by bridging the gap between raw land and shovel-ready sites. The firm’s founding team—real estate veterans Tim Riley and Carlotta McLean, together with entrepreneurial investors Stormey Barton and Pape—collectively combines decades of hands-on land transaction experience with robust quantitative methods. By leveraging proprietary technology and rigorous processes, Peregrine intends to deploy Fund I efficiently while continuing to source additional properties for future acquisitions.
About Peregrine Land Investments
Peregrine Land Investments is a private real estate investment firm based in Austin, TX, with approximately $79 million in assets under management. Through Fund I, the firm employs a systematic, technology-driven approach—utilizing machine learning and rigorous underwriting processes—to identify, acquire, and entitle strategically located land assets. Peregrine’s mission is to create long-term value for investors by engineering dynamic systems that anchor resilient investment strategies. The firm upholds its core values of Analytical Rigor, Entrepreneurial Creativity, and Principled Stewardship to set the standard for innovation in real estate investing.
For more information, please visit: www.peregrineland.com
Media Contact:
Peregrine Land Investments
1100 W 6th St, Austin, TX 78703
Email: info@peregrineland.com
Disclaimer: This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offers to sell or solicitations of offers to buy securities will be made solely to qualified investors pursuant to separate offering materials.