Peregrine Launches Inaugural Fund, Peregrine Land Investments I, LP
AUSTIN, TX – Peregrine Land Investments (“Peregrine”) today announced the formal launch and initial close of its first fund, Peregrine Land Investments I, LP (“Fund I”). As a systematic real estate investment firm, Peregrine’s founding team brings extensive experience in land brokerage, private equity real estate, and technology, having collectively brokered over 55,000 acres of Central Texas land and developed machine learning–driven platforms for real estate investment.
Fund I will acquire and hold raw land throughout the entitlement process, creating opportunities for builders and developers to access shovel-ready sites without tying up their balance sheets. This approach addresses a persistent shortage in shovel-ready housing lots while positioning investors to benefit from multiple converging market tailwinds—including robust population growth in the Texas Triangle (Austin, Dallas-Fort Worth, Houston, and San Antonio), ongoing demand for housing, and post-GFC underbuilding trends that have left a significant gap in finished lot supply.
“We saw an opportunity to apply quantitative methods to real estate investment and felt land was a natural starting place,” said Noah Pape, one of the firm’s Founding Partners. “The market for land is highly fragmented, and the underwriting and diligence processes are among the most complicated of any real estate asset class. By combining machine learning–driven underwriting, land expertise, and boots-on-the-ground knowledge, a scalable infrastructure has been built that can be expanded across geographies and asset classes.”
Tim Riley and Carlotta McLean, co-founders of Riley McLean Land, have nearly two decades of experience in complex land deals, establishing themselves as key players in Central Texas brokerage. They are joined by entrepreneurial investors Noah Pape and Stormey Barton, whose quantitative backgrounds underpin the firm’s technology-driven approach. Collectively, they began the journey in 2020, dedicating the past two years to refining a data-driven investment strategy and technology platform prior to launching Fund I.
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.