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PEG Companies Announces the Successful Closing of PEG Extended Stay Conversion Fund, LP

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The fund has 17 assets in various stages of development, lease-up, and stabilization and could begin dispositions as early as November 2022.

Press Release

Aug 30, 2022 07:00 MDT

PEG Companies [PEG], a vertically integrated commercial real estate investment firm known for its unique approach to creating value, announced the successful closing of its third fund, PEG Extended Stay Conversion Fund, LP [PEG ESCF] with $120M in LP commitments.

PEG ESCF, a value-add fund focusing solely on the acquisition of aging extended stay hotels for conversion into quality Class B attainable multifamily housing, currently boasts 17 assets in various stages of…

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