Pegasus
Pegasus Investments is a Los Angeles-based boutique commercial real estate investment advisory firm founded in 1988, offering investment sales, capital markets, asset management, and leasing services across the United States, with $3.7B+ AUM and 360+ properties serving high net worth individuals, family offices, and institutional investors.
- Company typePrivate
- Founded1988
- HeadquartersLos Angeles, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Pegasus does
Pegasus Investments is a fully integrated, boutique commercial real estate investment advisory firm headquartered in Los Angeles, California. Founded in 1988 as a family office by Ken Chasin, the firm operates through four core divisions: Pegasus Investments (investment sales and leasing), Pegasus Asset Management (PAM — full-service property and leasing management), Pegasus Capital Markets (PCM — debt placement and capital markets), and Strategic Partnerships (wealth-management-advisor channel). Pegasus specializes in net leased retail, 1031 tax-deferred exchanges, and multi-class commercial real estate transactions for high net worth individuals, family offices, REITs, pension fund advisors, and developers, with cumulative transaction volume exceeding $4 billion and assets under management surpassing $3.7 billion across 360+ properties, 5.0+ million rentable square feet, and 1,100+ tenants in 37 states.
The firm operates a vertically integrated advisory platform led by CEO David B. Chasin and President of Asset Management Seth N. Bell. Co-developed with FORE Enterprise, FORE Real is the company's AI-driven property management platform, featuring dedicated agents for property tax appeals, insurance compliance, lease abstraction, and tenant communications, and is being expanded to the broader commercial real estate market. Pegasus also maintains a proprietary client portal (ShareFile-based) for document access and exclusive listings and supports broker, investor, and tenant self-registration through its website.
Pegasus earns revenue via transaction fees on investment sales, asset management fees on managed properties, debt placement and financing arrangement fees, and advisory fees from strategic partnerships with wealth management firms and fiduciaries. Services are quote-based and tailored to transaction complexity, with no publicly disclosed pricing. GTM combines direct enterprise field sales, channel partnerships with RIAs/banks/trust companies/family offices, and a sales-led model across all four divisions. Pegasus has shown no public-market listing, funding rounds, or institutional equity backing and operates as a privately held firm with no external investors disclosed in available sources.
Pegasus firmographics
Firmographics- Name
- Pegasus
- Legal name
- Pegasus Investments
- Website
- https://pegasusinvestments.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Pegasus Investments is a Los Angeles-based boutique commercial real estate investment advisory firm founded in 1988, offering investment sales, capital markets, asset management, and leasing services across the United States, with $3.7B+ AUM and 360+ properties serving high net worth individuals, family offices, and institutional investors.
- Ownership category
- akta.pro rank
Pegasus industry classification
Industry- Product category
- Commercial Real Estate Advisory Services
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)
Keywords
Where Pegasus is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Pegasus business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Investment Sales Advisory: Advisory fees and transaction commissions from buying and selling commercial real estate properties. Services include 1031 exchange advisory, broker opinion of value, market analysis, due diligence support, and portfolio review.
- Asset Management Fees: Ongoing asset management fees for managing 360+ properties with 5.0+ million rentable square feet and 1,100+ tenants. Services include rent collection, budget preparation, financial reporting, property maintenance, tenant relations, and lender correspondence.
- Capital Markets Financing: Debt placement and financing arrangement fees from helping clients obtain optimal financing for commercial real estate investments. Services include loan placement, refinancing strategy, lender coordination, and capital structure review.
- Strategic Partnerships Advisory: Advisory services for wealth management firms, fiduciaries, banks, trust companies, attorneys, and family offices to help clients with directly held commercial real estate decisions.
Go-to-market motion3 records
Distribution channels2 records
Marketing channels4 records
Pegasus product offering
Product offeringCore offering
Pegasus is a fully integrated, boutique commercial real estate investment advisory firm providing investment sales, capital markets financing, asset management, and leasing services for high-quality commercial properties throughout the United States. The firm operates through three integrated divisions — Pegasus Investments (sales and leasing), Pegasus Capital Markets (debt financing), and Pegasus Asset Management (PAM) — managing 360+ properties, 5.0+ million rentable square feet, and 1,100+ tenants.
Product overview
Pegasus is a fully integrated, boutique commercial real estate investment advisory firm providing a vertically integrated platform with four core services: Pegasus Investments (investment sales and leasing), Pegasus Asset Management (PAM - property management and leasing of 360+ properties across the United States), Pegasus Capital Markets (PCM - debt financing and capital markets services), and Strategic Partnerships (wealth management advisory partnerships). The platform enables seamless transaction execution from acquisition through asset management to ultimate sale, with approximately $3.7 billion in assets under management across 360+ properties, 5.0 million+ rentable square feet, and 1,100+ tenants.
Differentiator
Problem solved
Functional benefit
Products and services
- Pegasus Investments (Sales & Leasing) Investment sales and leasing advisory for commercial real estate, representing high net worth individuals, family offices, institutional investment firms, REITs, pension fund advisors, and developers in buying, selling, and leasing high-quality investment properties nationwide. Includes 1031 exchange advisory, broker opinion of value, market analysis, due diligence, and portfolio review.
- Pegasus Asset Management (PAM) Full-service asset management firm specializing in management and leasing of commercial real estate properties throughout the United States, offering rent collection, budget preparation, financial reporting, property maintenance, tenant relations, and lender correspondence across 360+ properties with 5.0+ million rentable square feet and 1,100+ tenants and $3.7 billion+ in assets under management.
- Pegasus Capital Markets (PCM) Capital markets and debt financing services representing clients from institutional investment firms to individuals, with expertise in financing net leased retail properties and 1031 tax deferred exchange transactions. Services include loan placement, refinancing strategy, lender coordination, and capital structure review with commercial banks, credit unions, CMBS lenders, debt funds, and life insurance companies.
- Strategic Partnerships Partnership services for RIAs, banks, trust companies, family offices, attorneys, and other trusted advisors to help their clients make better decisions around directly held commercial real estate, bringing fiduciary-minded institutional-quality real estate advisory to wealth management firms.
Quantifiable outcome
- $4 billion+ in completed transaction volume since inception
- +4 more outcomes
Companies that use Pegasus
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Pegasus technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Pegasus partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- FORE EnterprisecoreFORE Enterprise partnered with Pegasus to launch FORE Real, the first AI property management platform developed inside a commercial real estate firm. Pegasus, managing $4 billion in real estate wealth across 400 properties, helped co-develop the platform's suite of AI agents for property tax appeals, insurance compliance, lease abstraction, and tenant communications. After successful internal deployment, FORE is expanding FORE Real to the broader commercial real estate market.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Pegasus competitors and assessment
Company assessmentDirect peers
- Marcus & Millichap: Publicly traded (NYSE: MMI) national investment real estate brokerage specializing in net lease and retail investment sales—Pegasus's closest direct peer in asset focus and client base.
- SRS Real Estate Partners: National CRE services firm with deep net lease retail investment sales and tenant representation practices, directly overlapping with Pegasus's investment sales and leasing platform.
- Stan Johnson Company: Boutique net lease investment sales specialist (now part of JLL) that competes head-to-head with Pegasus for single-tenant net lease retail mandates across the U.S.
- Institutional Property Advisors (IPA): Marcus & Millichap's institutional investment sales arm, focused on large-block multifamily, retail, and net lease transactions—directly competitive for the institutional mandates Pegasus targets.
- Eastdil Secured: Leading CRE investment banking advisor for large institutional transactions and debt placement, comparable in capital markets capabilities to Pegasus Capital Markets at the larger end.
Broad incumbents
- Newmark Group: Global full-service CRE services platform (NASDAQ: NMRK) with capital markets, investment sales, and agency leasing capabilities that subsume Pegasus's service lines at greater scale.
- Jones Lang LaSalle (JLL): Global CRE services leader (NYSE: JLL) offering investment sales, debt placement, and asset management across all major asset classes—a scaled incumbent competing for many of the same mandates.
- CBRE Group: Largest global commercial real estate services firm (NYSE: CBRE) providing investment sales, debt/equity placement, and property management across all major CRE sectors.
- Colliers International: Global CRE services platform (NASDAQ: CIGI) with investment sales, capital markets, and project management; multiple Pegasus team alumni have Colliers backgrounds, signaling direct overlap.
- Cushman & Wakefield: Global CRE services firm (NYSE: CWK) covering investment sales, debt/equity advisory, and property management across all asset classes at a scale several multiples of Pegasus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pegasus social profiles
Digital presencePegasus financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pegasus leadership team
Management profileNumber of profiles
Profiles9 records
Pegasus subsidiaries and ownership
Company hierarchySubsidiaries2 records
Pegasus funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pegasus M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pegasus
What does Pegasus do?
Pegasus is a fully integrated, boutique commercial real estate investment advisory firm providing investment sales, capital markets financing, asset management, and leasing services for high-quality commercial properties throughout the United States. The firm operates through three integrated divisions — Pegasus Investments (sales and leasing), Pegasus Capital Markets (debt financing), and Pegasus Asset Management (PAM) — managing 360+ properties, 5.0+ million rentable square feet, and 1,100+ tenants.
Is Pegasus a public or private company?
Pegasus is a private company. It is classified as family owned and is currently operating.
When was Pegasus founded?
Pegasus was founded in 1988. It employs 11 to 50 people.
Where is Pegasus based?
Pegasus is headquartered in Los Angeles, United States, in the North America region.
How does Pegasus make money?
Four revenue lines are on record. Investment Sales Advisory is the primary driver. The others are asset Management Fees, capital Markets Financing and strategic Partnerships Advisory.
Who are Pegasus's main competitors?
Direct peers on record are Marcus & Millichap, SRS Real Estate Partners, Stan Johnson Company, Institutional Property Advisors (IPA) and Eastdil Secured. Broad incumbents are Newmark Group, Jones Lang LaSalle (JLL), CBRE Group, Colliers International and Cushman & Wakefield.
Does Pegasus have an API?
No public API is recorded for Pegasus.
What industry is Pegasus in?
Pegasus's product category is Commercial Real Estate Advisory Services. Its primary akta.pro industry code is FSAAACAG, Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions). Its NAICS code is 523940 and its SIC code is 6282.