Pegasus

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.

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

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

• Commercial real estate advisory
• Investment sales brokerage
• Asset management services
• Capital markets financing
• Net lease retail

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Core 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

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• FORE EnterprisecoreStrategic or Co-development Partner · 14 May 2026FORE 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

Direct 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

• LinkedInlinkedin.com/company/pegasusinvestments/jobs
• Xx.com/pegainvestments

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pegasus