Pacific Elm Properties

What Pacific Elm Properties does

Pacific Elm Properties is a Dallas-based, vertically integrated real estate investment and development firm focused on Class A office and mixed-use properties in Texas and North Carolina. Its existing portfolio comprises six Class A towers totaling 4.4 million square feet of office, residential, hotel, and retail space concentrated in Uptown and Downtown Dallas — including Santander Tower, Ivy Park, Field Street District, Parkside (Bank of America Tower at Parkside), Bryan Tower, 2100 Ross Avenue, and the AT&T Plaza / Discovery District — plus 10 acres of developable Dallas land and 80 acres in Raleigh. The firm generates revenue through three streams: commercial leasing across owned and managed Class A space (recurring), real estate development and adaptive reuse including office-to-residential conversions and mixed-use new construction (transaction-based), and ongoing asset management services (recurring). Pacific Elm's development and adaptive reuse pipeline totals 9.7 million square feet, encompassing 2.8 million square feet of office, 4,400 residential units, 1,000 hotel keys, and 500,000 square feet of retail. The leadership team has executed over $6 billion in real estate transactions across office, residential, industrial, retail, and mixed-use asset classes over a 30-plus-year operating history, and most recently secured a $132.5 million loan from CIM Group in November 2025 to fund Phase 2 of the Santander Tower adaptive reuse project. The go-to-market motion is direct enterprise B2B — leasing to corporate tenants, working with institutional investors and real estate brokers, and pursuing marquee HQs such as the proposed Texas Stock Exchange at Parkside — with no disclosed public-channel distribution or pricing transparency.

Name

Pacific Elm Properties

Legal name

Pacific Elm Properties

Website

https://pacelm.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

Pacific Elm Properties is a Dallas-based, vertically integrated real estate firm that invests in, develops, and manages Class A office and mixed-use properties in Texas and North Carolina, operating a 4.4 million square foot portfolio and a 9.7 million square foot development pipeline.

Ownership category

akta.pro rank

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Commercial Real Estate Leasing: Pacific Elm generates revenue through leasing Class A office, retail, and hospitality space within their owned and managed properties. The company maintains a portfolio of six Class A towers offering office, residential, hotel, and retail space totaling 4.4 million square feet.
2. Real Estate Development and Adaptive Reuse: The firm develops and repositioning commercial properties including office-to-residential conversions, new mixed-use construction, and large-scale urban redevelopment projects. Their pipeline includes 9.7 million square feet of mixed-use development.
3. Asset Management: Pacific Elm provides ongoing property management services for their portfolio of Class A towers and mixed-use developments.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Pacific Elm Properties is a Dallas-based, vertically integrated real estate firm that invests in, develops, and manages Class A office and mixed-use properties in Texas and North Carolina. The firm operates an existing portfolio of six Class A towers totaling 4.4 million square feet of office, residential, hotel, and retail space, alongside a development and adaptive reuse pipeline of 9.7 million square feet of mixed-use property.

Product overview

Pacific Elm Properties is a vertically integrated real estate investment and development firm operating as a unified platform. The firm's existing portfolio comprises six Class A office towers totaling 4.4 million square feet across Uptown and Downtown Dallas, including Santander Tower, Ivy Park, Field Street District, Parkside, Bryan Tower, 2100 Ross Avenue, and AT&T Plaza/Discovery District. The company also manages St. Paul Place and the Raleigh Project as part of its development pipeline. The development and adaptive reuse pipeline encompasses 9.7 million square feet of mixed-use property, including 2.8 million square feet of office, 4,400 residential units, 1,000 hotel keys, and 500,000 square feet of retail.

Differentiator

Problem solved

Functional benefit

Products and services

• Santander Tower

Quantifiable outcome

• 4.4 million square feet of Class A office, residential, hotel and retail space under management
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Tishman Speyer: Global owner, developer, and operator of Class A office and mixed-use properties in major markets—comparable adaptive-reuse and mixed-use development capabilities, though at significantly larger scale.
• JLL: Global commercial real estate services and investment firm with significant office investment, leasing, and management capabilities—operates much more broadly than Pacific Elm but competes for institutional capital and corporate tenants in the same Sunbelt submarkets.
• CBRE Group: World's largest commercial real estate services and investment firm with global investment sales, development, and property management—a broad incumbent that competes at the institutional scale Pacific Elm seeks to access.

Direct peers

• Stream Realty Partners: Dallas-headquartered commercial real estate firm providing investment, development, leasing, and property management services across office, industrial, and mixed-use product—closely paralleling Pacific Elm's vertically integrated Sunbelt strategy.
• Lincoln Property Company: One of the largest privately held U.S. real estate firms, founded in Dallas, with deep Class A office and multifamily development, investment, and management capabilities—a direct comparable in scale and geography.
• KDC Real Estate: Dallas-based commercial real estate developer specializing in Class A office, mixed-use, and corporate campus projects for major tenants—a strong comparable on the development and build-to-suit side.
• Granite Properties: Dallas-headquartered commercial real estate investment, development, and management firm focused on Class A office—highly comparable in product type, geography, and vertically integrated model.
• Cousins Properties: Sunbelt-focused REIT developing, owning, and managing Class A office and mixed-use properties—comparable product offering and Sunbelt footprint, though structured as a public REIT.
• Highwoods Properties: Public REIT focused on Class A office and mixed-use properties in high-growth Sunbelt markets—directly comparable in geography (including Raleigh-Durham), product, and tenant base.

Peers

• Crescent Real Estate: Dallas-based real estate investment and development firm historically focused on Class A office and mixed-use assets in premium submarkets—matching Pacific Elm's product type and geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Pacific Elm Properties