PT Real Estate Capital (“PT”) was founded by Philip Balderston and Tristan Sylk for the purpose of acquiring and managing distressed and undervalued real estate assets in the greater Philadelphia area. Given the substantial price declines in commercial real estate arising from the 2007-2008 recession and corresponding dislocation in the capital markets, PT believes that the current environment represents an excellent long term commercial real estate acquisition and management opportunity. PT purchases multifamily, retail, and office assets, executes financial, managerial and physical property level rehabilitations, and manages the stabilized assets. Although primarily a multifamily specialist, PT prides itself on versatility in asset class and size, having the ability to act quickly on a non-contingent basis and operate successfully on a smaller scale than the competition. PT currently owns and manages over 100 apartment units in the Philadelphia area.
Philip Balderston was most recently the director of Acquisitions & Finance at Tower Investments, Inc. in Philadelphia. He was responsible for coordinating the acquisitions process, and all property financing. Phil also interfaced with vendors and oversaw the management of Tower’s existing residential portfolio of over 500 units. Prior to joining Tower, Phil was an Analyst at The KOR Group in Los Angeles. There he performed finance and property management functions for KOR’s rapidly growing international Hotel and Residential portfolio. Phil has also held an analyst and asset management position at Amerimar Enterprises in Philadelphia. He is a graduate of the William Penn Charter School in East Falls, and holds a degree in Economics from the University of Pennsylvania and a degree in Real Estate Finance from the Wharton School.
Tristan Sylk was previously a Project Manager for Wittman Construction where he managed redevelopment projects in South Jersey. His responsibilities ranged from hiring subcontractors to physical construction. He has experience in working with the public sector for licenses, inspections and certificates of occupancy. Tristan’s real estate management expertise was honed while working in property management for the Altman Group and as a site manager for the Hainesport Industrial Park. Tristan is a graduate of The Pennington School in Pennington, NJ, earned a BA in Business from Franklin and Marshall College, and an MBA from the Columbia Graduate Business School with a concentration in Real Estate Finance.