Chief Executive Officer and founding principal of the Longacre Group of Companies — an institutional real estate private equity platform investing in value-add and opportunistic residential real estate, with a specialization in workforce and affordable housing.
Over the past two decades, Peter Hungerford has completed more than 250 transactions representing in excess of $7 billion in cumulative deal volume. He has acquired, renovated, and repositioned over 12,000 residential units and more than one million square feet of commercial space, executing complex distressed and value-add business plans across two dozen markets nationwide.
He leads the firm's investment strategy, capital-markets activity, and vertically integrated operating platform, and is responsible for its overall direction, risk management, and growth. He has structured these investments alongside institutional pension funds, securitized lenders, and ultra-high-net-worth families.
Mr. Hungerford began his career in New York City, where he founded a multifamily brokerage and completed more than 1,000 leases and over $100 million in apartment sales before transitioning to principal investing in 2011.
He holds two Master's degrees from Columbia University — in Finance and in Operations Research — and a Bachelor's degree in Accounting and Economics from Syracuse University.
When he is not working, he is spending time with his wife and four young children — experiencing all forms of culture, hanging out at the lake, or exploring the mountains.
Targeting mispriced and undermanaged assets with a specialization in workforce and affordable housing — the segments where operational excellence compounds into durable returns.
Decades of experience through multiple business cycles, with more than 100 distressed turnaround business plans executed — from non-performing loans to complex recapitalizations.
Property management and construction supervised in-house, giving direct control over execution, cost, quality, and regulatory compliance in every market entered.
Off-market and complex situations: non-performing loans, preferred equity positions, estate sales, and restructurings — sourced through long-standing relationships across the industry.
A selection of investments led by Mr. Hungerford, spanning elevator portfolios, distressed turnarounds, and adaptive reuse across the United States.
34 well-located elevator buildings, 2,021 units — acquired at an exceptional basis with an institutional pension fund partner; actively improving management and collections.
31 buildings, 510 apartments — recapitalized, refinanced, and restructured with an ultra-high-net-worth family; $25M renovation plan under management.
705-unit complex acquired via non-performing loan and foreclosure at 25% occupancy. 650 leases signed; 96% collections through the pandemic; partnership recapitalized.
24 well-located elevator buildings, 1,326 units — acquired at $135,000 per unit with an institutional pension fund partner; institutional-quality asset management.
Preferred equity position covering 3,000+ units; judgment secured through state and federal litigation; turnaround of a 541-unit complex acquired at 22% occupancy.
297 units across 6 buildings acquired in an estate sale at an attractive basis; ongoing renovations delivering double-digit cash-on-cash returns.
15 extended-stay hotels, 1,745 keys across 14 cities; select assets being converted to multifamily to realize maximum value.
Past performance is not indicative of future results. Figures reflect representative investments and are provided for informational purposes.
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