Perspectives change when investing your own money, and for over 40 years that's exactly what we have been doing. It's just us, our instincts and our own thorough, yet concise, in-house analysis to lead us through the ups and downs of our business. Whether we are buying a stand-alone asset or a portfolio, we use the same set of principles and ask the same questions to determine whether or not to invest.

For us, the primary objective of real estate investment is maximizing the upside return, while never taking your eye off the downside risk. It's a business of measuring risk with reward. Investment returns can be presented in many ways to look better than they truly are. For the partners at Pioneer our true measure of success is a cash-on-cash return. If this meets our threshold, then success should follow.

Over our history, Pioneer's professionals have successfully managed the financial aspects of nearly 200 separate investment entities in addition to financing and managing the financial and tax operations of over $1.5 billion in real estate projects. Active portfolio management is practiced at every step of the way and each turn of the markets.