Pam Marron Home Lending

Nick Pavonetti, Broker at PDC Group

Nick Pavonetti, Broker

PDC Group

Phone: 813-376-9522

LinkedIn: Nick Pavonetti

What is the PDC Group? We are a specialized real estate broker located in St. Petersburg, Fl. that buys homes for institutional, international and other large investors. We look to buy “off market” homes.


Why are institutional investors suddenly interested in single-family homes? Office buildings and retail have large vacancies. Apartment complexes are over priced, while single-family homes are still well priced.  Rents is Tampa Bay are high compared to purchase prices.


What are they doing with the homes? They will hold the houses; lease them for 5 to 10 years. They do not fix and flip. The homes will be fully rehabbed. This will stabilize local neighborhoods and raise property values.


Which national investors are active in the Tampa Bay area?

  1. Invitation Homes (Blackstone Group)
  2. Sun Cove Realty (various real estate investment trusts)
  3. American Homes 4 Rent (State of Alaska Pension Fund)
  4. Waypoint Homes (various pension funds and other large investors)
  5. Colony American Homes (real estate investment trust)
  6. Beazer Pre-owned Homes (Kolberg Kravitz Roberts)
  7. Sylvan Road Capital (various pension funds and other large investors)


What are the institutions looking for?

  •  Single-family homes
  •  Block construction
  •  $80,000 to $250,000
  •  Generally less than 20 years old
  •  Minimum 3 bedrooms, 2 baths
  •  Tenants in place OK
  •  Short sales OK


 How do they buy?

  •  Market prices – no lowball offers
  •  All cash – no financing contingency
  •  As is – no repairs required
  •  No appraisal needed           
  •  Contract in as little as 24 hours of viewing home
  •  Closing in 10 days if desired
  •  Buyer will not bail if short sale approval is delayed

With services and special programs for sellers:

  •  Seller can stay in the home for 2 years or more after closing
  •  Professional short sale management
  •  Professional credit repair
  •  Tenant reward program