PenTrust Real Estate Advisory Services, Inc. was incorporated in October of 1987 to establish,
advise and administer The ERECT Funds (Employee Real Estate Construction Trust Funds).
The ERECT Funds are open-ended private collective investment trusts established to hold monies
from union building trade pension funds, state funding sources, and corporate accounts for investing
in new real estate developments in locally built, union constructed projects. PenTrust identifies
and underwrites transactions for The ERECT Funds' consideration. These debt or equity investments
are then monitored and serviced by PenTrust as they are approved and funded. PenTrust has served
as the exclusive real estate investment advisor to the Funds since its inception in 1987.
Other PenTrust activities include the structuring of complex real estate financial transactions
as an independent intermediary and the direct servicing of debt and equity transactions on behalf
of other financial institutions. Many of these investments are made in projects that are funded with
ERECT Fund dollars and meet their required construction building standards.
PenTrust strives to identify development opportunities at an early stage. In doing so, PenTrust
can add value to the development process and guide the project through the complicated phases of
financing and construction. As a result of PenTrust's early commitment and successful track record,
other funding organizations are often encouraged to become involved.