Alpaca Real Estate

Opportunistic private equity real estate firm investing at the intersection of the physical and digital worlds.

$10B

Capitalization*

$3B

Equity Deployed*

100

Investments*

Approach

Alpaca Real Estate leverages a tenured institutional investment team combined with Alpaca’s pedigree in innovation to drive alpha in an opportunistic real estate strategy. We layer innovative operating platforms on top of traditional real estate to unlock asymmetric upside potential.

Investment Strategy

Sourcing

The firm begins its targeted value creation process with what it believes is proprietary sourcing capabilities through extensive industry relationships, synergies with Alpaca VC’s network, and access to opportunities that intersect the physical and digital worlds.

Execution

Alpaca utilizes a disciplined investment process to execute its comprehensive strategic business plans through hands-on asset and portfolio management, and by integrating accretive overlays that are expected to drive returns.

Thematic, macro driven investors


Target markets where demand may outpace supply and create robust operating fundamentals.

Active, focused decision making


Multi-channel sourcing capabilities, disciplined underwriting, and flexible transaction structures.

Tech-enabled efficiencies


Leverage and incorporate forward-thinking technology into real estate assets.

Maximize asset value creation


Potentially generate long-term, predictable cash flows and execute business plans to improve property quality.

Team

The firm is co-founded by Daniel Carr and Peter Weiss, who spent the past 10 years with notable alternative investment management firms. Each have over a dozen years of experience investing across real estate sectors, throughout the U.S., across the capital stack, and through various transaction structures.

Daniel Carr

Co-Founder & Managing Partner

Daniel Carr is a Co-Founder and Managing Partner of Alpaca Real Estate. In this capacity, he is responsible for the Firm’s investment strategy, capital markets, asset management, portfolio management and is a member of the Investment Committee and and the Board of Directors of ARE. Mr. Carr has over a dozen years of institutional real estate experience investing in traditional and adjacent property sectors, throughout major markets in the U.S. and across the risk spectrum.

Prior to forming Alpaca Real Estate, Mr. Carr was a Principal with global alternative investment manager Ares Management (NYSE: ARES). During his ten-year tenure, he was responsible for acquisitions, asset management, and portfolio management for the firm’s core, value add, and opportunistic vehicles including commingled funds, co-investments, separately managed accounts, and an evergreen private REIT. Mr. Carr actively participated in the fundraising, deployment, and realization of over $7 billion of transactions through direct acquisitions, syndications, and joint venture partnerships. He also managed and mentored a team of investment professionals from Analyst to Vice President levels. Prior to joining Ares, Mr. Carr was a member of J.P. Morgan’s Real Estate and Lodging Investment Banking group responsible for various mergers & acquisitions and capital markets transactions with clients including Archstone, Retail Properties of America, and Lennar.

Mr. Carr holds a Bachelor of Science degree in Business Administration and Finance from Fordham University and a Master of Science in Real Estate Development from Columbia University. In 2014 and together with Mr. Weiss, they co-founded and actively lead the Real Estate Private Equity Network (REPEN), a forum for industry professionals to exchange market intelligence, investment insights, and promote mentorship. Additionally, he is Co-Chair of ULI New York’s Urban Development and Mixed-Use Council (UDMUC), previously served on the ULI New York Advisory Board, and supports his local community through the Cobble Hill Association.

Peter Weiss

Co-Founder & Managing Partner

Peter Weiss is a Co-Founder and Managing Partner of Alpaca Real Estate. In this capacity, he is responsible for the Firm’s investment strategy, capital markets, asset management, portfolio management and is a member of the Investment Committee and the Board of Directors of ARE. Mr. Weiss has over a dozen years of institutional real estate experience investing in traditional and adjacent property sectors, throughout major markets in the U.S. and across the risk spectrum.

Prior to forming Alpaca Real Estate, Mr. Weiss was a Managing Director with New York-based Prospect Ridge, a private equity real estate firm that spun out from AllianceBernstein in 2019. During his ten-year tenure across the two organizations, he was responsible for acquisitions, asset management, and portfolio management for equity (core-plus, value-add, and opportunistic) and debt investment vehicles including commingled funds, co-investments, separately managed accounts, and an evergreen private REIT. Mr. Weiss actively participated in the deployment and realization of over $3 billion of transactions through direct acquisitions and joint venture partnerships. He also led the firms’ staffing function of Associates and Vice Presidents. Prior to joining AllianceBernstein, Mr. Weiss was a member of J.P. Morgan’s Real Estate and Lodging Investment Banking group responsible for various mergers & acquisitions and capital markets transactions.

Mr. Weiss holds a Bachelor of Science degree in Hospitality Management and Real Estate from Cornell University. In 2014 and together with Mr. Carr, they co-founded and actively lead the Real Estate Private Equity Network (REPEN), a forum for industry professionals to exchange market intelligence, investment insights, and promote mentorship.

Further supported by a team of over 20 employees**

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