Please ensure Javascript is enabled for purposes of website accessibility Click here to see COVID-19 Updates from Picerne Real Estate Group
arrow accent


For more than years, Picerne Development has been committed to creating communities people are proud to call home. We have been in business since 1925, and have prospered through the decades by quickly and effectively responding to new housing opportunities and changing market conditions, both nationally and internationally.

Development - United States

Picerne has earned a reputation as a developer who balances respect for value with sensitivity to environment and design. Multifamily communities are our strength. After developing and building thousands of apartment homes, Picerne has refined the ability to assess proposals on the basis of sound economic principles, not current fancy. Because we build primarily for our own account, we put down roots in a community. In fact, the first apartment complex we ever built is still owned and managed by Picerne.

Our extensive experience in developing both small and large projects includes everything from high-density apartment buildings with structured parking to low-density townhome communities and single-family home subdivisions. Our range of development experience includes high-end luxury developments and affordable multifamily communities.

Picerne couples prime sites with solid research to ensure uncompromising profitability. To act quickly on proposals, we have regionalized development, construction and property management operations. This approach enables us to thoroughly evaluate opportunities based on an intimate knowledge of local markets, complemented by the exceptional capitalization of a large, national company.

Development - Puerto Rico

Picerne’s approach to building quality communities is based on our commitment to long term value. We believe that our properties should contribute to the fabric of the community in which it is built. Picerne has been building and managing communities on a continuing basis since 1925. For years, we have constructed high quality housing that has stood the test of time. We bring that same philosophy and commitment to excellence to the island of Puerto Rico.

Picerne is committed to Puerto Rico for the long-term. We have been operating on the island for over 23 years. Our main office is located in the heart of Hato Rey, the business district in San Juan. Our support staff are stationed here. We also take great pride in hiring local residents of Puerto Rico to run our community operations. These are the people that best know the island and have great pride in Puerto Rico.

In 1997, Picerne took roots on the island, as Puerto Rico was in dire need of quality affordable housing. It was a priority to quickly develop and build new homes and apartments. Demand was high and there was little supply. Understanding this need, Picerne entered the market to build upon its expertise and its success in the continental United States. Over the years, Picerne has built more than 2000 units and manages another 1500 homes for third party owners.

Picerne's Puerto Rico office offers a full range of real estate development services:

  • Project feasibility and research
  • Site selection
  • Regulatory permitting and approvals
  • Financing consultation
  • Design
  • Construction management
  • Property Management
  • Compliance

Puerto Rico Communities:

Vista Del Rio - Trujillo Alto

Terrazas del Cielo – Toa Alta

Central American Villages - Mayaguez

Jardines de Mayaguez, Mayaguez

Fee Managed Puerto Rico Communities:

Aires del Manantial – Trujillo Alto

Beatriz Village – Cayey

Cecilia Orta – Carolina

Galeria Urbana – Caguas

Metropolis – San Juan

Plaza Barcelona – Mayaguez

San Augustine – San Juan

Santamerica – Ponce

Sierra Bayamon – Bayamon

Vistas del Boulevard – Humacao