Pegasus Development

Aggregate Portfolio

All Clients

$5.8B safeguarded across 15 clients and 41 active projects.

Portfolio Value

$5.8B

Active Projects

41

On Track

37

Watch

3

At Risk

1

Projects

Wilton Rancheria

Sky River Casino Resort

Expansion of Sky River Casino with hotel tower and amenities

ConstructionOn Track$500.0M
Netflix

Netflix House Las Vegas

100,000 SF immersive entertainment destination at AREA15

ConstructionOn Track$200.0M
Sacramento Republic FC

Sacramento Republic FC Stadium

20,000-seat MLS stadium in Sacramento Railyards

ConstructionWatch$285.0M
Ivirion

Caroline Florence

262-unit Class A multifamily community in McKinney

ConstructionOn Track$104.8M
Ivirion

Jefferson Ownsby

295-unit Class A multifamily community

ConstructionOn Track$68.0M
CAI Investments

The Stack Auto Lofts

109,768 SF flex warehouse condominium development in Henderson

ConstructionOn Track$43.9M
The Siegel Group

Siegel Select Henderson

New 120-key extended stay property in Henderson, NV

ConstructionOn Track$18.5M
Aquarian Holdings

550 Madison Avenue - Aquarian HQ

Corporate headquarters fit-out at 550 Madison Avenue

ConstructionOn Track$120.0M
Ivirion

Jefferson Marketplace Phase 2

381-unit Class A multifamily community in Castle Hills

ConstructionOn Track$152.4M
Museum of Ice Cream

Museum of Ice Cream Las Vegas

Flagship Museum of Ice Cream at AREA15

ConstructionOn Track$25.0M
Ivirion

Jefferson Whitewood

340-unit Class A multifamily community

ConstructionWatch$75.0M
The Neon Museum

Neon Museum Expansion

New visitor center and expanded exhibition space

Pre-ConstructionOn Track$35.0M
Museum of Ice Cream

Museum of Ice Cream Los Angeles

New permanent Los Angeles location

Pre-ConstructionOn Track$22.0M
CAI Investments

Delta Hotel Las Vegas

New 282-room select-service hotel near convention center

Pre-ConstructionOn Track$112.8M
CAI Investments

Wingfield Tower - Kimpton

Mixed-use development anchored by a 272-room Kimpton hotel with 50 condominium units, 60KSF office, and 20KSF meeting space on Court Street. Broke ground May 2022, defaulted in 2023; CAI reacquired its five parcels for $14M in late 2025 with plans to revive the project.

On-HoldOn Hold$344.0M
CAI Investments

Sierra Ridge Health and Wellness Suites

67,000 SF health and wellness suites in Reno

Pre-ConstructionOn Track$20.1M
CAI Investments

Spanish Trails Rehabilitation Center

70,000 SF rehabilitation center in Las Vegas

Pre-ConstructionOn Track$21.0M
Sacramento Republic FC

SRFC District Master Plan

Mixed-use district surrounding the stadium

Pre-DevelopmentOn Track$850.0M
Westin Hotels & Resorts

The Westin Resort Panama City Beach

655,480 SF full-service beachfront resort with 505 keys

Pre-ConstructionOn Track$305.0M
CAI Investments

Reno City Center

1.4M SF mixed-use redevelopment of former Harrahs site with 530 market-rate residential units

On-HoldOn Hold$560.0M