Seth Bell is the President of Pegasus Asset Management, where he oversees the management and operation of over 200 properties encompassing more than 3 million square feet and over 750 tenants. Mr. Bell provides owners of net leased retail properties with strategic planning, operations management, development consulting, detailed financial reporting and leasing supervision. In this role, Mr. Bell is responsible for the establishment and implementation of strategies to optimize the overall performance of commercial real estate investments, with a focus on improving the underlying asset’s value and maximizing returns for property owners.
Prior to joining Pegasus Asset Management in 2014, Mr. Bell was a Senior Account Executive at PennyMac Financial Services, Inc. (NYSE: PFSI), where he was responsible for retail production and was involved in all aspects of the business, including portfolio origination management, lead generation, marketing and implementation of policies and procedures. Prior to being promoted to retail production, Mr. Bell served as an analyst for the company’s loss mitigation department, where he was responsible for managing and analyzing portfolios of non-performing assets.
Before joining PennyMac, Mr. Bell was an Asset Manager at Adler Realty Investments, where he provided support for the ground up construction of several retail centers and directed the day to day operations of a 600,000 square foot portfolio of shopping centers. While at Adler Realty, Mr. Bell assisted in the oversight of all leasing activity, tenant improvements, investor reporting and budget creation. Mr. Bell also served in various internship programs for Douglas Emmett, Inc. (NYSE: DEI) while attending college.
Mr. Bell received a B.S. in Economics from the University of Wisconsin-Madison in 2009 and lives in the Culver City neighborhood of Los Angeles with his wife, Katie, and son, Owen.
Peter Kay is a Director of Leasing at Pegasus Asset Management where he is responsible for the oversight of leasing the company’s management portfolio. Mr. Kay oversees the management of the firm’s retail leasing brokers across the country, implementing creative leasing strategies, while managing property reporting, detailed market information and general retail trends in each property’s respective markets.
Prior to joining Pegasus Asset Management in 2020, Mr. Kay worked as a Senior Leasing Manager for Macerich (NYSE: MAC), a Santa Monica based, publicly traded Real Estate Investment Trust and one of the country’s largest owner/operators of retail shopping centers. At Macerich, he was responsible for leasing over 2 million square feet of retail property at Lakewood Center in Lakewood, CA. Prior to Macerich, Peter spent three years as a Leasing Manager for Terramar Retail Centers, where he oversaw the leasing of the firm’s Los Angeles county portfolio of shopping centers.
Before transitioning to his in-house leasing position at Terramar, Mr. Kay enjoyed over 10 years as a retail leasing broker with Wilson Retail Group (acquired by Jones Lang LaSalle in 2015), where he represented shopping center owners and developers. In his years spent at the Wilson Retail Group, Peter initially served as a retail specialist, eventually being promoted to the level of Vice President. Throughout his capacity at Wilson Retail Group (and later, Jones Lang Lasalle after Wilson was acquired), Peter was responsible for leasing approximately 2.5 million square feet of space comprised of neighborhood, regional, mixed-use and promotional shopping centers.
Mr. Kay received a Bachelor of Science in Political Science from Radford University in 1996 and currently resides in Studio City, with his two children, Lila and Oliver.
Spencer Schwartz is a Leasing Manager at Pegasus Asset Management, where he is responsible for the oversight of leasing assets in the Pegasus portfolio. Mr. Schwartz manages the firm’s in-house leasing across the country, utilizing insights gained from both landlord representation and as a former in-house Real Estate Director. Specifically, Spencer is responsible for negotiating the portfolio’s letters of intent and overseeing the lease negotiation process for every lease transaction completed at Pegasus.
Before joining Pegasus Asset Management in 2023, Mr. Schwartz was a Director of Real Estate at Ortho Mattress, Inc., where he oversaw all aspects of the regional mattress retailer’s brick-and-mortar store portfolio and central distribution facility, including site selection, lease negotiation, lease analysis and administration, and facilities management. During the COVID-19 pandemic, Mr. Schwartz repositioned and strengthened the retail portfolio through lease restructuring and early terminations of underperforming locations.
Prior to his in-house real estate position at Ortho Mattress, Mr. Schwartz was a Leasing Associate and Project Manager at Insignia PMG, where he specialized in tenant and landlord representation, focusing on retail and office uses.
Mr. Schwartz received a B.S. in Business Administration with a concentration in Finance from California Polytechnic State University – San Luis Obispo in 2010. Mr. Schwartz currently resides in the Westwood neighborhood of Los Angeles with his wife, Erika.
