DEVELOPMENT WITH PURPOSE.
INVESTMENTS WITH IMPACT.

From New York to New Mexico, PreReal is building the future—one community at a time.

Development with Purpose. Investments with Impact.

PreReal Investments is not your average investment firm—it’s a mission-driven development company founded by James Prendamano and David Berman. Together, they’ve created a forwardthinking company that prioritizes value creation over volume, and legacy over leverage. Their flagship project, Turtleback Mountain Golf & Resort in Elephant Butte, New Mexico, represents a $41.9M first-position equity opportunity, projected to yield a 20.3% IRR. But the firm’s real ROI is measured in impact. With no debt on the capital stack and $15M+ in self-invested capital, PreReal walks the talk.

The firm also owns and manages 100+ properties across Sierra County, New Mexico, including commercial centers, hospitality assets, and a 1,300-home master-planned community. PreReal Investments offers rare access to institutional-grade investments wrapped in integrity, transparency, and long-term vision.

TURTLEBACK MOUNTAIN

GOLF & RESORT

What was once a forgotten golf course has become one of the most dynamic resort communities in the American Southwest.

Located in Elephant Butte, New Mexico, Turtleback Mountain Golf & Resort is undergoing a multimillion-dollar transformation led by PreReal Investments. At the heart of the project is a fully renovated, 18-hole championship course that will serve as home to the prestigious New Mexico Open from 2025 to 2027.

But this isn’t just about golf. Turtleback is quickly becoming a model for sustainable, inclusive living. The 1,300-home expansion is built around walkable, gated neighborhoods with fiber-optic connectivity, smart home features, and the kinds of amenities usually reserved for world-class resorts.