SLC Residential (SLC) has developed land and residential properties including several projects in the Aspen/Snowmass area of Colorado. SLC n was formed by Norman Perlmutter in 1988 initially to acquire and develop approximately 2,200 acres of undeveloped property located in Snowmass Village, Colorado, resulting in the development and sale of  and 238 single-family lots and 31 town homes. The development transformed the nature of the residential market in Snowmass from one of high-density, small residences to high quality, luxury homes and town homes. Since 2002, SLC has been led by Stephen Perlmutter, CEO. Today, SLC’s scope includes PIC’s entire rental and for sale residential activities.

PIC’s current residential investments include a joint venture with Dermot Company for residential development in New York City.  Completed projects include Kew Gardens, a 388-unit development in Queens, New York, which was sold in 2006 following its completion and leasing, Clinton Green a two-tower 627 rental unit development located in Manhattan, which was successfully completed and leased in 2008.