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Latest NewsPenzance snags 1,100 units in Virginia, North Carolina
Penzance bought four apartment properties totaling 1,100 units in Virginia and North Carolina, significantly expanding its footprint across the region, the Washington, D.C.-based owner, operator, developer and investor announced in a Jan. 15 press release shared with Multifamily Dive. The firm made the purchases, totaling $200 million, in the fourth quarter of 2025.
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Penzance Closes Its First Private Equity Fund With $255M Raised
Penzance, a D.C.-based developer embarking on a three-building Rosslyn mixed-use development, has just raised over a quarter of a billion dollars to invest in that project and others.
The development and management firm announced Wednesday it closed on its first real estate private equity fund in its 22-year history with $255M in total investment.
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Rosslyn development The Highlands breaks ground
Developer Penzance will officially break ground Oct. 24 on the latest big development in Rosslyn, one that will add three new residential towers to the skyline.
The development will be called The Highlands, a nod to its geographic location at the top of the hill at 1555 Wilson Blvd., near the newly redeveloped Rosslyn Highlands Park.
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New Details Emerge for West Rosslyn Redevelopment Project
Work is kicking off on a massive new development in West Rosslyn, and its developer is offering a first look at its plans to build three new residential towers, a new fire station and an improved Rosslyn Highlands Park.
The D.C. developer Penzance announced today (Monday) that it would be dubbing the project “The Highlands,” which will be located at 1555 Wilson Blvd.
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Check out new renderings of Penzance’s western Rosslyn development
We have new details about Penzance Cos.’ first-ever ground-up multifamily residential project as the D.C. company prepares to break ground on its 1.2 million-square-foot mixed-use development in western Rosslyn.
John Kusturiss, vice president of development for Penzance, told me the company is naming the project at 1555 Wilson Blvd. The Highlands for its elevated geographical location adjacent to Rosslyn Highlands Park.
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