Our Strategy

We’re experts in creating value for our investors, real estate partners, and the communities we serve.

Penzance has deployed a winning strategy for the last 23 years. We pursue undervalued office and multifamily assets in complex situations and select development opportunities where we can apply our deep market knowledge and operational expertise to achieve superior value for our investors, partners, and community.

Our investment strategies are built on the foundation of three core principles. Sourcing opportunities using established relationships and local market knowledge; a focus on risk mitigation and an entrepreneurial approach to creative and agile problem-solving related to the leasing, financing, and structuring of transactions; and a fully-integrated platform and proactive management style.

These principles reflect the knowledge gained through successfully navigating the ever-changing DC metro real estate cycles.

Investment Vehicles

The Penzance DC Real Estate Fund

The Penzance real estate fund targets value-add investments in residential and commercial property and mixed-use development projects throughout the Washington, DC metropolitan region. The fund closed in 2018 with a diverse mix of blue-chip institutional investors, including endowments, foundations, and family offices.

Institutional Joint Ventures

Penzance has a deep history of partnering with best-in-class institutional investors. These joint venture partnerships provide valuable insight and perspective that has been instrumental to our shared success. We structured our fund vehicle to enable participation by non-fund institutional partners to embrace these strategic alignments and provide access to larger transactions and increased diversification to our fund investors.

Sourcing

We leverage our local relationships and an exceptional understanding of diverse DC metro market drivers to uncover unique opportunities:

  • Federal and State Agencies
  • Associations
  • Law Firms
  • STEM
  • Lobbyists
  • Private Sector

Risk Mitigation

Risk mitigation is ingrained in our corporate ethos. We pride ourselves on the strength of our due diligence efforts, performing extensive physical and environmental studies for each new investment opportunity. We scrutinize and structure the terms of each loan, lease, joint venture and purchase agreement to minimize exposure for our investors, and as a rule, we only invest in assets with multiple paths to value creation, avoiding binary situations, and investments reliant on broad market upside.

Fully-integrated Platform

As a firm rooted in operational excellence, we closely manage the entire lifecycle of our assets—from tenant relations, property management and engineering to asset management, financing and dispositions. We are collectively committed to providing superior service and results to our tenants, partners, and investors.

What We Do

Invest

DC area experts, investing directly, and as a general partner with institutional capital providers to maximize return.

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Manage

Fully-integrated Asset Management, Property Management, and Leasing teams deliver superior results.

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Develop

Increasing value through proven Construction Management and Development expertise.

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What We Do

Invest

DC area experts, investing directly, and as a general partner with institutional capital providers to  maximize return.

read more

Manage

Fully-integrated Asset Management, Property Management and Leasing teams deliver superior results.

read more

Develop

Increasing value with proven Construction Management and Commercial Development expertise.

read more