Our Strategy: Invest
Our Strategy: InvestPenzance is a fully-integrated real estate investment platform demonstrating exceptional returns across DC metro submarkets
Investing directly, and as a general partner with respected institutional capital providers, Penzance is vertically integrated with deep local knowledge and relationships that help to maximize investment returns.
Our local knowledge and collaborative team approach allow us to envision possibilities and leverage asymmetrical information into superior results. Focusing on opportunities in value-add acquisitions and development of multifamily, mixed-use, office, industrial and data center properties in the DC metro area, our commitment to full alignment with our team, communities and investors helps assures that we thrive together.
Investment Funds
Penzance manages over $3.5 billion of assets, including its flagship discretionary fund series Penzance DC Real Estate Fund LP (“Fund I”) and Penzance DC Real Estate Fund II LP (“Fund II”).
Fund I is a $255.0 million closed-end fund vehicle targeting value-add and development office, multifamily, industrial, and mixed-use investments located in the Washington, DC metropolitan area. It closed to new investors in 2018 after receiving commitments from a diverse mix of 16 premier institutional investors, including foundations, endowments, and a family office.
Fund II is a $345.5 million closed-end fund vehicle also targeting value-add and development office, multifamily, industrial, and mixed-use investments located in the Washington, DC metropolitan area. It closed to new investors in 2021 after receiving commitments from 13 of the 16 investors in Fund I and seven new investors for a diverse mix of 20 premier institutional investors, including foundations, endowments, public and private pension funds, a family office, a large university endowment, a large museum system, and a sports pension fund.
Acquisitions
Using local experience and relationships to source exceptional investment opportunities.
Our acquisitions team utilizes a deep understanding of local economic drivers and long-standing relationships to uncover assets ripe for repositioning where our team can apply their hands-on approach to creating value through renovations, deal structuring, and operational enhancements. Working collaboratively with members of Penzance’s leasing, asset, property, and construction management divisions, our investment professionals formulate business plans with heightened accuracy, ensuring investment targets are achieved through collective buy-in.
Capital Markets
A superior track record of investment performance distinguishes us as investment managers with a history of capital preservation and enhancement.
Our capital relationships include blue-chip investors as well as a broad array of lenders providing construction, repositioning, and acquisition financing. We align each asset’s unique investment profile with the optimal source of debt and equity capital to mitigate risk and achieve investment objectives with the goal of producing consistent risk-adjusted returns.