Our Strategy: Invest
Our Strategy: InvestPenzance is a fully-integrated real estate investment platform demonstrating exceptional returns across the region
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 acquisitions and development opportunities of multifamily, industrial, data center, and other commercial properties in the region, our commitment to full alignment with our team, communities and investors helps assures that we thrive together.
Investment Funds
Penzance has managed over $3.5 billion of assets, including its flagship discretionary fund series Penzance Real Estate Fund LP (“Fund I”) and Penzance Real Estate Fund II LP (“Fund II”).
Fund I is a $255.0 million closed-end fund vehicle targeting value-add acquisitions and development in multifamily, industrial, and other commercial investments located in the region. It closed to new investors in 2018 after receiving commitments from a diverse mix of 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 acquisitions and development in multifamily, industrial, data center, and other commercial investments located in the region. It closed to new investors in 2021 after receiving commitments from investors in Fund I and new investors for a diverse mix of premier institutional investors, including foundations, endowments, public and private pension funds and a family office.
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.