Penzance
51–200 employees 19 principals
Last updated
About Penzance
Penzance is a real estate operator. Penzance operates in Washington DC. Its investment focus is on Condominiums, Data Centers and Industrial.
Penzance was founded in 1996 and operates as a fully integrated real estate investment, development, and management firm. Since inception, it has managed over US $4.4 billion in gross asset value via partnerships, separate accounts, joint ventures, and its proprietary discretionary funds (Fund I and Fund II). Its investment strategy targets value‑add acquisitions and development across multifamily, industrial, data center, mixed‑use, and other commercial assets in the Mid‑Atlantic region. Penzance has developed more than 6 million square feet of ground‑up projects. Fund I closed with US $255 million in equity in 2018; Fund II closed with US $345.5 million in 2021.
Principals at Penzance
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19 principals on file
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Recent activity at Penzance
2 recent signals from the real estate trade press · latest
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Fund closes, leadership changes, partnerships, and new development — captured from the real estate trade press the day they happen.
Penzance's project portfolio
2 projects on file · Multifamily (2)
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Every development in this GP's portfolio — location, unit count, square footage, and build status — plotted on an interactive map.
Markets and themes
Markets Penzance operates in
Investment themes at Penzance
- Condominiums
- Data Centers
- Industrial
- Logistics
- Multifamily - Ground-up
- Multifamily - Value-Add
- Office-to-Residential
- Suburban Office
- Urban Office
- Workforce Housing
Capabilities
- Construction Management
- Data-driven
- Environmental Remediation
- Mixed Use
- Private Equity
- Public-private partnerships
- Technology-forward
- Urban infill
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Frequently asked questions about Penzance
- What does Penzance do?
- Penzance was founded in 1996 and operates as a fully integrated real estate investment, development, and management firm.
- What markets does Penzance operate in?
- Penzance is active in Washington DC.
- How many employees does Penzance have?
- Penzance has 51–200 employees.