PENLER Achieves $1 Billion Growth with New Investments
PENLER Reaches Major Capital Milestone
PENLER, a multifamily real estate investment and development firm, is experiencing significant growth and expansion across the Sunbelt region. The company has recently surpassed a capital milestone of $1 billion, reflecting its solid acquisition and development strategy alongside an innovative team.
Overview of Recent Portfolio Expansion
In just six months, PENLER's portfolio has expanded remarkably. The company has made three key property acquisitions and launched two new development initiatives, pushing its total transaction volume to exceed $1.64 billion. This includes successful sales of over $430 million worth of properties.
Leadership Insights
Brian Metzler, managing partner at PENLER, expressed pride in the company's achievements. He stated, "Reaching the $1 billion mark in under six years showcases our robust platform and our partners' confidence, alongside the remarkable talent within our team. We anticipate enhanced operations and capital flows, along with vast opportunities ahead."
New Acquisitions and Developments
PENLER has partnered with a prominent real estate fund to acquire three properties located in high-demand areas. The goal is to enhance property value by improving units and community amenities. The newly acquired properties include:
- Botanic Waterside, a 320-unit Class A community in Lakewood Ranch, Florida.
- Trace Midtown, a high-rise complex with 290 units situated in Atlanta.
- Eleven85, a garden-style property featuring 288 units also in Atlanta.
In addition to acquisitions, the firm is advancing two development projects in regions marked by strong population growth and high demand for rental spaces. Construction is underway on a 20-acre site designed for 294 garden-style units, and a seven-acre downtown site planned for 262 units.
Strengthening the PENLER Team
To maintain momentum, PENLER has increased its team with six new hires in 2025, adding important roles to their leadership structure. Noteworthy additions include Chris Doscher as managing director of construction, Jon Gilliam as chief financial officer, and Mark Hinshaw transitioning to chief operating officer.
Expertise in Leadership
With over 25 years in the industry, Doscher brings extensive experience in construction and multifamily development. Gilliam, boasting over 15 years of experience, will oversee PENLER's financial strategies and planning. Hinshaw, previously chief financial officer, has expanded his role to encompass broader operational responsibilities.
New team members such as Daniel Harari, Wyatt Smith, Mason Valk, and Riley Haynie will play vital roles. Harari will drive efforts to identify new development sites, while Smith will enhance the financial and operational aspects of projects. Valk joins the accounting team, and Haynie will assist primarily with acquisitions.
Outlook for Upcoming Growth
Graham Carpenter, managing partner at PENLER, expressed optimism about the company’s future. He stated, "With the correct leadership in place, we anticipate continued growth and recovery following a challenging market. Chris and Jon bring invaluable experience that will guide our efforts in expanding our portfolio and delivering long-term value."
PENLER's disciplined growth strategy aims to capitalize on opportunities in southeastern metropolitan markets that are rapidly growing and evolving. The firm is committed to enhancing its presence in these sought-after regions.
Frequently Asked Questions
What is PENLER's main area of focus?
PENLER specializes in multifamily real estate investment and development, concentrating on expanding its portfolio across high-growth markets in the Sunbelt.
How has PENLER recently expanded its portfolio?
The company has successfully acquired three new properties and initiated two new development projects focusing on enhancing property value.
What strategic hires has PENLER made recently?
Recently, PENLER added six new key positions, including leadership roles in construction, finance, and operational management.
What are the upcoming projects for PENLER?
PENLER is working on two significant development projects situated in areas characterized by strong demand for rental housing.
How does PENLER plan to sustain its growth?
PENLER aims to continue its disciplined growth strategy by focusing on expanding within rapidly growing metropolitan areas in the Southeast.
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