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Penwood Real Estate Investment Management

Private equity

West Hartford · 21 people tracked

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Investment thesis

Penwood targets domestic, supply-restrained real estate markets on behalf of qualified institutional investors, using focused, value-added investment vehicles. The firm emphasizes complex value-creation investments and relies on a network of operating partners for local market expertise across development, leasing, property management, and disposition, which also gives it access to off-market opportunities at favorable pricing. Its strategy is described as highly focused and disciplined, with partnerships structured to align the interests of the firm, its partnerships, and its investors.

Invests inPropTechUnited StatesWest Hartford

Source: firm website, verified Aug 6, 2026.

HQ
West Hartford, US
Instruments
Equity
Founded
2003

Team · 21 people

from the firm's website

Fund performance · per public LP disclosures · 3

as of Dec 2024
FundVintageCommittedNet IRRTVPIDPI
Penwood Select Industrial Partners VII, LPLPs: Connecticut Retirement Plans and Trust Funds20230.68x0.00x
Penwood PSIP II, L.P.LPs: North Carolina Retirement Systems200724.3%2.10x2.10x
Penwood CSIP I, L.P.LPs: North Carolina Retirement Systems20050.8%

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What sectors does Penwood Real Estate Investment Management focus on?
Penwood Real Estate Investment Management focuses on PropTech.
Where is Penwood Real Estate Investment Management located?
Penwood Real Estate Investment Management is headquartered in West Hartford, US.

Images

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