Penwood Real Estate Investment Management
Private equityWest Hartford · 21 people tracked
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.
Source: firm website, verified Aug 6, 2026.
Team · 21 people
from the firm's websiteFund performance · per public LP disclosures · 3
as of Dec 2024| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Penwood Select Industrial Partners VII, LPLPs: Connecticut Retirement Plans and Trust Funds | 2023 | — | — | 0.68x | 0.00x |
| Penwood PSIP II, L.P.LPs: North Carolina Retirement Systems | 2007 | — | 24.3% | 2.10x | 2.10x |
| Penwood CSIP I, L.P.LPs: North Carolina Retirement Systems | 2005 | — | 0.8% | — | — |
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.
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