Investment Strategy
Our Strategy Creation
Penwood’s value-added investment strategy focuses on rehabilitation, repositioning, redevelopment and development of low-risk industrial properties. We target supply-restricted markets with diverse demand generators.
We combine our teams’ experience with our development partners’ local knowledge and expertise to develop and execute innovative value-added strategies specific to each project. Penwood seeks acquisitions at or below replacement cost, with controlled downside risk and clearly defined exit strategies that maximize fund value and investors’ returns.
Overall, Penwood is primarily focused on industrial assets located in Southern California, New Jersey, Pennsylvania, port-centric New York, and Las Vegas, Nevada. We have a a secondary focus on port-related logistics markets across the nation.
Acquisition of Existing Properties
Penwood is actively seeking new acquisitions and investment opportunities. We are interested in existing warehouse, distribution, manufacturing, cold storage and food facilities, last mile and high flow-through logistics facilities, as well as industrial outdoor storage. We typically consider single-asset and portfolio acquisitions, sale-leasebacks and corporate real estate surplus. Our property investments range from $10 to over $100 million.
Development Site Acquisition
Penwood is looking for opportunities to create state-of-the-art industrial assets through the acquisition of land, land assemblages or through the redevelopment of functionally obsolescent buildings. Our development investments range from $10 to over $100 million.