Penzance, a vertically integrated real estate fund manager, acquired approximately $200 million in multifamily and residential assets totaling 1,100 units and more than 1.2 million square feet during fourth quarter 2025, significantly expanding its footprint across Virginia and the Carolinas. The four projects target a mix of high-growth markets with strong employment drivers and limited new supply.
The acquisitions include stabilized communities purchased well below replacement value, along with a build-to-rent development, deploying capital across a range of risk-adjusted strategies. By combining selective redevelopment, operational upgrades and new development, Penzance positions each of the four assets to capitalize on local market strength while diversifying its portfolio.
“These acquisitions highlight the attractive opportunities we are seeing in residential projects with solid fundamentals and represent meaningful growth opportunities in target markets, across
