Pensam Capital closed on the acquisition of a six property portfolio located throughout the Southeast and Midwest. These acquisitions broaden Pensam’s geographic portfolio by entering into new markets. The properties have been institutionally owned and offer Pensam significant value-add opportunities in stable markets throughout Florida, South Carolina and Iowa.
Additionally, Pensam Capital closed on the acquisition of four properties located throughout Florida, Texas and Indiana.
Lo Garto is a 188-unit garden style apartment community located in Dunedin, Florida. The property, built in 1973, presents a unique opportunity to acquire a well-located, low-density multifamily asset. Pensam is planning property enhancements to amenity areas, clubhouse and interior upgrades.
St. Andrews and Montclair are two garden style apartment communities located in Dallas, Texas. The 312 and 324 unit properties present a great opportunity to acquire Class A, well-located multifamily assets in Dallas. Pensam Capital is planning properties enhancements to amenity areas, clubhouse and interior upgrades.
Carmel Landing, a 296 unit garden style community located in Carmel, Indiana. The property was built in two phases, phase I – 1994, and Phase II – 1996. Carmel Landing broadens Pensam’s geographical portfolio by entering Indiana market. Pensam is planning property enhancements to the property’s amenity areas, clubhouse and interior upgrades.