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Penzance Expands MF Portfolio with $200M in Acquisitions
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Penzance Expands MF Portfolio with $200M in Acquisitions
Penzance has acquired approximately $200 million in multifamily and residential assets totaling 1,100 units and over 1.2 million square feet during the fourth quarter of 2025, significantly expanding its footprint across Virginia and the Carolinas. 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. “These acq…
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