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PENWOOD Real Estate Investment Management
Penwood Real Estate Investment Management, LLC is an SEC-registered investment adviser established in 2003. It provides institutional investors with access...
Overview
Penwood Real Estate Investment Management, LLC is an SEC-registered investment adviser established in 2003. It provides institutional investors with access to supply-restrained real estate markets through a value-added investment strategy. Penwood's professionals use their expertise to make strategic decisions and maximize results.
General information
Firm type
Asset Manager
Principals
Steven L. Berman
Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at PENWOOD Real Estate Investment Management?
Steven L. Berman chairs PENWOOD and leads investment decisions. The firm operates as a centralized investment manager without a separate, externally named CIO. Berman's involvement across acquisitions, asset management, and dispositions reflects the firm's lean organizational structure.
What is PENWOOD's investment strategy and geographic focus?
PENWOOD pursues a value-add strategy focused on industrial, warehouse, and logistics properties in infill locations across the Northeastern United States. Core markets include Northern New Jersey, Eastern Pennsylvania, and the greater New York City metro area. The firm targets assets with vacancy, near-term lease rollover, or functional obsolescence, then executes capital improvement and re-tenanting programs.
How does PENWOOD source its deal flow?
PENWOOD sources acquisitions primarily through regional broker relationships and its principals' decades-long track record in Northeastern industrial markets. The firm relies on off-market and lightly marketed transactions, supported by its reputation as a credible, all-cash or low-leverage buyer that can close quickly on complex, operationally intensive properties.
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