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PENLER Surpasses $1 Billion Capital Milestone

In a significant achievement for the multifamily real estate sector, PENLER, based in Atlanta, Georgia, has successfully surpassed the $1 billion capital milestone, marking a pivotal moment in the firm’s growth trajectory across the Sunbelt region. This milestone is underscored by a series of strategic acquisitions and developments that align with PENLER's commitment to expanding its portfolio in high-potential markets.

Recent Growth and Achievements

In the last six months, PENLER has notably increased its portfolio size close to $1 billion, facilitated by acquiring three key properties and launching two new development projects. The firm's total transaction volume has now exceeded $1.64 billion, which includes successful divestments totaling over $430 million. The firm's managing partner, Brian Metzler, commented, “These investments reflect our continued commitment to thoughtful expansion in high-growth Sunbelt markets. Eclipsing the $1 billion mark in just six years is a testament to the strength of our platform, the conviction of our capital partners, and the talent of our dedicated team.”

Recent Acquisitions

PENLER's recent investments included partnerships with a real estate fund managed by Crow Holdings Capital. The acquisitions span notable properties across the Sunbelt, where the firm aims to enhance each property’s appeal by renovating units and upgrading amenities. The properties are:

• - Botanic Waterside: A 320-unit Class A property located in Sarasota/Lakewood Ranch, Florida.
• - Trace Midtown: A 290-unit high-rise apartment complex situated in Atlanta, Georgia.
• - Eleven85: A 288-unit garden-style property also in Atlanta.

In addition to acquisitions, PENLER has commenced construction on two new projects in areas marked by substantial population growth and rental demand. One project encompasses 294 garden-style units across a 20-acre site in Lakewood Ranch, Florida, and the other involves 262 units on a seven-acre site in downtown Clermont, Florida, a prosperous suburb of Orlando.

Expanding the Team

To bolster its operational capabilities, PENLER has brought on board six new team members in 2025. Key leadership positions filled include:

• - Chris Doscher: Managing Director of Construction and Development, brings 25 years of industry experience.
• - Jon Gilliam: Chief Financial Officer, with over 15 years of expertise in institutional real estate.
• - Mark Hinshaw: Chief Operating Officer, who transitions from CFO to broaden his role in operations.

In addition, four new members, Daniel Harari, Wyatt Smith, Mason Valk, and Riley Haynie, will support various aspects of the company's growing operations. Harari will oversee new site acquisitions, while Smith, Valk, and Haynie will fill roles in asset management, finance, and investment analysis, respectively.

“Our recent hiring reflects our proactive approach to prepare for future growth,” stated Graham Carpenter, another managing partner at PENLER. “Having the right leaders is essential as we look to expand our portfolio and drive long-term value.”

Future Outlook

Looking forward, PENLER is committed to implementing its disciplined growth strategy. The firm will maintain focus on opportunities within the Southeastern United States, particularly in its fastest-growing metropolitan areas. As operations and capital inflows are expected to improve, PENLER anticipates a wealth of opportunities ahead in the multifamily real estate sector.

For more information about PENLER and its investment philosophy, visit their official website.

About PENLER

Founded in 2019, PENLER has rapidly established itself as a leading multifamily real estate investment, development, and asset management firm. Based in Atlanta, Georgia, the firm strategically targets high-growth metropolitan areas across the Southeastern United States. With a robust team endowed with over 100 years of collective experience, PENLER's operational ethos is grounded in its core principles: People, Properties, and Principles. This commitment drives their mission to create lasting value in the communities they serve.