Experience

Pennybacker Capital invests in and operates middle-market multifamily, retail, office and industrial assets in sustainable growth markets with a primary focus on the four major Texas markets. Pennybacker Capital targets discounted properties and debt instruments that are complex, off-market, and/or undervalued. These assets traditionally generate current income, have strong capital appreciation potential, and have a margin of safety around their basis value.

Founded in 2007, Pennybacker Capital evolved from a commercial real estate investor and developer to a fund sponsor serving institutional investors, family offices, high net worth individuals, and wealth management advisors. Pennybacker Capital and its predecessor companies have a proven eight-year track record investing in and operating a diverse base of commercial and multi-family real estate properties located throughout the U.S. We have completed over 84 transactions in 14 states, including investments in anchored and single-tenant retail centers, office buildings and complexes, multi-family properties, and student housing assets.