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Pensam recently closed on the successful sale of Grove at Main, a multifamily community located in Bloomington, Illinois.

The property was acquired in February 2021, at which time Pensam initiated a comprehensive repositioning strategy designed to provide a better living experience for the residents, enhance operational performance and add long-term value. The business plan included a significant capital improvement program, including interior and exterior upgrades, amenity improvements, and operational enhancements..

“The performance of Grove at Main demonstrates both proactive asset management and a thoughtful investment strategy,” said Hen Shoval, Partner and Chief Investment Officer at Pensam. “Through targeted capital improvements and disciplined execution of our business plan, we provided a superior product to the residents, while creating a positive outcome for our investors.”

Noah Miller, Partner and Executive Vice President at Pensam, will be a featured panelist at the upcoming PitchCalls Real Estate Investment Virtual Conference.

He will join industry leaders to discuss key themes shaping global real estate investment, including:

• Best practices for scaling real estate portfolios to billions
• Current trends in capital deployment and investment strategies
• The resurgence of family office real estate investing
• How an entrepreneurial mindset drives superior returns
• Limited partner strategies across interest rate and macro cycles

We look forward to Noah’s insights and contributions to this important industry discussion.

Pensam Partner, Executive Vice President, Noah Miller recently presented at the 2026 Multifamily Owners (MFO) Summit on January 5 at the JW Marriott Miami Turnberry Resort & Spa in Aventura, Florida.

Noah participated in a panel session titled “LP Equity: Show Me The Money,” where a group of seasoned real estate investors examined how LPs evaluate investment opportunities, assess deal fundamentals, and determine whether to invest or pass.

Noah Miller, Partner and Executive Vice President at Pensam, recently had the pleasure of speaking with students at Florida Atlantic University’s College of Business. He shared his career journey, insights into Pensam’s multifamily platform, and practical advice on transitioning from the classroom to a professional career in finance.

We are proud to see our team sharing knowledge and experience with the next generation of industry leaders. The thoughtful questions and curiosity from the students made the session particularly rewarding and highlighted the importance of mentoring and knowledge-sharing in our industry.

We extend our thanks to Joy Wilkinson, CFA, FRM, and the College of Business for hosting this engaging session.

Pensam’s Chief Investment Officer, Hen Shoval, and Executive Vice President, Noah Miller, will be attending the Florida Multifamily Summit 2025 on December 9th in Fort Lauderdale, FL.

At the event, Pensam will participate in the Capital Markets Private Roundtable, contributing to the discussion alongside other industry leaders on current trends and capital strategies shaping the multifamily sector.

Key topics at this year’s event include:

– Unlocking Opportunity: Navigating Multifamily Investments and Value Plays
– Capital Strategies 2.0: Innovative Approaches to Equity and Debt for Multifamily Investments & Developments
– Next-Gen Operations: Enhancing Apartment Performance Through People and Technology

Pensam’s Mary Hazuka, Portfolio Manager on our Asset Management team, will be attending OPTECH 2025 on November 17-19 in Las Vegas, NV.

Key highlights this year include keynotes from industry leaders like Kara Swisher and Nathan Blecharczyk, along with sessions offering insights into leveraging technology for smarter, more efficient asset management.

Ray Cleeman, Partner, Head of Capital Markets & Lending at Pensam, will be attending and moderating a session at the Mortgage Bankers Association (MBA) CRE Private Credit Finance Summit on November 17 in New York City.

Session Topic:

From Crisis to Closing: Real-World Case Studies and Solutions for Sponsors Facing Maturities or Financing Challenges

Ray will lead the discussion, exploring how sponsors are addressing maturing loans, reduced equity capital, and lower senior loan proceeds, while sharing practical insights for today’s evolving lending environment.

Last week, Pensam closed a preferred equity investment to support the continuing, successful, value-add program at Stonebrook Apartments in North Carolina.

This preferred investment, structured behind a Freddie Mac senior loan, underscores Pensam’s continued focus on providing customized capital solutions that help sponsors strengthen and grow their multifamily portfolios.

“With Stonebrook Apartments, we were able to deliver a tailored capital solution that enabled the sponsor to continue their capital improvements projects and support continued growth at the property,” said Ray Cleeman, Partner, Head of Capital Markets and Lending at Pensam.

Pensam’s Ray Cleeman, Partner: Head of Capital Markets and Lending, will be presenting at the eCore25 Real Estate Summit on November 16 in Miami, Florida.