Pensam Partner, Executive Vice President, Noah Miller will be speaking at the 2026 Multifamily Owners (MFO) Summit on January 5 at the JW Marriott Miami Turnberry Resort & Spa in Aventura, Florida.
Noah will participate in a panel session titled “LP Equity: Show Me The Money,” where a group of seasoned real estate investors will examine how LPs evaluate investment opportunities, assess deal fundamentals, and determine whether to invest or pass.
Celebrating the Impact of the Rent-Free Holidays Program Across Pensam Communities
Pensam is proud to once again participate in BH Management Services’ Rent-Free Holidays program, an initiative launched in 2023 to support and celebrate residents during the holiday season.
This year, 33 Pensam communities were selected to receive Rent-Free Holidays as part of the broader program. Across our properties, residents received rent and utility support for December, reinforcing our commitment to creating positive experiences within our communities.
Participating Pensam communities included:
- Tava Waters
- Riverbend
- Airie
- Pavilions at Deer Chase
- The Kennedy
- Bristol Place
- Willow Lake
- The Grand Parkway
- Prentiss Creek
- The Villages at Louetta
- The Ridge
- Paddock Place
- Promenade at Edgewater
- Stoneleigh on Kenswick
- Promenade at Belleair
- Hawthorne Ridge
- City Parc at Keller
- Northgate Oaks
- Lakes at Fountain Square
- Promenade at Uptown
- Sundance
- Grand Oaks
- Windscape of Naperville
- The Grove at Schaumburg
- 1900 at Canterfield
- Lakeside at Wheaton
- Butterfield Oaks
- Broadstone New Territory
- Covey at Fox Valley
- Riverhaus
- Preserve at Spring Lake
- Parallax at Georgetown – and more.
We are grateful to our teams across the country for helping make these memorable moments possible. Your ongoing commitment to our residents continues to strengthen the communities within our portfolio.
Thank you to BH Management for championing this program and for their continued partnership.
From all of us at Pensam, we would like to wish our clients, partners and residents a joyful and restful holiday season.

Pensam Joins Industry Leaders at the 2025 Florida Multifamily Summit
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 Attends OPTECH 2025 in Las Vegas
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.

Exploring Private Credit Solutions at the MBA CRE Finance Summit
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.

Pensam Closes Preferred Equity Investment at Stonebrook Apartments
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 Presents at the eCore25 Real Estate Summit
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.

Industry Leaders Discuss Alternative Equity at the Carolinas Middle-Market Multifamily Forum
Pensam’s Partner, Head of Capital Markets and Lending, Ray Cleeman, will be speaking at the upcoming Carolinas Middle-Market Multifamily Forum.
Ray will join a panel discussion on “Identifying and Attracting Alternative Equity Sources”, sharing insights alongside industry leaders on the evolving capital landscape.
This premier event brings together multifamily owners, operators, investors, and decision-makers shaping the future of residential real estate.

Navigating the Denver CRE Market at the 2025 Fall Multifamily Expo
Pensam’s Mary Hazuka and Monica Slusser, Portfolio Managers on our Asset Management team, will be attending the 2025 Fall Multifamily Development & Investment Conference & Expo on August 19 in Denver, CO.
Discussion topics on the agenda include the Colorado Apartment Market Overview and Unlocking Trends: Navigating the Denver CRE Market.

Pensam Acquires Riverbend Apartments, a 996-Unit Property in Indianapolis, IN
We are proud to announce our recent acquisition of Riverbend Apartments, a 996-unit multifamily community located in Indianapolis, IN.
Riverbend presents a compelling opportunity to reposition and stabilize an operationally distressed asset through the implementation of a focused operational reset and targeted capital improvements.
Originally built between 1982 and 1986, the property features a mix of one-, two-, and three-bedroom floorplans and townhomes, and is exceptionally well located along I-465, with direct access to major employers and retail destinations.
“At this stage of the market cycle, we are highly selective – focusing on opportunities that exhibit truly distinctive characteristics and potential,” states Hen Shoval, Partner and Chief Investment Officer at Pensam. “This investment exemplifies that approach”.


