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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.

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.

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.

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”.

Pensam finished 2024 strong with the recapitalization of The Preserve at Spring Lake, a 320-unit apartment community located in Altamonte Springs (Orlando), Florida.

“We implemented an incredibly unique capital structure in this deal,” said Ray Cleeman, Head of Capital Markets and Lending at Pensam. “This innovative refinancing structure proved invaluable to a sponsor who experienced a loan maturity and had limited opportunities to refinance and achieve a cash-neutral position or sell the asset and recover their full equity investment.

Our new solution will prove to be invaluable in the current market, which is facing stress from interest-rate-driven disruptions and the rapidly growing number of senior loans that have matured or are expected to mature in the near term,” said Cleeman. “Through our total capital solution, the sponsor was able to satisfy its existing debt, establish reserves—including for capex—and satisfy outstanding payables. This recapitalization also extended maturity for several years and will afford the sponsor the additional time necessary to achieve the expected full potential of the asset.”

Pensam provided preferred equity as part of a $40+ million refinancing of The Mural, a newly constructed Class-A, 5-story apartment community in Orange, New Jersey. This investment was structured behind a Freddie Mac senior loan and was developed by Reynolds Asset Management.

“With our investment, the sponsor was able to recapture a significant amount of their invested capital and replace their floating-rate debt with longer-term fixed-rate financing,” said Ray Cleeman, Head of Capital Markets and Lending at Pensam. “Our ability to structure and execute innovative financing solutions underscores our commitment to helping our partners achieve their investment goals.”

Explore our portfolio of investments: Pensam Investments

For inquiries about this transaction or future opportunities, please reach out to our team.