Pensam was founded in 2009 by a team of seasoned real estate professionals who identified a need for alternative flexible capital in a market challenged by limited liquidity. Michael Stein, Gavin Beekman and Joe Ackerman created Pensam, an opportunistic lender providing short-term bridge loans to owners of distressed properties.
After quickly establishing itself as a competitive alternative lender on a national playing field, Pensam expanded into the multihousing business, acquiring and repositioning apartment properties throughout the country. In 2015, Pensam established a development division focused on ground-up construction and development of high-quality apartments.
Today, Pensam is one of the country’s largest private real estate investors and capital providers specializing in the vibrant U.S. multihousing sector. Pensam’s investment portfolio currently stands at over $3 billion and includes properties in primary and secondary markets. As an integrated firm, Pensam is uniquely positioned to leverage the synergies of its three service lines – equity, debt and development.
Guided by our corporate mission and core values, Pensam strongly believes in making a positive impact in the communities we are invested in through monetary donations and volunteer work. It has always been our goal to bring positive impacts to our communities and help those in need. See below for a list of organizations we have been active with: TBD