Penn Square overview
Stories about Penn Square
Penn Square targets $300m for second fund
The Pennsylvania-based fund of funds has raised more than $75m for the fund, Penn Square Global Real Estate Fund II, according to regulatory filings this week. The firm’s first fund closed last year on $231m.
Penn Square contact information
Offices
P.O. Box 772947, Steamboat Springs, 80477, United StatesContacts
| Name | Job title | Location | |
|---|---|---|---|
Key Contact Mr. Jonathan Albro | Job titleChief Executive Officer | LocationSteamboat Springs, United States | Email  ----- |
| Key ContactMs. Claire Bailey Johnson | Job titleDirector, Investor Relations and New Business Development | LocationSteamboat Springs, United States | Email ------- |
| Mr. Jack Albro | Job titleInvestor Relations Professional | LocationSteamboat Springs, United States | Email -------- |
Penn Square fund commitments
Known fund commitments: 4
| Fund | Manager | Commitment date | Commitment size |
|---|---|---|---|
Manager ----------- | Commitment date- | Commitment size- | |
Manager ----- | Commitment date- | Commitment size ---------- | |
Manager -------- | Commitment date- | Commitment size --------- | |
Penn Square funds managed
Funds in market: 1
| Fund | Fund size | Open date | Strategy |
|---|---|---|---|
Fund size -------- | Open date- | Strategy ------ | |
Closed funds: 4
| Fund | Fund size | Close date | Strategy |
|---|---|---|---|
Fund size ----------- | Close dateJul 2020 | Strategy ------ | |
Fund size ------ | Close dateJan 2014 | Strategy -------- | |
Fund size ----------- | Close dateApr 2010 | Strategy ------ | |
Stories that mention Penn Square
Sares-Regis Group closes US multifamily fund
With leverage, the Sares-Regis Multifamily Fund will have $300 million in buying power to invest in value-added properties primarily in coastal California, Seattle, Denver, Portland and Phoenix.
Debut FoF targets $250m for distress
Stauffenberg Capital’s first fund of funds will be exclusively advised by real estate advisor Townsend as it seeks to capitalise on the dislocation in the markets. A first close is planned by the end of the year.
Grosvenor eyes up to $500m for development fund
The Philadelphia-based arm of the London investment firm is targeting between $250m and $500m for a multifamily development vehicle, the Grosvenor US Multifamily Fund. Meanwhile, Sares-Regis eyes $200m for multifamily acquisition.