The Point at Royal Palm Beach, owned and managed by Panco Management, has been ranked as the number one property in the Miami-Ft. Lauderdale-West Palm Beach, FL MSA based on Online Reputation Assessment (ORA) scores. Developed by J. Turner Research, the ORA Power Rankings rate apartment properties across the nation with the average ORA score being 62.78. The Point at Royal Palm Beach scored 98 to tie for the first place ranking in the Southeast Florida region.
Dedicated to our mission of delivering outstanding living experiences to our communities, we are thrilled to have one of our leading properties recognized for providing top quality service to our residents. We look forward to continuing this level of excellence not only within the rapidly growing Southeast Florida area but also throughout our entire portfolio.
The ORA ranking was featured in the Multifamily Executive spotlight on 2022’s Top 25 Most Populated MSAs and the TOP 10 Properties in Each by ORA. The full ranking list can be found here.
Pantzer Properties, Inc. (“Pantzer”), a vertically integrated multifamily owner/operator, announced the final closing of its fifth real estate fund, Panco Strategic Real Estate Fund V (“Fund V”) on September 30, 2022. Fund V was oversubscribed with $781 million in capital commitments, exceeding the fundraising target of $750 million.
Fund V received substantial commitments from endowments, pension funds, healthcare systems, foundations, non-profits, Registered Investment Advisors, family offices and high net worth individuals. Fund V is approximately 75% larger than Pantzer’s prior fund.
Fund V is a continuation of Pantzer’s highly successful, fully discretionary private equity fund series known as the Panco Strategic Real Estate Funds, focusing on tangible multifamily assets in high-barrier to entry markets along the East Coast of the United States.
Further information is available at www.pantzerproperties.com.
New York-based firm bought Solera at City Centre, the company’s second multifamily acquisition in Palm Beach County in less than a year.
Click here for the full article as published in TheRealDeal.
Pantzer Properties closed its second multifamily deal in Palm Beach County in 11 months, buying a 136-unit apartment complex for $66.5 million.
An affiliate of the New York-based multifamily real estate investment firm acquired Solera at City Centre Apartments at 2100 PGA Boulevard 100 in Palm Beach Gardens, according to records. Pantzer, led by co-CEOs Jordan and Jason Pantzer, paid $488,971 per unit. The buyer obtained a $43.3 million mortgage from U.S. Bank.
Pantzer Properties has acquired The Point at Palisades, a luxury apartment community in the Washington, D.C. suburb of Manassas Park, Va. The four-story apartment community on 10.6 acres offers one- and two-bedroom apartments. Situated at 8100 Palisades Circle in Old Town Manassas, the property is steps from the Virginia Railroad Express, which provides simple and quick access to Washington, D.C. It is also within a half-hour commute of many of the most concentrated job hubs in the region. For instance, residents are near major employers such as Lockheed Martin, Micron, Inova Health System, Amazon and the Federal Bureau of Investigation.
FAST GROWING
These employers are located in Innovation Technology Park in Prince William County, Va., situated 6.7 miles from The Point at Palisades. Manassas Park and Prince William County are among the area’s fastest growing life sciences and biotechnology submarkets. Three military bases are also located within an approximately 45-minute drive.
Pantzer Properties is a fully integrated owner/operator of multifamily assets along the North East and Mid-Atlantic Corridor of the United States. We invest through our fully discretionary private equity fund series known as the Panco Strategic Real Estate Funds.