Panco Management has been ranked #1 in the list of Top 100 Management Companies with 25+ communities by the Satisfacts/ApartmentRatings epIQ Index. Based on reputation review scores and resident surveys, this list is recognized within the multifamily industry as a leading indicator on which companies are consistently achieving the highest levels of resident satisfaction in their communities. Panco Management’s overall score in the July 2023 epIQ report was the highest in the country at 96.82.

“This recognition is a true testament to the passion and commitment of the entire Panco team,” states Kathy Masterson, VP of Operations. “Our mission is to provide our residents with exceptional living experiences at all levels and we are proud to be recognized as the top company in our industry.”

For more information on the epIQ report, visit https://www.satisfacts.com/epiq-index/.

Panco Strategic Real Estate Fund V closes at $781 Million

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

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.

New York-based firm bought Solera at City Centre, the company’s second multifamily acquisition in Palm Beach County in less than a year.

Originally published in TheRealDeal. Click here for the full article.

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.

The seller, a joint venture between Palm Beach Gardens-based Eastwind Development Group and Prague, Czech Republic-based ICP, paid $4.2 million for the land in 2019, records show. The partnership completed the two apartment buildings and the adjoining City Centre retail, restaurant and office complex last year. That complex was not included in the Pantzer deal.

Solera offers a mix of one-bedroom, two-bedroom and three-bedroom apartments ranging from 682 square feet to 1,363 square feet, according to Apartments.com. Rents are not listed on the website. The three-story buildings share a clubhouse, pool and central courtyard, records show.

In May, Pantzer paid $119.4 million for the 392-unit Town Southern apartment complex in Royal Palm Beach and renamed the property The Point at Wellington. In less than a year, Pantzer has added 528 apartments in Palm Beach County to its portfolio of more than 10,000 units along the East Coast.

Overall, Pantzer owns 36 multifamily properties from Massachusetts to Florida, including four in Palm Beach County and one in Miami-Dade County, according to the firm’s website. Pantzer buys apartment properties through its Panco Strategic Real Estate Funds, the website states.

Pantzer joins a handful of heavy hitting multifamily investors that closed big-ticket deals across South Florida in the past week. Chicago-based Waterton paid $80 million for a 216-unit garden-style community in Boynton Beach; Atlanta-based The Carroll Organization paid $49.4 million for an 188-unit apartment complex in Oakland Park; Boston-based Berkshire Residential Investments paid $202.5 million for a 390-unit project in Jupiter; and Dallas-based S2 Capital paid $127 million for a 359-unit apartment complex near Jupiter.

Published in Multi-Housing News, August 24, 2020

Pantzer Properties has acquired The Point at Palisades, a luxury apartment community in the Washington, D.C. suburb of Manassas Park, Va. Oxford Properties was the seller of the 304-unit transit-oriented property. Berkadia’s Washington, D.C. metro office represented the seller in the deal. According to Yardi Matrix, the community was purchased for $71 million and was subject to a $55 million Freddie Mac loan. The asset has been rebranded from its previous name of Palisades at Manassas Park.

The four-story apartment community on 10.6 acres offers one- and two-bedroom apartments. Features include large closets, in-unit washer-dryers, 9-foot ceilings, granite countertops and balconies or patios. A fire pit with surrounding outdoor seating is among the property’s prominent amenities. Recent occupancy levels stood at 94.4 percent as of July.
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.
Senior Managing Director J. Tyler Blue and Managing Director Paul Wallace headed the Berkadia team arranging the buyer’s financing with debt. Senior Managing Director Drew White represented the seller in the transaction. Last week, Berkadia brokered the sale of a pair of Tampa, Fla.-area apartment communities.

J. Turner Research has ranked Panco Management #3 within Division III (10,000 – 19,999 units) in the 2020 Division ORA Power Ranking as published by Multifamily Executive.

The ORA Power Ranking measures the online reputation of more than 122,000 properties nationwide based on a compilation of ratings across various review sites and ILSs.  The national average ORA score is 65.34. Panco Management received an outstanding score of 80.19.  

“Our on-site teams work hard to provide great service on a daily basis. Being recognized as a top- rated company shows that we are truly making a difference within our communities and delivering on the promises we make to our residents.”, states Kathy Masterson, Senior VP of Operations at Panco. 

Further information on the 2020 ORA Power Ranking results can be found at Multifamily Executive.

Panco Strategic Real Estate Fund IV closes at $450 Million

NEW YORK, Feb. 12, 2020 /PRNewswire/ — Pantzer Properties, Inc (“Pantzer”) hereby announces the final closing of its fourth real estate fund, the Panco Strategic Real Estate Fund IV (“Fund IV”), occurred on January 1, 2020 with $450 million of capital commitments. Fund IV received substantial commitments from endowments, foundations, non-profits, family offices and high net worth individuals. Fund IV is approximately 50% larger than Pantzer’s prior fund.

Fund IV continues Pantzer’s established focus of pursuing strategic investments in tangible multifamily assets on the East Coast of the United States. Pantzer is one of the largest privately-owned multifamily owner/operators on the East Coast, focused on the affordable luxury segment of the market within the greater Boston, New Jersey, Philadelphia and Washington D.C. metro regions.

About Pantzer Properties, Inc.

Founded in 1971, Pantzer is a niche specialist within the multifamily space and has consistently pursued a sector specific and geography specific strategy throughout its 49-year history. Pantzer is headquartered in New York City with offices in Northern Virginia, Boston, Philadelphia and New Jersey. Further information is available at www.pantzerproperties.com.

Panco Management has been ranked #2 by ApartmentRatings and Satisfacts in their list of Top 100 Management Companies with 25 or More Communities for January 2020. This list is determined by four main variables including 1) Ratings from renters’ reviews and surveys; 2) Manager review response rate; 3) Volume of reviews and 4) Manager review response time.

“This is not only an amazing accomplishment but also a true testament to the diligent work of each of our property managers and their teams,” states Kathy Masterson, Senior VP of Operations at Panco. “It also illustrates our strong commitment as a company to providing quality service to our residents and supporting the success of each of our communities.”

For more information, visit the Satisfacts website.

About Pantzer Properties, Inc.

Founded in 1971, Pantzer Properties is a fully integrated owner / operator of multifamily assets in high-rise, midrise and garden style format along the North East and Mid-Atlantic corridor of the United States. Headquartered in New York City with offices in New Jersey, Philadelphia and Northern Virginia, Pantzer Properties’ portfolio extends from the Greater Boston to Washington D.C. metro area. Further information is available at https://www.pantzerproperties.com.

The trust paid $379.1 million to acquire five communities totaling 1,685 units in Northern Virginia, as part of a larger portfolio acquisition that will be funded through the sale of office and retail assets.

NYSE-listed Washington Real Estate Investment Trust (WashREIT) has now closed on its $379.1 million acquisition of a portfolio of five multifamily assets in Northern Virginia, totaling 1,685 units. The suburban properties represent the first tranche of a larger $461 million, 2,113-unit multifamily portfolio acquisition that the REIT has dubbed “Assembly.”

The second tranche of the value-add transaction will consist of two apartment communities totaling 428 units in Montgomery County, Md. WashREIT, which announced the signing of the portfolio deal in early April, said it plans to fund both tranches of the acquisition through the sale of select office and retail assets.

The seller was not disclosed, but Yardi Matrix data indicates that the previous owner of the five Northern Virginia assets was Pantzer Properties, which picked up the communities from Bainbridge Companies in a portfolio deal in March 2011.

The five properties include:

• The Point at Alexandria: 205 Century Place, Alexandria (532 units)
• The Point at Dulles: 13690 Legacy Circle, Herndon (328 units)
• The Point at McNair Farms: 2511 Farmcrest Drive, Herndon (283 units)
• The Point at Bull Run: 10519 Lariat Lane, Manassas (408 units)
• The Point at Leesburg: 86 Heritage Way, N.E., Leesburg (134 units)

All the communities were built between 1986 and 1990, except for The Point at Dulles, which was completed in 2000. Each of the properties is more 94 percent occupied, and four of the five properties are more than 96 percent occupied, according to Yardi Matrix data.

REIT RAMPS UP MULTIFAMILY HOLDINGS

WashREIT owns more than 6.1 million square feet of commercial space and 5,953 multifamily apartment units across 53 properties. The entire Assembly deal boosts its multifamily unit count by 50 percent, as the real estate investment trust bets on the rise of suburban renting.

“We are expanding our multifamily portfolio to serve the fast-growing cohort of renters—aging millennials—who can’t afford home ownership or urban infill rents and are drawn to well-located, Class B suburban multifamily with its larger living spaces and excellent community services,” commented Paul McDermott, WashREIT president and CEO in a prepared statement upon the initial signing of the deal.

In January of last year, WashREIT agreed to purchase Arlington Tower, a 398,000-square-foot Class A office building in the Rosslyn submarket of Arlington, Va., from Tishman Speyer for around $250 million. The REIT also sold 2445 M St. NW, a 290,000-square-foot office property in Washington, D.C., to Beacon Capital Partners for $101.6 million in June, according to Yardi Matrix.

CBRE proudly recognizes Pantzer Properties as a Top 10 Multi-Family Buyer for the Mid-Atlantic Region for 2017 / 2018.