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.
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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.
This year’s winners are:
The Point at Rittenhouse Row in Philadelphia, PA | Gold | Leasing/Marketing & Web Engagement - Eastern Region-Before 1961, 80-95 Units
The Point at Glen Mills in Glenn Mills, PA | Gold | Overall Excellence - Eastern Region – Between 2000-2016, 115-230 Units
The Point at Phoenixville Riverworks in Phoenixville, PA | Gold | Overall Excellence & Maintenance Excellence – Eastern Region – Between 2000-2016, 275-400 Units, 326+ Units
The annual PAA Best of Awards recognize leading apartment communities in Pennsylvania within top competitive categories based on region, number of apartments and the year the property was built. Entries are received by communities located throughout the Commonwealth with the top properties receiving recognition for demonstrated excellence within the multifamily industry.
APARTMENT RATINGS
31 Panco Properties Win 2021 Top Rated Communities for Outstanding Resident Satisfaction
Pennsylvania Apartment Association
Panco Management Named 2022 Management Company of the Year
SATISFACTS
#3 Top Ranked Management Company