$40M financing secured for industrial warehouse in central New Jersey rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
Wisconsin Investment Board commits $1 4 billion to private equity, real estate pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
West Hartford’s Penwood Real Estate Investment Management has launched its sixth industrial property investment fund with $381.5 million in freshly raised capital.
Penwood Select Industrial Fund VI will acquire and create industrial real estate properties in Southern California, New York and New Jersey, the firm said.
Penwood announced the sixth fund last month, but did not disclose the amount raised. That detail emerged in a Feb. 26 filing with the U.S. Securities & Exchange Commission.
Penwood was formed in 2003 and is led by its three owners Richard Chase, John Hurley and Karen Nista.
The firm’s fifth fund was launched in late 2017 after raising $325 million.