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Pennybacker Capital Raises $1.6 Billion for Real Estate Investments

Texas Firm Targets Property, Debt Opportunities
Typical of Pennybacker Capital Management property acquisitions is 3200 Bush St., a 251,314-square-foot warehouse in Raleigh, North Carolina. (Lawrence Hiatt/CoStar)
Typical of Pennybacker Capital Management property acquisitions is 3200 Bush St., a 251,314-square-foot warehouse in Raleigh, North Carolina. (Lawrence Hiatt/CoStar)

Pennybacker Capital Management held the final closing of its sixth value opportunity series fund, Pennybacker VI, adding to a capital commitment from Goldman Sachs earlier this month.

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