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Pennington Partners Launches New RE Investment Vertical
Pennington Partners & Co has launched Pennington Real Estate Partners (PREP), a new branch focusing on direct investments in both residential and commercial real estate across the U.S.
This venture aims to leverage tax-advantaged avenues like opportunity zones and structured equity alongside senior secured lending. To lead this initiative, Taylor Coe and Alex Rongione, previously of Walker & Dunlop Investment Partners, have joined as managing directors and members of the PREP Investment Committee.
“We have expanded our in-house real estate investment expertise that will allow us to capitalize on investment opportunities throughout the United States,” said Brian Gaister, co-founder and CEO of Pennington Partners. “We are incredibly honored to have Taylor and Alex join us to lead this new endeavor. Both bring significant experience that will be essential in uncovering and navigating new investments.”
- ◦Financing