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Hartford’s Penwood Real Estate Investment Management has raised about half of an intended $250 million for its investment fund.
The real estate investment advisory firm, which is housed at downtown’s Hartford’s Gold Building on Main Street, had raised $126.3 million from three investors as of March 25, according to a filing with the U.S. Securities and Exchange Commission.
The money is for its Penwood Select Industrial Partners III, a closed-end fund that has picked up four industrial properties in Southern California since 2012, according to Penwood’s website. The properties total about 727,000 square feet.
The Hartford Business Journal has reached out to Penwood Principal John Hurley for comment.
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The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
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