Led by Taylor
Coe and Alex Rongione,
Pennington Real Estate Partners will expand access to investment
opportunities for highly successful entrepreneurial founders, their
families, and their advisors
BETHESDA, Md., Jan. 3, 2024
/PRNewswire/ -- Pennington Partners & Co., a multi-family
investment office that specializes in working with entrepreneurs,
CEOs / founders, and their families, has announced the launch of
Pennington Real Estate Partners (PREP). The new vertical will make
direct investments in residential and commercial real estate across
the United States, providing new
and existing Pennington clients with proprietary real estate
investment expertise.
The new offering will focus on tax-advantaged investing
including Opportunity Zones, structured equity, and senior secured
lending given emerging opportunities in the existing marketplace.
The launch represents an expansion of the Pennington team with the
addition of Taylor Coe and
Alex Rongione. Both come from
distinguished careers in institutional real estate investment
management, most recently at Walker & Dunlop Investment
Partners, and will join the firm as Managing Directors and members
of the PREP Investment Committee. As leaders of Pennington Real
Estate Partners, Coe and Rongione will each be responsible for
designing investment strategies, sourcing opportunities, executing
business plans, and realizing investments. Additional information
and bios can be found below.
"Pennington Real Estate Partners opens the door to many new
opportunities for our clients," noted Brian Gaister, co-founder and CEO of
Pennington Partners. "We have expanded our in-house real
estate investment expertise that will allow us to capitalize
on investment opportunities throughout the United States. 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."
The launch of Pennington Real Estate Partners comes on the heels
of notable growth and expansion for Pennington Partners. The firm
closes out the year with more than 100% growth in assets under
management, the launch of a new offering in private equity, and has
been recognized in numerous industry accolades. "We're thrilled to
be joining forces with a top-tier firm like Pennington, where we
can add commercial real estate and associated structured finance to
the array of opportunities available to our advisory families,"
added Coe and Rongione.
For more information about Pennington Partners, please visit
www.penningtonpartners.co.
About Taylor Coe and
Alex Rongione
Taylor Coe joins Pennington Real Estate Partners
as a Managing Director and member of the PREP Investment Committee.
Prior to joining Pennington, Taylor was on the equity investment
team at Walker & Dunlop Investment Partners ("WDIP"), a
middle-market real estate investment platform with over
$6.1 billion of assets under
management as of his time of departure. At WDIP, Taylor was
responsible for closing investments with a total capitalization in
excess of $1.3 billion. Taylor is
also the founder of Sunshine Peak Partners, a boutique investment
management firm, and is a graduate of the University of Colorado.
Alex Rongione joins Pennington
Real Estate Partners as a Managing Director and member of the PREP
Investment Committee. Prior to joining Pennington, Alex was also on
the equity investment team at Walker & Dunlop. He contributed
to all aspects of the investment process including but not limited
to capital raising, strategy, origination, and execution. At WDIP
Alex was responsible for closing investments with a total
capitalization in excess of $1.7
billion. Alex is a CFA charter holder, a NAIOP Developing
Leader, and a graduate of the University of
Pittsburgh.
About Pennington Partners & Co.
Originally founded
to serve the needs of the two founding families who have built and
sold companies in various industries, Pennington Partners &
Co.'s mission is to elevate the lives of highly successful
entrepreneurial founders and their families. We provide a breadth
of investment, wealth planning, and personal financial
administration solutions that were created by and for founders,
CEOs, wealth creators, and multi-generational families. We partner
with successful families and their advisors by providing objective
advice, strategy, sophisticated investment solutions, and family
office services to generate meaningfully higher efficiency while
maintaining the intimacy of a single-family office. In short, our
vision is to transform the landscape of financial advice for
families of complex wealth, in order to deliver better outcomes. To
learn more, please visit www.penningtonpartners.co.
Media Contact:
Ryan
Walker
R.J. Walker & Co.
ryan@rjwalkerco.com
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SOURCE Pennington Partners & Co.