PENWOOD - Key Persons
Job Titles:
- Member of the Penwood Team
- Senior Vice President of Acquisitions
Andrew is responsible for sourcing, analyzing, and performing due diligence for East Coast industrial property investments. Prior to joining Penwood, Andrew worked for Sumitomo Corporation of Americas in an acquisitions and asset management role where he was instrumental in closing the firm's first ever U.S. industrial investments. Previously, Andrew worked for Cushman & Wakefield on the New Jersey Capital Markets team specializing in investment sales throughout the New York Metropolitan Area, and prior to that worked for CBRE in their Appraisal group. Andrew received his B.S. in Finance from The Pennsylvania State University and an MPS in Real Estate with a concentration in Development from Georgetown University.
Job Titles:
- Member of the Leadership Team
- Managing Director and Head of Asset Management
Christine is responsible for ongoing management, analysis and valuation of assets under management. Prior to joining Penwood, Christine worked for CBRE Capital Markets Debt & Equity Finance group where she was actively involved in the origination, underwriting and closing of over $950 million of mortgage loans across the United States. Previously, Christine was an investment analyst at UBS Realty Investors in the acquisition unit underwriting apartments, office, industrial, retail equity and participating mortgage investment opportunities in the northeast region. Prior to that, she was an acquisition analyst with CIGNA Investment Management, which she joined in 1999. Ms. Kubas received her B.S. in Finance from the University of Connecticut. Christine is a member of the Real Estate Exchange (NNCREW) and the Real Estate Finance Association (REFA).
Job Titles:
- Member of the Penwood Team
- Investment Associate
Donna works closely with the asset management team to support all areas of Penwood's operations with a focus on administrative functions, insurance coverage for portfolio properties, quarterly report research, compliance reporting, and client service. Prior to joining Penwood, Donna worked at CIGNA as an Investment Operations Senior Associate in Commercial Mortgages. While at CIGNA, she held various positions, including client service associate and administrative assistant.
Job Titles:
- General Counsel
- Member of the Penwood Team
Jeff advises Penwood on its real estate investments, closed-end investment funds, separate accounts, regulatory compliance, and general business operations. With over fifteen years of experience as a commercial real estate attorney, he supports Penwood in the formulation and implementation of strategic plans for the company's assets. Jeff joined Penwood from an Am Law 200 firm, where as a partner he represented private developers and institutions in commercial real estate acquisitions, dispositions, leases, and financings involving a variety of asset types, including industrial properties. Active within the real estate industry, Jeff serves as a member of the Executive Committee of Connecticut's Real Estate Finance Association. Jeff received a B.S., summa cum laude, in Business Management from Providence College and a J.D., with high honors, from the University of Connecticut School of Law.
Job Titles:
- Member of the Penwood Team
- Acquisitions Analyst
Jeremy is responsible for analyzing and performing due diligence for the company's prospective acquisitions. Jeremy previously worked as a Development and Advisory Analyst at Goman+York Property Advisors. At Goman+York Jeremy built development proformas, conducted market research, and developed site selection analyses for a variety of property types including industrial, multifamily, office, and retail. Jeremy graduated cum laude from the University of Connecticut with a B.S. in Real Estate and Urban Economics.
Job Titles:
- Chief Financial Officer
- Member of the Leadership Team
Joe is responsible for all fund and company accounting functions. Mr. Koziol most recently worked as an Assistant Director for CIGNA managing the accounting and reporting functions for all CIGNA managed real estate assets, including the oversight of the preparation and review of unaudited and audited financials for CIGNA's real estate investment portfolios. Joe was also responsible for the review and implementation of procedures and documentation to ensure overall compliance with Sarbanes-Oxley regulations and internal control policies. He joined CIGNA in 1997 after gaining significant accounting and financial analysis experience at Mutual of New York and prior to that Cushman & Wakefield. Joseph is well versed in GAAP, SEC, NCREIF and STAT accounting and reporting. He received a B.S. in Finance and an M.B.A. in Accounting from the University of Connecticut.
Job Titles:
- Member of the Leadership Team
- Principal - Chief Investment Officer
John is responsible for all company activities with a primary focus on investment strategy, product development, portfolio management, compliance, and client relations. His current focus is strategy execution for Penwood's series of industrial property value creation funds and the Penwood U.S. Industrial Separate Account. Previously, John worked as Managing Director, Head of Product Development for CIGNA. He was the portfolio manager in charge of value-creation and separate accounts and a member of the Executive Committee. He managed portfolios in both value-creation and core real estate funds for large public and corporate pension plans. John is a member of the National Association of Industrial and Office Properties, Urban Land Institute, Pension Real Estate Association and Cornell University's Real Estate Council. John is also a member of NAIOP's Investment Management II Forum. He received a B.A. from Bowdoin College and an M.B.A. from Cornell University's Johnson Graduate School of Management.
Job Titles:
- Member of the Leadership Team
- Principal - Chief Operating Officer
Karen is responsible for all company activities with a primary focus on investment strategy, asset management, financing and client relations. Her current focus is strategy execution for Penwood's series of industrial property value creation funds and the Penwood U.S. Industrial Separate Account. Previously, she was a Managing Director at CIGNA where she was in charge of individually managed separate accounts. Prior to that, Karen was Head of Asset Management for CIGNA's value creation and separate account strategies. Her asset management experience includes all commercial and multi-family property sectors in various geographical areas of the United States. Portfolio management activities include both separate accounts and commingled funds. Karen received her B.S. in Real Estate Finance and Urban Economic Studies from the University of Connecticut.
Job Titles:
- Member of the Penwood Team
- Senior Vice President of Asset Management
Lauren is primarily responsible for the management of East and West Coast industrial property investments including the analysis and valuation of assets under management. Prior to joining Penwood, Ms. Beuerlein worked for DRA Advisors LLC as a Senior Asset Manager where she primarily worked on over $2 billion of industrial investments in the Midwest and East Coast. Previously, Ms. Beuerlein worked for RREEF/Deutsche Asset Management in the Portfolio Management group and at Transwestern Investment Company, now called Pearlmark, as an Acquisitions Senior Associate working on industrial, office, retail and multifamily investments in major markets across the United States. Ms. Beuerlein started her career as a financial analyst for LaSalle Investment Management, a division of Jones Lang LaSalle. Ms. Beuerlein received her B.A. in Economics from the Emory University and an MBA from NYU Stern School of Business.
Job Titles:
- Member of the Penwood Team
- Senior Fund Controller
Lisa is primarily responsible for the accounting and reporting requirements for real estate investments and their respective partnerships, investor reporting and compliance. Prior to joining Penwood, Lisa worked as an Assistant Portfolio Controller at Cornerstone Real Estate Advisers. In this position she was responsible for the property and portfolio level accounting requirements, managing the audit process and the preparation of investor reports. Prior to that, she was a senior financial analyst for real estate investments at CIGNA, which she joined in 2002. Lisa received a B.S. in Finance from Central Connecticut State University and an M.B.A. from the University of Massachusetts.
Job Titles:
- Member of the Penwood Team
- Senior Vice President of Asset Management
Mark is primarily responsible for the management of West Coast industrial property investments including the analysis and valuation of assets under management. Prior to joining Penwood, Mr. Wetmore worked for UBS Realty Investors LLC where he most recently focused on the disposition efforts of $2.7 billion of real estate investments across the country. Mark also worked in the Asset Management group where he assisted with the management of a $2.5 billion portfolio of commercial investments primarily located along the East Coast. Previously, Mr. Wetmore worked for CBRE in both Property Management and Appraisal. Mark received his B.S. in Finance from the University of Connecticut and an MPS in Real Estate from Georgetown University.
Job Titles:
- Member of the Penwood Team
- Assistant Vice President of Acquisitions
Patrick is primarily responsible for assisting the Head of Acquisitions in sourcing, analyzing, and performing due diligence for the company's prospective acquisitions in Penwood's target markets. In this capacity he works with the Head of Acquisitions to establish and verify the assumptions used in the underwriting cash flow models. Prior to joining Penwood, Patrick worked for Barings (f.k.a. Cornerstone Real Estate Advisers) in an acquisitions and asset management role where he was focused on value-add industrial, multi-family, self-storage, and life science investments. During his time with Barings, he was involved in acquiring or developing projects totaling approximately $1 billion of total capitalization. He also served as the hiring manager for Barings' 2-year Analyst and Summer Internship programs. Previously, Mr. Nista worked for the CBRE Debt & Structured Finance team in Hartford supporting the analysis and origination of CRE loans for institutional clients. He received his B.S. in Finance - Real Estate and Urban Economics from the University of Connecticut.
Job Titles:
- Member of the Penwood Team
- Vice President of Acquisitions
Ram is primarily responsible for sourcing, analyzing, and performing due diligence for the company's prospective acquisitions for Penwood's West Coast target markets. In this capacity, he works with the Head of Acquisitions to establish and verify the assumptions used in the underwriting cash flow models. Prior to joining Penwood, Ram worked for UBS Realty Investors in acquisitions and dispositions, acquiring over $1.1 billion in assets and selling over $800 million in assets. Mr. Odedra also spent time working with UBS Realty Investor's Research & Strategy division, evaluating economic and real estate fundamentals. He co-authored a white paper titled "The U.S. Warehouse Market: Speculative Development." He received his B.S. in Business with a concentration in Finance from the University of Connecticut and was the recipient of the UConn Merit Scholarship.
Job Titles:
- Member of the Penwood Team
- Founders
- Founding Member Emeritus
Rick officially retired in December 2023, but remains active in an advisory role at Penwood. Before his retirement, as a co-founder of Penwood in 2003, Rick was responsible for all company activities with a primary focus on investment strategy, acquisitions, and client relations. During his active career with Penwood, Rick was responsible for acquiring over 90 investments and creating significant value for Penwood's investors. Previously, Rick worked as Managing Director of Acquisitions for CIGNA Realty Investors (CIGNA). He was responsible for originating, underwriting, structuring, and closing new equity investments. Previously, Mr. Chase was a real estate investment team leader with Phoenix Mutual Life Insurance Company and prior to that an investment analyst with Massachusetts Mutual Life Insurance Company. Rick received an M.S. in Finance from the University of Massachusetts and a B.S. in Mechanical Engineering from Duke University.
Job Titles:
- Investment Analyst
- Member of the Penwood Team
Thomas supports the asset management team's efforts in the analysis and valuation of assets under management. Thomas previously worked as a Valuation Analyst at National Valuation Consultants, Inc. In his role at National Valuation Consultants, Inc. Thomas worked on valuation assignments, primarily in the New York metropolitan area, across property types, with a focus on Industrial assets. Thomas graduated from the University of Connecticut with a B.S. in Real Estate and Urban Economics.
Job Titles:
- Assistant
- Member of the Penwood Team
- Portfolio Manager
Trevor is responsible for supporting the portfolio management team in portfolio analytics, implementing fund strategy, investor relations, and marketing. In this capacity, Trevor works directly with the senior team and reports to the Head of Portfolio Management. Prior to joining Penwood, Trevor served as an Associate Portfolio Manager for UBS Realty Investors, working with the portfolio management team for the Trumbull Property Fund, an $18 billion, open-end real estate fund. Previously, Trevor has held positions at Sun Life Financial, working in mortgage production and asset management; Bentall Kennedy, working in asset management; and The Kensington Investment Company, Inc., where he worked on development, acquisitions and financings. Trevor received a B.S. in Real Estate and Urban Economics from the University of Connecticut and is a CFA® Charterholder.
Job Titles:
- Member of the Leadership Team
- Managing Director and Head of Acquisitions
Zack is primarily responsible for sourcing, analyzing and performing due diligence for the company's prospective acquisitions in Penwood's target markets. Prior to joining Penwood, Zack worked for Hartford Investment Management Company's private real estate group where he was actively involved in the origination, underwriting and closing of commercial mortgage loans. He received his B.S. in Finance - Real Estate and Urban Economics with a minor in Environmental Studies from the University of Connecticut.