About
PC Multifamily Fund II
PC Fund II is a $50 million closed-end fund offering to purchase multifamily in high-growth yet underserved markets that fly below the radar (like Huntsville, AL, Pensacola, FL, Wilmington, NC).
PC Fund II is a $50 million closed-end fund offering to purchase multifamily in high-growth yet underserved markets that fly below the radar (like Huntsville, AL, Mobile, AL, Pensacola, FL, Wilmington, NC).
We plan to purchase 3 to 4 properties in the fund and hold each property for 3 to 5 years.
The projects will range from Class A institutional-type projects (with institutional JV equity) to value-add and new development.
We anticipate a net return to LPs in the 16-22% IRR range and 2.1x over 5 years.
Currently, the fund has invested in a 98-unit built-for-rent community with 10 acres or land zoned for an additional 120 units in the Huntsville, AL MSA.
Use of Proceeds
Currently, the fund has invested in a 98-unit built-for-rent community with 10 acres or land zoned for an additional 120 units in the Huntsville, AL MSA.
Please see PPM for full details.
Ownership Structure & Rights of Securities
The fund is structured as a LLC and investors will be members of the LLC.
Risks & Disclosures
Please see PPM
Previous
Currently, the fund has invested in a 98-unit built-for-rent community with 10 acres or land zoned for an additional 120 units in the Huntsville, AL MSA.
View our
Offering Documents & Pitch Deck
Meet the PC Multifamily Fund II team
Managing Member
Ed Rogan
Ed is responsible for sourcing new acquisitions and generating deal flow, underwriting deal feasibility, analyzing market trends, and engaging resources in the capital markets. He also oversees business development, advancing Penn Capital’s growth agenda and portfolio value, and keeping the company anchored to its “big picture” vision. Before founding Penn Capital, Ed was a successful sales and marketing director for a publicly traded company in the oil and gas industry.
Managing Member
Percy Nikora
Percy is responsible for investor relations and capital raising. Before starting Penn Capital, he was an avid investor in private equity deals, as well as commercial and residential real estate, giving him valuable insights into the needs of our investors. He was a partner at Robin Hood Ventures, Philadelphia’s premier angel investor group. He has a keen understanding of what it takes to perform due diligence while effectively raising capital for new projects
Chief Financial Officer
James Weigand
James serves as CFO for Penn Capital and its related entities. He was previously a senior finance, tax and compliance professional at Fortune 500 companies such as Ernst & Young an GE Power & Water, where he managed budgets in excess of $200 million. James has his Master’s in Business Administration from the West Chester University of Pennsylvania and his Bachelors of Sciences from Temple University, where he double majored in Finance and Real Estate.
Head of Property Management
Della Robertson
Della heads the in-house Property Management function for Penn Capital’s portfolio. She was formerly Operations Manager at Park Place Enterprises for 35 years, directing the 5000+ unit apartment portfolio in PA, NJ, DE, OH and FL. Della’s unique understanding of the needs of owners, employees, and residents has been invaluable in the successful management of Penn Capital’s projects. She creates alignment of interests across all levels of the organization
Managing Member
Ed Rogan
Ed is responsible for sourcing new acquisitions and generating deal flow, underwriting deal feasibility, analyzing market trends, and engaging resources in the capital markets. He also oversees business development, advancing Penn Capital’s growth agenda and portfolio value, and keeping the company anchored to its “big picture” vision. Before founding Penn Capital, Ed was a successful sales and marketing director for a publicly traded company in the oil and gas industry.
Managing Member
Percy Nikora
Percy is responsible for investor relations and capital raising. Before starting Penn Capital, he was an avid investor in private equity deals, as well as commercial and residential real estate, giving him valuable insights into the needs of our investors. He was a partner at Robin Hood Ventures, Philadelphia’s premier angel investor group. He has a keen understanding of what it takes to perform due diligence while effectively raising capital for new projects
Chief Financial Officer
James Weigand
James serves as CFO for Penn Capital and its related entities. He was previously a senior finance, tax and compliance professional at Fortune 500 companies such as Ernst & Young an GE Power & Water, where he managed budgets in excess of $200 million. James has his Master’s in Business Administration from the West Chester University of Pennsylvania and his Bachelors of Sciences from Temple University, where he double majored in Finance and Real Estate.
Head of Property Management
Della Robertson
Della heads the in-house Property Management function for Penn Capital’s portfolio. She was formerly Operations Manager at Park Place Enterprises for 35 years, directing the 5000+ unit apartment portfolio in PA, NJ, DE, OH and FL. Della’s unique understanding of the needs of owners, employees, and residents has been invaluable in the successful management of Penn Capital’s projects. She creates alignment of interests across all levels of the organization
KPIs
To sign up for this offering, please visit https://investors.penncapitalgroup.com
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