Ray Cleeman

WASHINGTON, DC–Miami-based Pensam Funding’s original focus was to invest equity into multifamily real estate assets. That focus was forced to broaden, though, as cap rates compressed over the years. The company has launched a number of strategies all with the goal of achieving certain return targets and hurdles for its investors, Ray Cleeman, head of capital markets tells GlobeSt.com. “There are ways for us to play in different parts of the capital stack that help us achieve the returns that our investors are seeking.”