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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.”

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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