Pennmark Management Company, Inc.

Founded in 1972, Pennmark Management Company is a privately held real estate development and management firm headquartered in Plymouth Meeting, Pennsylvania. The company has evolved from a regional operator into a multi-state platform with vertically integrated capabilities across acquisition, development, leasing, and property management. Pennmark’s portfolio spans approximately 3 million square feet and includes retail, office, residential, and flex properties concentrated in the Mid-Atlantic and Midwest regions of the United States. Pennmark’s investment strategy is opportunistic, targeting value-add and redevelopment opportunities in secondary and tertiary markets. The firm has demonstrated a preference for repositioning underperforming assets, such as its acquisition and revitalization of Coventry Mall in Pottstown, PA, and the former Polyclinic Hospital campus in Harrisburg, PA. The company’s asset class focus includes retail centers, office buildings, medical conversions, and mixed-use developments. Pennmark operates primarily in Pennsylvania, New Jersey, and Ohio, with additional holdings in Delaware, Florida, Georgia, Illinois, and Maryland. Its top market exposures include Clearfield County, PA; Washington Court House, OH; and Lancaster, PA, with notable concentration risk in Pennsylvania, which hosts a significant portion of its portfolio