{"id":31,"date":"2024-12-12T03:55:30","date_gmt":"2024-12-12T03:55:30","guid":{"rendered":"https:\/\/penngrowthpartners.com\/?page_id=31"},"modified":"2026-01-12T17:55:55","modified_gmt":"2026-01-12T17:55:55","slug":"penn-growth-partners","status":"publish","type":"page","link":"https:\/\/penngrowthpartners.com\/","title":{"rendered":"Welcome to Penn Growth Partners"},"content":{"rendered":"

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<\/span><\/span>Penn Growth Partners (“PGP”)<\/strong> was founded by industry professionals Howard Levkowitz and Ryan Friedman to provide flexible capital solutions to real estate operating partners, by leveraging 40+ years of cumulative real estate investment, management, and operating experience across multiple asset classes. PGP’s extensive track record is testament to its unwavering commitment to integrity, execution, and outstanding performance.<\/span><\/p>\n

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\nEQUITY
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\nPrimary and secondary markets preferred (currently invested in 9 states)
\nCo-GP, Lead Investor, Platform Capital and Credit Enhancement
\n$1 million – $10 million per transcation with capacity to scale
\nOpportunistic returns; evaluated on a venture-by-venture basis
\nStrong track record
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Light||||||||” body_text_color=”#FFFFFF” text_orientation=”center” module_alignment=”center” custom_margin=”-1vw||||false|false” custom_padding=”|10px|||false|false” custom_padding_tablet=”” custom_padding_phone=”|5vw||5vw|false|false” custom_padding_last_edited=”on|phone” link_option_url=”#” global_colors_info=”{%22gcid-b70c6ec4-3d09-43b5-80df-154e6e990bf3%22:%91%22image_icon_background_color%22,%22image_icon_background_color%22,%22image_icon_background_color%22,%22image_icon_background_color%22%93,%22gcid-2ebbc52c-9ee6-4712-a077-fcaec9b98540%22:%91%22body_link_text_color%22,%22body_quote_border_color%22,%22body_quote_text_color%22,%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22,%22body_link_text_color%22,%22body_quote_border_color%22,%22body_quote_text_color%22,%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22%93}” text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone”]<\/p>\n

Howard Levkowitz is Co-Founder and Managing Partner of Penn Growth Partners an affiliate of Penn Properties, which he founded in 1996 to acquire and improve multi-family workforce housing, and to invest in opportunistic acquisitions in other real estate sectors.\u00a0 He is also a founder of Signal Hill Holdings, LLC which provides growth capital to private operating companies and investment managers.<\/p>\n

Mr. Levkowitz co-founded alternative asset management firm Tennenbaum Capital Partners (TCP), where he was a Managing Partner and Chairman of the Management Committee. He was also Chairman and Chief Executive Officer of TCP Capital Corp. for a decade after taking TCPC public (NASDAQ: TCPC, subsequently BlackRock TCPC). TCP was acquired by BlackRock in 2018. At BlackRock, Mr. Levkowitz was Chairman of U.S. Private Capital. Prior to co-founding TCP, Mr. Levkowitz was an attorney with Dewey Ballantine LLP, specializing in real estate and insolvencies. He has served as a director of both public and private companies. Mr. Levkowitz is a Director on the Board of Cushman Wakefield Greystone, LLC, and an advisory Board Member for several private investment firms. He also serves as an investment committee chairman for a charitable retirement plan and an educational endowment. He has a deep commitment to philanthropic activities, particularly education.<\/p>\n

Mr. Levkowitz attended the University of Southern California, where he received his Juris Doctor, The Wharton School, where he received a Bachelor of Science, Economics and the University of Pennsylvania, where he received a Bachelor of Arts, History.<\/p>\n

howard@penngrowthpartners.com<\/a>
(310) 756-7667<\/p>\n

[\/et_pb_team_member][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Ryan Friedman (Pop up)” module_id=”ryan1″ module_class=”popup close-alt dark single no-shadow” _builder_version=”4.27.4″ _module_preset=”default” background_color=”rgba(1,14,29,0.94)” width=”100%” max_width=”100%” custom_margin=”||||false|false” custom_padding=”10vh||10vh||false|false” da_is_popup=”on” da_popup_slug=”ryan1″ da_is_singular=”on” da_dark_close=”on” da_alt_close=”on” da_has_shadow=”off” da_disable_devices=”off|off|off” locked=”off” global_colors_info=”{}” da_exit_intent=”off” da_has_close=”on” da_not_modal=”on” da_with_loader=”off”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”_initial” width=”100%” module_alignment=”center” custom_margin=”|815px||auto||” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”http:\/\/penngrowthpartners.com\/wp-content\/uploads\/2024\/12\/RYAN_scaled_image_grey.jpg” title_text=”RYAN_scaled_image_grey” align=”center” _builder_version=”4.27.4″ _module_preset=”default” width=”80%” module_alignment=”center” global_colors_info=”{}”][\/et_pb_image][et_pb_team_member name=”RYAN FRIEDMAN” position=”Co-Founder” linkedin_url=”https:\/\/www.linkedin.com\/in\/ryan-friedman-606aa710\/” _builder_version=”4.27.4″ _module_preset=”c5898507-9f8c-4abc-ae79-494c1dc7ba94″ header_font=”Open Sans|800|||||||” header_text_color=”#FFFFFF” header_font_size=”22px” body_font=”Avenir Light||||||||” body_text_color=”#FFFFFF” text_orientation=”center” module_alignment=”center” link_option_url=”#” global_colors_info=”{%22gcid-b70c6ec4-3d09-43b5-80df-154e6e990bf3%22:%91%22image_icon_background_color%22,%22image_icon_background_color%22,%22image_icon_background_color%22,%22image_icon_background_color%22%93,%22gcid-2ebbc52c-9ee6-4712-a077-fcaec9b98540%22:%91%22body_link_text_color%22,%22body_quote_border_color%22,%22body_quote_text_color%22,%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22,%22body_link_text_color%22,%22body_quote_border_color%22,%22body_quote_text_color%22,%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22%93}” text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone”][\/et_pb_team_member][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding_tablet=”” custom_padding_phone=”10vw|6vw||5vw|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}”][et_pb_team_member _builder_version=”4.27.4″ _module_preset=”c5898507-9f8c-4abc-ae79-494c1dc7ba94″ header_font=”Avenir LT Medium Font||||||||” header_text_color=”#FFFFFF” body_font=”Avenir Light||||||||” body_text_color=”#FFFFFF” text_orientation=”center” module_alignment=”center” custom_margin=”-1vh||||false|false” custom_padding_tablet=”” custom_padding_phone=”|8vw||3vw|false|false” custom_padding_last_edited=”on|phone” link_option_url=”#” global_colors_info=”{%22gcid-b70c6ec4-3d09-43b5-80df-154e6e990bf3%22:%91%22image_icon_background_color%22,%22image_icon_background_color%22,%22image_icon_background_color%22,%22image_icon_background_color%22%93,%22gcid-2ebbc52c-9ee6-4712-a077-fcaec9b98540%22:%91%22body_link_text_color%22,%22body_quote_border_color%22,%22body_quote_text_color%22,%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22,%22body_link_text_color%22,%22body_quote_border_color%22,%22body_quote_text_color%22,%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22%93}” text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone”]<\/p>\n

Ryan Friedman is Co-Founder of Penn Growth Partners. Mr. Friedman is primarily responsible for overseeing investment strategy, acquisitions, business operations, and asset management.<\/p>\n

He is also Founder of Ocean Avenue Capital, Inc., a best-in-class real estate
investment, capital raising, and advisory firm. With over a decade of experience in real estate private equity, including $4.4 billion of acquisitions and dispositions on behalf of institutional capital partners, Mr. Friedman has a strong reputation and is 100% committed to being a trustworthy and skilled advisor with an emphasis on generating attractive risk adjusted returns.<\/p>\n

Prior to founding Ocean Avenue Capital, Mr. Friedman worked on the acquisitions team at Artemis Real Estate Partners where he acquired and disposed of $1.7 billion of multifamily, office, self-storage, industrial, medical office, and senior housing facilities, and developments across the U.S.<\/p>\n

Prior to joining Artemis in 2014, Mr. Friedman worked at Colony Capital where he closed over $2.7 billion of distressed commercial real estate loan portfolio acquisitions and supported the launch of Colony American Homes single-family rental business.<\/p>\n

Mr. Friedman graduated from the University of Southern California Marshall School of Business in 2011 where he was Chairman of the Trojan Real Estate Association. Mr. Friedman currently resides in Venice, CA and lives an active lifestyle with an emphasis on health and wellness including hobbies such as stand up paddle surfing, tennis, basketball, biking, and woodworking. Mr. Friedman also volunteers as an active LAPD Hollenbeck PAL mentor.<\/p>\n

ryan@penngrowthpartners.com<\/a>
(310) 924-0167<\/p>\n

[\/et_pb_team_member][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Team” module_id=”sal1″ module_class=”popup close-alt dark single no-shadow” _builder_version=”4.27.4″ _module_preset=”default” background_color=”rgba(1,14,29,0.94)” width=”100%” max_width=”100%” custom_margin=”||||false|false” custom_padding=”10vh||10vh||false|false” da_is_popup=”on” da_popup_slug=”sal1″ da_is_singular=”on” da_dark_close=”on” da_alt_close=”on” da_has_shadow=”off” da_disable_devices=”off|off|off” locked=”off” global_colors_info=”{}” da_exit_intent=”off” da_has_close=”on” da_not_modal=”on” da_with_loader=”off”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”_initial” width=”100%” module_alignment=”center” custom_margin=”|661px||auto||” custom_padding=”|0px||||” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”http:\/\/penngrowthpartners.com\/wp-content\/uploads\/2025\/04\/SALVATORE_scaled_image_grey.png” title_text=”SALVATORE_scaled_image_grey” align=”center” _builder_version=”4.27.4″ _module_preset=”default” width=”80%” module_alignment=”center” global_colors_info=”{}”][\/et_pb_image][et_pb_team_member name=”SALVADOR CARBAJAL” position=”Head of Design and Construction” _builder_version=”4.27.4″ _module_preset=”c5898507-9f8c-4abc-ae79-494c1dc7ba94″ header_font=”Open Sans|800|||||||” header_text_color=”#FFFFFF” header_font_size=”22px” body_font=”Avenir Light||||||||” body_text_color=”#FFFFFF” text_orientation=”center” module_alignment=”center” link_option_url=”#” global_colors_info=”{%22gcid-b70c6ec4-3d09-43b5-80df-154e6e990bf3%22:%91%22image_icon_background_color%22,%22image_icon_background_color%22,%22image_icon_background_color%22,%22image_icon_background_color%22%93,%22gcid-2ebbc52c-9ee6-4712-a077-fcaec9b98540%22:%91%22body_link_text_color%22,%22body_quote_border_color%22,%22body_quote_text_color%22,%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22,%22body_link_text_color%22,%22body_quote_border_color%22,%22body_quote_text_color%22,%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22%93}” text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone”][\/et_pb_team_member][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding_tablet=”” custom_padding_phone=”10vw|6vw||5vw|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}”][et_pb_team_member _builder_version=”4.27.4″ _module_preset=”c5898507-9f8c-4abc-ae79-494c1dc7ba94″ header_font=”Avenir LT Medium Font||||||||” header_text_color=”#FFFFFF” body_font=”Avenir Light||||||||” body_text_color=”#FFFFFF” text_orientation=”center” width=”100%” module_alignment=”center” custom_margin=”-1vh||||false|false” custom_padding_tablet=”” custom_padding_phone=”|8vw||3vw|false|false” custom_padding_last_edited=”on|phone” link_option_url=”#” global_colors_info=”{%22gcid-b70c6ec4-3d09-43b5-80df-154e6e990bf3%22:%91%22image_icon_background_color%22,%22image_icon_background_color%22,%22image_icon_background_color%22,%22image_icon_background_color%22%93,%22gcid-2ebbc52c-9ee6-4712-a077-fcaec9b98540%22:%91%22body_link_text_color%22,%22body_quote_border_color%22,%22body_quote_text_color%22,%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22,%22body_link_text_color%22,%22body_quote_border_color%22,%22body_quote_text_color%22,%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22%93}” text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone”]<\/p>\n

Mr. Carbajal is primarily responsible for overseeing all aspects of design, construction, and budgeting on PGP investments.\u00a0<\/span>Salvador Carbajal is also the founder of S-AC Architecture, 369 Architects, and S-AC Builders. Since launching his firms in 2020, he has led over 200 architectural and 40 construction projects.<\/span><\/p>\n

His career began with one of the nation\u2019s top general contractors, <\/span>
where he built high-rises from the ground up \u2014 an experience that shaped his integrated approach to design and construction.<\/span><\/p>\n

<\/span><\/p>\n

Each of his firms plays a distinct role:<\/span><\/span><\/p>\n

\u00a0– S-AC Architecture focuses on custom single-family homes with a strong design-lifestyle connection.<\/span><\/p>\n

\u00a0– 369 Architects specializes in high-density multifamily developments with smart, community-driven designs.<\/span><\/p>\n

\u00a0– S-AC Builders executes all construction in-house, ensuring seamless delivery
and design integrity.<\/span><\/p>\n

Salvador\u2019s mission is to unify design and construction to create meaningful,
high-quality spaces from concept to completion.<\/span><\/p>\n

salvador@penngrowthpartners.com<\/a><\/span>
760-673-2550<\/span><\/p>\n

[\/et_pb_team_member][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”Listings” module_id=”transactions” _builder_version=”4.27.4″ _module_preset=”default” background_color=”#010e25″ custom_margin_tablet=”” custom_margin_phone=”||0px||false|false” custom_margin_last_edited=”on|phone” custom_padding_tablet=”” custom_padding_phone=”||0px||false|false” hover_enabled=”0″ da_popup_slug=”transactions” da_disable_devices=”off|off|off” global_colors_info=”{}” sticky_enabled=”0″ da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row custom_padding_last_edited=”on|phone” _builder_version=”4.27.4″ _module_preset=”aecfd4e5-166f-450b-af49-a779de98478b” custom_margin_tablet=”” custom_margin_phone=”||0px||false|false” custom_margin_last_edited=”on|phone” custom_padding_tablet=”” custom_padding_phone=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”RECENT TRANSACTIONS” _builder_version=”4.27.4″ _module_preset=”e2ad8acf-e071-4945-b524-be4ad93a1d2b” title_font=”Avenir Light|700||on|||||” title_text_align=”center” title_text_color=”#FFFFFF” custom_margin_tablet=”” custom_margin_phone=”||0px||false|false” custom_margin_last_edited=”on|phone” custom_padding=”||5vh||false|false” custom_padding_tablet=”||5vh||false|false” custom_padding_phone=”||0vh||false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}”][\/et_pb_heading][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”2″ _builder_version=”4.27.4″ _module_preset=”aecfd4e5-166f-450b-af49-a779de98478b” width=”84%” animation_style=”fade” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#242725″ custom_padding=”||4vh||false|false” global_colors_info=”{}”][et_pb_image src=”http:\/\/penngrowthpartners.com\/wp-content\/uploads\/2026\/01\/2026_product_shot1.png” title_text=”2026_product_shot1″ force_fullwidth=”on” _builder_version=”4.27.4″ _module_preset=”5b36b2a0-06e1-4005-aa01-ba94822d50c2″ custom_padding=”||2vh||false|false” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_image][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir Light||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.05rem” custom_margin=”3px||0px||false|false” custom_padding=”||||false|false” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Value-Add Retail – 2025<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir Light||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.05rem” custom_margin=”0px||0px||false|false” custom_padding=”||0px|||” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Portland MSA<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir LT Medium Font||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.15rem” text_line_height=”100%” header_font=”Avenir LT Medium Font||||||||” header_text_color=”#FFFFFF” custom_margin=”0px||0px||false|false” custom_padding=”0px||0px||false|false” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

<\/span><\/span>Co-GP Investor<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ admin_label=”Column” disabled_on=”off|off|off” _builder_version=”4.27.4″ _module_preset=”default” background_color=”#242725″ custom_padding=”||4vh||false|false” custom_padding_tablet=”||4vh||false|false” custom_padding_phone=”||0vh||false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}”][et_pb_image src=”http:\/\/penngrowthpartners.com\/wp-content\/uploads\/2025\/10\/product_shot6-2-1.jpg” title_text=”product_shot6-2″ force_fullwidth=”on” _builder_version=”4.27.4″ _module_preset=”5b36b2a0-06e1-4005-aa01-ba94822d50c2″ custom_padding=”||2vh||false|false” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir Light||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.05rem” custom_margin=”3px||0px|||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span>Manufactured Housing – 2025<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir Light||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.05rem” background_color=”RGBA(255,255,255,0)” custom_margin=”3px||0px|||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span>Richmond MSA<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir LT Medium Font||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.15rem” text_line_height=”100%” header_font=”Avenir LT Medium Font||||||||” header_text_color=”#FFFFFF” custom_margin=”0px||0px||false|false” custom_padding=”0px||0px||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span><\/span>Programmatic Joint Venture<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”2″ custom_padding_last_edited=”on|phone” _builder_version=”4.27.4″ _module_preset=”aecfd4e5-166f-450b-af49-a779de98478b” width=”84%” custom_padding_tablet=”” custom_padding_phone=”0px||0px||false|false” animation_style=”fade” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#242725″ custom_padding=”||4vh||false|false” global_colors_info=”{}”][et_pb_image src=”http:\/\/penngrowthpartners.com\/wp-content\/uploads\/2024\/12\/product_shot2.jpg” title_text=”product_shot2″ force_fullwidth=”on” _builder_version=”4.27.4″ _module_preset=”5b36b2a0-06e1-4005-aa01-ba94822d50c2″ custom_padding=”||2vh||false|false” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir Light||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.05rem” custom_margin=”3px||0px|||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span>SFR Improvement Program – 2025<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir Light||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.05rem” custom_margin=”3px||0px|||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span>Riverside County MSA<\/span><\/p>\n

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<\/span><\/span><\/span>Programmatic Joint Venture<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#242725″ custom_padding=”||4vh||false|false” global_colors_info=”{}”][et_pb_image src=”http:\/\/penngrowthpartners.com\/wp-content\/uploads\/2024\/12\/product_shot4.jpg” title_text=”product_shot4″ force_fullwidth=”on” _builder_version=”4.27.4″ _module_preset=”5b36b2a0-06e1-4005-aa01-ba94822d50c2″ custom_padding=”||2vh||false|false” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir Light||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.05rem” custom_margin=”3px||0px|||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span><\/span>Value-Add Industrial – 2024<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir Light||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.05rem” custom_margin=”3px||0px|||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span><\/span>Salt Lake MSA<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir LT Medium Font||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.15rem” text_line_height=”100%” header_font=”Avenir LT Medium Font||||||||” header_text_color=”#FFFFFF” custom_margin=”0px||0px||false|false” custom_padding=”0px||0px||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span><\/span>Lead Investor<\/span><\/p>\n

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<\/span><\/span>Value-Add Industrial – 2024<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir Light||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.05rem” custom_margin=”3px||0px|||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span>Denver MSA<\/span><\/p>\n

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<\/span><\/span><\/span>Sole LP + Co-GP Investor<\/span><\/p>\n

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Value-Add Apartments – 2024<\/span><\/p>\n

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Jacksonville MSA<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir LT Medium Font||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.15rem” text_line_height=”100%” header_font=”Avenir LT Medium Font||||||||” header_text_color=”#FFFFFF” custom_margin=”0px||0px||false|false” custom_padding=”0px||0px||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span>Co-Lead Investor<\/span><\/p>\n

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<\/span><\/span>Value-Add Apartments – 2023<\/span><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”e1fa2f30-cf04-495d-9fbf-e2e6f9847a8f” text_font=”Avenir Light||||||||” text_text_color=”#FFFFFF” text_letter_spacing=”0.05rem” custom_margin=”3px||0px|||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

<\/span><\/span>Tampa MSA<\/span><\/p>\n

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<\/span><\/span><\/span>Lead Investor<\/span><\/p>\n

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Penn Growth Partners (“PGP”) was founded by industry professionals Howard Levkowitz and Ryan Friedman to provide flexible capital solutions to real estate operating partners, by leveraging 40+ years of cumulative real estate investment, management, and operating experience across multiple asset classes. PGP’s extensive track record is testament to its unwavering commitment to integrity, execution, and […]<\/p>\n","protected":false},"author":1,"featured_media":247,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-31","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\nWelcome to Penn Growth Partners - Penn Growth Partners<\/title>\n<meta name=\"description\" content=\"Providing Growth Capital to Real Estate Operating Partners. 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