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Penzance Announces Deal With Cortland To Acquire Aubrey At The Highlands

PRIVATEMay 18, 2022

Acquiring Company

Penzance

Acquired Company

Aubrey

WashingtonFinancial ServicesReal Estate

Description

Penzance, a leading owner, operator, and developer in the Washington, DC metropolitan region for over two decades, announced today the sale of Aubrey, one of its three luxury multi-family properties at The Highlands development in Rosslyn, to Cortland. The property, developed in partnership with The Baupost Group LLC, a Boston-based investment manager, is a trophy asset in Northern Virginia.

Quick answer

Penzance is acquiring Aubrey, announced May 18, 2022. Penzance is based in Washington, District Of Columbia, United States.

How much did Penzance pay for Aubrey?
The deal value was not disclosed.
What does Penzance do?
Penzance is a vertically integrated, full-service real estate firm with a focus on investment-grade asset opportunities in the greater Washington, DC metropolitan area.
Where are Penzance and Aubrey based?
Penzance is based in Washington, District Of Columbia, United States.
Who are the decision-makers at Penzance?
Fundz holds 2 contacts at Penzance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Financial Services and Real Estate

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Company Information

Company

Penzance

Location

Washington, District Of Columbia, United States

About

Penzance is a vertically integrated, full-service real estate firm with a focus on investment-grade asset opportunities in the greater Washington, DC metropolitan area. Since its founding in 1996, Penzance has invested over $3 billion in real estate through partnerships with blue-chip institutional investors, separate accounts, joint ventures and its discretionary funds. Penzance, as one of the region's premier owners, operators, and developers of transformative properties, provides exceptional in-house acquisitions, leasing, development, construction, asset, and property management services.

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Frequently asked

Who acquired Aubrey?

Aubrey was acquired by Penzance, based in Washington. The deal was reported on May 18, 2022. Penzance is a vertically integrated, full-service real estate firm with a focus on investment-grade asset opportunities in the greater Washington, DC metropolitan area. Penzance is privately held and operates in Financial Services.

When did Penzance acquire Aubrey?

Penzance's acquisition of Aubrey was reported on May 18, 2022. Penzance, a leading owner, operator, and developer in the Washington, DC metropolitan region for over two decades, announced today the sale of Aubrey, one of its three luxury multi-family properties at The Highlands development in Rosslyn, to Cortland. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Aubrey do?

Aubrey Johnson is a software, brand and website designer who has worked with members of the Fortune 100, boot-strapped startups, top-tier VCs and everything in between. He brings a background with over 15 years experience, 6 acquisitions and an IPO. It is privately held.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.