Real Estate Portfolio
Penman Management Group, LLC is an affiliate of the members of the Fairway 21 Financial Group.
Formed in 2004 as an operating real estate holding and management company, among other activities the Penman brand owns a number of single entity real estate assets.
Our Success Comes from Holding to the Core Tenets of Our Investment Strategy
- Wealth Preservation
- Inelastic/recession resistant markets including dialysis, urgent care, and MOB’s serving critical care or insulated markets
- Security backed by well managed and well positioned companies and/or assets
- Rent increases outpace inflation
- Secure income stream (annuity based)
- Bond-like investment with inherent real estate benefits and capital gain
Highlights of Penman’s Current Holdings
Bluff Springs Hokes Bluff, AL
Clarksdale Commons US Highway 61 at State Street Clarksdale, MS
23,713 Square Foot multi-tenant retail center anchored by Dollar Tree and It’s Fashion Metro. Walmart Shadow Center
Davita Dialysis -640 Executive Drive-Apopka, FL
8,586 Square Foot single tenant net leased credit rated Davita dialysis facility Russellville Marketplace
Russellville Marketplace 15485 US Highway 43 Russellville, AL
60,012 Square Foot multi-tenant retail center anchored by Burke’s and Hibbet Sports. Walmart Shadow Center
Town West Shopping Center 2513 West Kings Highway, Paragould, AK
147,173 Square Foot multi-tenant retail center anchored by Belk’s and Harbor Freight. Walmart Shadow Center
Willow Plaza
14,000 Square Foot neighborhood strip center anchored by MedShop Pharmacy.
Jimmie Lee's Southern BBQ
80 Seat BBQ restaurant opened in White Plains, New York serving authentic Carolina Barbecue.
Net Leased Medical Investments and Financing and Single Tenant Net Lease Funds (NNN)
MedPost Urgent Care Nacgadoches, TX adjacent to Stephen F. Austin University
Recently Sold by Penman Management Group
Albany Crossroads- 2855 Ledo Road Albany, Georgia
43,700 Square Foot multi-tenant center anchored by Hibbett’s Sports and Dollar Tree. Wal-Mart Shadow Center.
Hueytown Center Hueytown, Alabama
Neighborhood Strip Center purchased in 2006 and Sold in 2019. Hueytown center was a “necessity based” shopping center located in the shadow of Super Walmart.
Dollar General(s)Central/N. Florida
Defuniak Springs, FL
Gretna, FL
Huddle House (out parcels)
Hokes Bluff, AL
Russellville, AL
266 S. Lexington White Plains, NY
Joint Venture development project with Cantatore construction/Cantatore Industries. Originally 2 family home in mixed use zone, approval and construction to 14 residential rental project adjacent to White Plains Hospital
1485 International Parkway, Heathrow, Florida 32746
Construction (30,000) square foot, Class “A+”, office building the prestigious Heathrow office park. The subject property is bordered by and adjacent to the Marriott Hotel