Pennybacker Capital Management LLC, a real estate private equity firm, has promoted three executives.
Thomas Beier, previously principal and portfolio manager, value funds, has been made principal and chief operating officer. Beier also leads the firm’s technology and strategic initiatives. Edvin Beasley, previously managing director, investments, has been named managing director, portfolio manager, value funds. Part of the firm’s seven-member leadership team, Beasley serves on the diversity, equity, and inclusion committee. Lindsey Jacot has been promoted to managing director, finance and corporate development, and chief compliance officer from vice president. She also serves on the DEI committee.
“Lindsey, Edvin, and Thomas have all made significant contributions to our success,” said Tim Berry, CEO of Pennybacker. “These leaders have been instrumental in our growth and have risen to the challenges of the past year.”
Beier has been at Pennybacker since the firm’s founding in 2006.
Before joining Pennybacker in 2020, Beasley spent nine years at Stream Realty Partners, where he was responsible for the strategic direction and operation of the office leasing division.
Before starting at Pennybacker in 2019, Jacot was chief compliance officer for Titan Fund Management LLC, a registered investment advisor specializing in real estate investments.