Penn-Florida Companies
Penn-Florida Companies is a privately held, full-service Florida real estate firm founded in 1987 that develops, owns, and operates Class A commercial properties, luxury residential and mixed-use projects, and private clubs for UHNW buyers, commercial tenants, and hospitality members.
- Company typePrivate
- Founded1987
- HeadquartersBoca Raton, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Penn-Florida Companies does
Penn-Florida Companies is a privately held, full-service commercial real estate firm founded in 1987 and headquartered in Boca Raton, Florida, with a regional office in Orlando. The company operates as owner, developer, investor, and operator across three integrated verticals: Class A commercial properties (including Atrium Financial Center, Citadel I & II, Crystal Corporate Center, and Penn-Florida Commerce Center); luxury residential and mixed-use developments (notably The Residences at Mandarin Oriental Boca Raton, Via Mizner, and 101 Via Mizner); and hospitality and private club assets (Via Mizner Golf & City Club featuring a Jack Nicklaus Signature Course and Santa Lucia River Club). Its underlying "platform" is a vertically integrated real estate development and property management capability — site selection, land planning, governmental approvals, project management, construction oversight, leasing, brokerage, and asset repositioning — rather than a software technology stack.
The business model combines one-time development and property sale revenue, transaction-based leasing and brokerage fees, ongoing managed services from property and asset management, and professional services for investment oversight, equity/debt structuring, and joint venture/syndication arrangements. Pricing is not publicly disclosed; transactions are quote-based, consistent with luxury real estate norms. GTM is primarily enterprise field sales with an in-house brokerage team handling landlord representation, agency leasing, tenant representation, and investment sales, supplemented by a 12-language marketing website, video property tours, and a dedicated press center to reach both UHNW buyers and commercial tenants. The customer base spans affluent individuals seeking ultra-luxury Florida residences, business tenants seeking Class A commercial space in South Florida, and members of exclusive private clubs and hospitality venues.
Recent activity underscores an active expansion posture: in 2025 the company partnered with Grant Cardone to acquire the distressed 101 Via Mizner apartment building in Boca Raton for $235 million, with plans to convert the asset into condominiums projected at $400 million in sales. Founder and President Mark A. Gensheimer leads a senior team whose members have collectively owned and operated over $7 billion of real estate assets during their careers, providing a deep talent base across development, leasing, asset management, retail, club operations, construction, and design functions. The company is privately held with no disclosed institutional or venture backing and operates exclusively within the Florida market.
Penn-Florida Companies firmographics
Firmographics- Name
- Penn-Florida Companies
- Legal name
- Penn-Florida Companies
- Website
- https://pennflorida.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Penn-Florida Companies is a privately held, full-service Florida real estate firm founded in 1987 that develops, owns, and operates Class A commercial properties, luxury residential and mixed-use projects, and private clubs for UHNW buyers, commercial tenants, and hospitality members.
- Ownership category
- akta.pro rank
Penn-Florida Companies industry classification
Industry- Product category
- Luxury Real Estate Development
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)
Keywords
Where Penn-Florida Companies is headquartered
LocationHeadquarters
- HQ city
- Boca Raton
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Penn-Florida Companies business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Development Services: Full-service real estate development including land planning, governmental approvals, project management, land development, and project redevelopment
- Leasing & Brokerage: Landlord representation, agency leasing, tenant representation, and investment sales for commercial properties
- Investment Services: Investment oversight, strategic planning, equity and debt solutions, tax planning, acquisition and disposition, joint venture and syndication arrangements
- Asset Management: Land portfolio management, property management, financial control, and asset repositioning services
- Property Sales: Sale of residential units (e.g., Mandarin Oriental Residences, 101 Via Mizner) and commercial properties
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Penn-Florida Companies product offering
Product offeringCore offering
Penn-Florida Companies is a Florida-based owner, developer, and full-service real estate firm that builds, leases, and sells Class A commercial properties, luxury residential developments, mixed-use projects, and hospitality/private club properties. Its portfolio spans Boca Raton and Orlando, with flagship holdings including Mandarin Oriental Boca Raton, Via Mizner, The Residences at Mandarin Oriental Boca Raton, and the Via Mizner Golf & City Club. The firm also provides brokerage, investment, and asset management services across South and Central Florida.
Product overview
Penn-Florida Companies is a Florida-based owner, developer, and full-service real estate company offering commercial properties (office, retail, medical, warehouse space), residential developments, and hospitality/private club properties. The portfolio includes Class A commercial buildings in Boca Raton and Orlando, luxury residential projects including The Residences at Mandarin Oriental and 101 Via Mizner, and private clubs such as Via Mizner Golf & City Club and Santa Lucia River Club. Services encompass development, design, construction, brokerage, property management, and investment services. The company operates across South Florida (Boca Raton) and Central Florida (Orlando).
Differentiator
Problem solved
Functional benefit
Products and services
- Penn-Florida Commerce Center Class A commercial property located at 1141 South Rogers Circle in Boca Raton, FL, offering office, retail, and flex space for lease to commercial tenants.
- Mandarin Oriental Boca Raton Luxury hotel property at 103 East Camino Real in Boca Raton, operated by the Mandarin Oriental hotel group and serving premium leisure and business travelers.
- Via Mizner Mixed-use development at 101-105 East Camino Real in Boca Raton featuring retail, dining, and residential components serving Boca Raton visitors and residents.
- The Residences at Mandarin Oriental Boca Raton Luxury residential condominiums at 105 East Camino Real in Boca Raton adjacent to the Mandarin Oriental hotel, sold to ultra-high-net-worth buyers.
- Via Mizner Golf & City Club Private golf and city club at 6200 Boca Del Mar Drive in Boca Raton featuring a Jack Nicklaus Signature Course, offering memberships to affluent individuals.
- Santa Lucia River Club Private club at 3325 SE Ballantrae Boulevard in Port St. Lucie, FL, offering club amenities and memberships.
- Atrium Financial Center Class A office building at 1515 North Federal Highway in Boca Raton, also offering executive suites for tenants seeking professional office space.
- Citadel I & II Commercial office complex at 5850-5955 T.G. Lee Boulevard in Orlando, FL, providing Class A office space for commercial tenants.
- Crystal Corporate Center Class A office building at 2500 North Military Trail in Boca Raton, providing commercial office space for tenants.
- 101 Via Mizner Luxury apartment building in Boca Raton acquired in 2025 for $235 million, with plans to convert into condominiums with projected $400 million in sales.
- 375 Royal Palm Residential property located in Boca Raton, FL.
- University Village Mixed-use development located in Boca Raton, FL, combining commercial and residential uses.
Quantifiable outcome
- Over $7 billion in real estate assets owned and operated by team members during their careers
Companies that use Penn-Florida Companies
Customer profileSegments3 records
Ideal customer profiles3 records
Penn-Florida Companies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Penn-Florida Companies partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Grant CardonemajorPartnership between Grant Cardone and Penn-Florida Companies acquired the distressed 101 Via Mizner apartment building in Boca Raton for $235 million. The deal involved converting the property into condos with projected $400 million in sales. This represents one of South Florida's major multifamily investment transactions of 2025.
Scale indicators5 records
Recent moves4 records
Expansion highlights5 records
Penn-Florida Companies competitors and assessment
Company assessmentDirect peers
- Related Group: Related Group is a major Florida-based luxury condominium and mixed-use developer headquartered in Miami. It is the most directly comparable peer to Penn-Florida — both target ultra-luxury residential buyers in South Florida, partner with global hospitality brands (e.g., Ritz-Carlton, SLS) for branded residences, and operate an integrated development-plus-brokerage model.
- Stiles Corporation: Stiles is a full-service Florida commercial real estate firm headquartered in Fort Lauderdale, covering development, brokerage, property management, and investment sales across Boca Raton/Fort Lauderdale. It competes directly with Penn-Florida in Class A office leasing, tenant representation, and integrated CRE services in the same South Florida sub-market.
- Kolter Group: Kolter is a Florida-based private real estate developer active in luxury condominiums, single-family communities, and commercial projects across the state. Overlaps with Penn-Florida in luxury residential development, mixed-use projects, and a Florida-only operating footprint with similar deal sizes.
- Florida East Coast Realty: Florida East Coast Realty is a privately held Florida real estate owner/developer with luxury residential, commercial, and hospitality assets concentrated along Florida's east coast. Comparable to Penn-Florida as a long-standing Florida owner-operator developing and managing mixed-use, residential, and commercial properties.
- Terra (Terra Group): Terra is a Miami-based developer of luxury residential towers, mixed-use projects, and commercial properties across South Florida. It compares closely to Penn-Florida's Boca Raton focus: similar ultra-luxury condo product, similar partnership with global hospitality brands (e.g., Four Seasons, Aston Martin), and a vertically integrated development/management approach.
Broad incumbents
- The Related Companies: The Related Companies is a national, diversified real estate developer and asset manager — far larger than Penn-Florida — with luxury branded residences, mixed-use, and commercial projects. Relevant as a broader incumbent that competes for the same ultra-luxury branded-residence mandates and serves as a model for vertically integrated development-plus-management at scale.
- Toll Brothers: Toll Brothers is a large national luxury homebuilder active in Florida. While primarily a for-sale single-family builder, it overlaps with Penn-Florida's luxury residential segment and competes for high-net-worth relocation demand into Florida master-planned communities.
Regional players
- Atria Senior Living: Atria operates luxury senior living communities across the U.S., including Florida. While not a direct real estate peer, it is relevant as an adjacent owner-operator of amenitized, branded Florida residential real estate and serves overlapping high-net-worth Florida demographics.
Others
- Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm active in Boca Raton and Orlando, providing leasing, investment sales, and asset management. Relevant as an institutional competitor to Penn-Florida's in-house brokerage and asset management groups for the same Class A office and investment-sales mandates in Florida.
Emerging players
- Douglas Elliman Real Estate: Douglas Elliman is a residential-focused real estate brokerage with a strong Florida luxury presence. It overlaps with Penn-Florida's leasing and brokerage arm and competes for high-end buyer representation in South Florida; it complements (and sometimes competes with) developer-operated sales teams.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Penn-Florida Companies social profiles
Digital presencePenn-Florida Companies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Penn-Florida Companies leadership team
Management profileNumber of profiles
Profiles18 records
Penn-Florida Companies funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Penn-Florida Companies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Penn-Florida Companies
What does Penn-Florida Companies do?
Penn-Florida Companies is a Florida-based owner, developer, and full-service real estate firm that builds, leases, and sells Class A commercial properties, luxury residential developments, mixed-use projects, and hospitality/private club properties. Its portfolio spans Boca Raton and Orlando, with flagship holdings including Mandarin Oriental Boca Raton, Via Mizner, The Residences at Mandarin Oriental Boca Raton, and the Via Mizner Golf & City Club. The firm also provides brokerage, investment, and asset management services across South and Central Florida.
Is Penn-Florida Companies a public or private company?
Penn-Florida Companies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Penn-Florida Companies founded?
Penn-Florida Companies was founded in 1987. It employs 101 to 250 people.
Where is Penn-Florida Companies based?
Penn-Florida Companies is headquartered in Boca Raton, United States, in the North America region.
How does Penn-Florida Companies make money?
Five revenue lines are on record. Development Services are the primary driver. The others are leasing & Brokerage, investment Services, asset Management and property Sales.
Who are Penn-Florida Companies's main competitors?
Direct peers on record are Related Group, Stiles Corporation, Kolter Group, Florida East Coast Realty and Terra (Terra Group). Broad incumbents are The Related Companies and Toll Brothers. Atria Senior Living is listed as a regional player. Cushman & Wakefield is listed as an others. Douglas Elliman Real Estate is listed as an emerging player.
Does Penn-Florida Companies have an API?
No public API is recorded for Penn-Florida Companies.
What industry is Penn-Florida Companies in?
Penn-Florida Companies's product category is Luxury Real Estate Development. Its primary akta.pro industry code is FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales). Its NAICS code is 523940 and its SIC code is 6531.