January 2011 - Robert J. Penn, formerly of U.S. Army Corps of Engineers, Baltimore District, Joins Bostonia Partners
Bostonia Partners LLC announces the appointment of Robert (Bob) J. Penn, formerly employed by the U.S Army Corps of Engineers, Baltimore District to the Firm as a Managing Director. Mr. Penn will work across all business lines and will be responsible for building business and managing relationships in the federal market, including real estate and enhanced use lease opportunities.
Mr. Penn spent the past 18 ½ years with the U.S. Army Corps of Engineers, Baltimore District where he simultaneously served as the Deputy Chief of the Real Estate Division, Chief of the Special Projects Branch and the Army’s Enhanced Use Lease Program Director. He developed the Army’s Enhanced Use Lease Program that has produced development projects that include office, industrial, power (including renewable energy), retail and an automotive test facility.
Mr. Penn has received numerous awards during his tenure with the Army. He was recognized as the 2008 Association of Defense Communities (ADC) Military Leader of the Year. He was a 2004 Silver Medal Winner as the Federal Executive Board’s Outstanding Supervisor and was the 2004 Real Estate Professional of the Year. The Enhanced Use Lease Program has won awards from the National Council for Public Private Partnerships (NCPPP) for the Ft. Detrick, MD central utility plant and the General Motors Desert Proving Ground development on Yuma Proving Grounds, Arizona. He also received an award from the General Services Administration for innovation in Government.
Prior to joining the Corps in 1992, Bob had a 17 year career in banking as a commercial lending officer and mortgage lender. He was also a principal for 10 years in a real estate consulting company that provided market studies, valuation analysis, portfolio analysis, sales, acquisition and development strategies and mortgage banking. His clients included life insurance companies, pension funds, investment banks and developers.
Mr. Penn is a Vice Chair of the Public Development of Infrastructure Council of the Urban Land Institute. He has also been a frequent speaker at ADC conferences, Bond Buyers conferences, NCPPP conferences and the American Society of Military Engineers.
Mr. Penn has a degree in economics and finance from the University of Georgia, a Masters in economics from American University and is a graduate of the Harvard Kennedy School’s Executive Fellows Program.
Bostonia Partners is a company of Bostonia Group and is headquartered in Boston, Massachusetts. Bostonia consists of the following companies: Bostonia Partners LLC, the investment bank and financial services firm; and Bostonia Global Securities LLC, the broker-dealer. Bostonia offers equity and fixed income products and services to institutional investors and provides investment banking services to its corporate and federal clients. For further information about Bostonia Partners and Bostonia Group, please visit www.bostonia.com.
