Connor McAdams

Director of Development

At PENLER, Connor focuses primarily on assisting with the management and execution of the development business and underwriting new opportunities.

Connor was formerly an analyst with Packard Capital (“Packard”), a family-office investment firm focused on real estate and private equity investments. At Packard, Connor was responsible for underwriting and evaluating potential development and acquisition opportunities with various sponsors across several asset types including multifamily, mixed-use, retail, self-storage, and hospitality. Additionally, Connor managed a sizeable real estate portfolio where he focused on monitoring and driving financial performance as well as stewarding large capital expenditure budgets to achieve maximum returns. Prior to Packard, Connor started his career at CBRE in the Valuation and Advisory Services department where he supported the appraisals of over $500 million of office, retail, flex, mixed-use, and industrial assets.

Connor graduated magna cum laude from the University of Georgia with a double major in Real Estate and Finance along with a Certificate of Personal and Organizational Leadership. He currently lives in Atlanta.

Brian Metzler

Managing Partner

At PENLER, Brian focuses on corporate strategy, capital formation and financial oversight. Brian oversees and leads the company’s development business.

With 20 years of capital markets experience, Brian has been a principal in the development of 57 apartment projects totaling 16,160 multifamily units at a total cost of $3.1 billion. 

Prior to co-founding PENLER, Brian spent 10 years as the head of development at RangeWater Real Estate where he developed and successfully sold $1.5 billion of multifamily product. He previously developed multifamily projects as a principal at Lane Company, where he helped start their Florida office.

Brian received his MBA with a concentration in Real Estate from the University of North Carolina at Chapel Hill, and his undergraduate degree, with honors, from Georgia Tech. He is a member of NMHC and ULI’s Center for Leadership.  Brian resides in Atlanta with his wife, Heather, and two sons.

Graham Carpenter

Managing Partner

At Penler, Graham focuses on fundraising, corporate strategy and the day-to-day management of the company. Graham also oversees the company’s acquisitions business. 

With over 20 years of real estate investment experience, Graham has managed over 20,000 units of multifamily acquisition and development projects valued at over $4.5B capitalized by a diverse array of LPs ranging from private capital to some of the largest private equity and public pension funds in the US. 

Graham was formerly Senior Vice President at Simpson Housing, a vertically integrated owner/operator wholly owned by the State of Michigan Retirement Systems (SMRS). Simpson controls a multifamily portfolio of over 22,000 units worth approximately $5B. During his time at Simpson, Graham managed the national investment platform and closed over $2.4B in transactions ranging from core acquisitions, dispositions, and recapitalizations to JV equity investments for development including the structured buyout of Simpson’s development partners. Prior to joining Simpson, he was Managing Director at RangeWater Real Estate where he managed the development and acquisition of over 7,800 units valued at approximately $1B. 

Graham holds a Master of Real Estate Development degree from University of Southern California and graduated with honors from the University of Georgia. He is a member of the ULI Multifamily Gold Council and the National Multi Housing Council (NMHC).  Graham lives in Atlanta with his wife, Julia, and their two sons.