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919-645-4305Share profile
Band 4
Provided by L. Penn Clarke
Real Estate Acquisitions, Development and Investments
Single-Family Rental and Build-For-Rent
Real Estate Leasing
Real Estate Finance and Capital Markets
Joint Venture Investments
For more than a decade and on a nationwide basis, Penn has advised clients in all aspects of complex real estate transactions. With a particular focus on multi-family (both traditional and student-housing) transactions, he has successfully represented clients in the development, purchase and sale of dozens of multi-family properties totaling more than $3 billion in value.
Penn also has substantial experience advising build-to-rent (BTR) and single-family-rental (SFR) housing sponsors and investors in the acquisition and development of residential subdivisions. Additionally, he routinely assists clients in the acquisition, financing, development, and sale of mixed-use, industrial, retail, and office projects and regularly prepares and negotiates joint venture agreements, development agreements, and management agreements. Furthermore, a substantial portion of Penn’s practice focuses on representing landlords and tenants in preparing and negotiating leases for industrial, retail, office, and medical office properties.
Business North Carolina, Legal Elite, Real Estate and/or Young Guns, 2019-2026
Chambers USA Guide to America: Real Estate, North Carolina, 2026
Chambers USA: Real Estate, Regional Spotlight North Carolina, 2024-2026
Legal 500, North Carolina Real Estate, 2026
North Carolina Super Lawyers, Rising Stars, Real Estate, 2021-2026
Triangle Business Journal, 40 Under 40 Leadership Award, 2024
Board Member (2023-present), Aldert Root Elementary Educational Foundation
Board Member (2025-present), Virginia Episcopal School, Board of Visitors
Board Member (2022-present), Washington & Lee University School of Law, Law Council
Board Member (2023-present), YMCA of the Triangle, Camp Sea Gull and Camp Seafarer Advisory Board
Board Member (2013-2016), University of North Carolina Young Alumni Leadership Council
Deacon (2025-present), White Memorial Presbyterian Church Diaconate
Acquisitions and Dispositions: Represents institutional and entrepreneurial investors in multi-site and multi-jurisdictional portfolio acquisitions (and dispositions) and the related debt and equity structuring of retail centers, student housing complexes, multifamily projects, industrial facilities, and office projects
Development: Represents developers and investors in all stages of the development of retail centers, student housing complexes, multifamily projects, industrial facilities, office projects, and build-to-rent projects
Leasing: Negotiates retail, warehouse/industrial, office, and medical office leases on behalf of landlords and tenants
Joint Venture Investments: Represents investors and sponsors of multi-party joint ventures for all stages of the life cycle of a real estate investment
Washington & Lee University School of Law
J.D.
2010 - 2013
University of North Carolina at Chapel Hill
B.A.
2005 - 2009
Provided by Chambers
L. Penn Clarke advises clients on complex real estate transactions, with a focus on the development, purchase and sale of multifamily properties.
Provided by Chambers
Penn is incredibly knowledgeable and efficient working with lenders, equity groups, and buyers.
Penn is deal-focused and responsive; he is a great attorney for commercial transactions.
His responsiveness, depth of knowledge and ability to work seamlessly with partners and lenders set him apart.
Penn is incredibly knowledgeable and efficient working with lenders, equity groups, and buyers.
Penn is deal-focused and responsive; he is a great attorney for commercial transactions.
His responsiveness, depth of knowledge and ability to work seamlessly with partners and lenders set him apart.