Pennybacker Capital, LLC, announced the appointment of Dave Stahl as Managing Director, Distressed Credit and Special Situations. His primary responsibilities will include overseeing investments within the Special Situations strategy and expanding Pennybacker Capital’s distressed investment capabilities across the firm.

Stahl joins Pennybacker after a combined ten years at Lone Star Funds/Hudson Advisors where he most recently served as Director of Special Assets, and previously directed both acquisitions and asset management teams focusing on distressed credit. In addition, Stahl has held senior positions at Transwestern Strategic Partners, Trammell Crow Company, PNL Companies and GE Capital over his distinguished thirty-year real estate career.

Tim Berry, Chief Executive Officer of Pennybacker Capital, commented, “We are very pleased to welcome Dave Stahl to Pennybacker Capital. Dave is an astute value investor and has a proven track record in distressed credit and special situations. I am confident he will be accretive to the Pennybacker culture and will have a tremendous impact on our organization. We anticipate a meaningful correction in real estate markets over the coming years and Dave will bring considerable experience to the team in anticipation of potential distressed opportunities.”

Stahl added, “I’m looking forward to joining the Pennybacker team and taking a leadership role in sourcing distressed and special situation investments. I’m excited to be part of an organization that is innovative in its utilization of technology, data, and analytics in all facets of real estate investment.”

Stahl received his Bachelor of Science in Finance from Oklahoma State University.