PenEquity began in 1984 as a real estate firm focused on development and long-term ownership across Ontario. The company operates through an integrated platform that combines development management, leasing, property management, and financial control under one roof. PenEquity develops large-format retail, entertainment, mixed-use, commercial, and residential projects, with work spanning site acquisition, land use planning, construction management, lease-up, and ongoing operations. The business has also built a broad portfolio of operating destinations and manages assets with an owner-operator approach that extends beyond opening day.