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About

We develop and manage real estate. For real change.

Since 1971, we have been working to improve the lives of working families by creating safe, secure housing communities where residents can build fulfilling lives.

We recognize that our legacy will be not only the buildings we develop, but also the neighborhoods they improve, the residents who call them home, and the employees who demonstrate the Pennrose core values to support our mission.

Pennrose has achieved a national reputation of excellence for real estate development and multifamily property management.

CLICK HERE, to view the Pennrose brochure.

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Mission, Vision & Core Values

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Mission

Our committed team of exceptional professionals transforms communities by creating high quality real estate developments and delivering outstanding value to our clients and partners.

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Vision

Considered by all to be at the top of the multifamily and real estate industry, fueled by high caliber talent, financial strength, and a culture of continuous innovation of business practices.

Our Core Values

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Integrity

We act with honor, honesty, and fairness and we hold ourselves to the highest ethical standards.

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Collaboration

We support each other internally and externally to achieve our collective goals.

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Accountability

We are responsible and take responsible action. We say what we mean, we do what we say.

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Results Orientated

We take pride in achieving exceptional outcomes.

History

Pennrose began in 1971 with the goal of profoundly impacting the lives of working families through the development of affordable housing. Since then, we have honed our expertise through the successful completion of over 265 developments, more than 18,000 rental housing units, and oversight of $3.5 billion in total development costs.

Pennrose is a recognized leader in complex mixed-income multifamily and mixed-use development and professional property management services.

Leadership

The Pennrose leadership team is a group of diverse, talented, and experienced individuals who exemplify the Pennrose Core Values and are driven to support the Pennrose Mission.

Owners

2019 04 03 Pennrose Richard Barnhart Linkedin Profile 144929

Richard K. Barnhart

Chairman & CEO

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2019 04 16 Pennrose Mark Dambly Linkedin Profile 084411

Mark H. Dambly

President

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2019 05 02 Pennrose Timothy Henkel Linkedin Profile 124033

Timothy I. Henkel

Principal and Senior Vice President

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Executive Team

2019 04 16 Pennrose Patrick Brala Linkedin Profile 092609

Patrick J. Brala

Senior Vice President and Chief Financial Officer

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2019 04 30 Pennrose John Desantis Linkedin Profile 085452

John DeSantis

Vice President of Information Technology

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2019 05 21 Pennrose Richard Gower Linkedin Profile 135555

Rich Gower

Senior Vice President of Asset Management and Treasurer

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2019 05 08 Pennrose Jennifer Hayward Linkedin Profile 152525

Jennifer Hayward

Vice President of Transition Management

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2020 01 07 Pennrose Michele Militello Linkedin Profile 553113

Michelle Militello

Vice President of Asset Management

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2020 11 03 Pennrose Kimberly Moffa Linkedin Profile 553513

Kim Moffa

Vice President of Human Resources

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2019 05 21 Pennrose Shannon Mowery Linkedin Profile 155458

Shannon Mowery

Vice President of Supportive Services

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2019 03 05 Pennrose Lee Reedy Linkedin Profile 122803

Lee R. Reedy

Vice President of Marketing & Communications

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2019 04 22 Pennrose Cristi Resciniti Linkedin Profile 152908

Cristi Resciniti

Chief Accounting Officer

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2019 04 04 Pennrose Ralph Saturno Linkedin Profile 111614

R. J. Saturno

Vice President of Compliance & Legal

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Development

2019 05 21 Pennrose Charlie Adams Linkedin Profile 133855

Charlie Adams

Regional Vice President, New England

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2019 04 23 Pennrose Ryan Bailey Linkedin Profile 104436

Ryan Bailey

Senior Developer (Pennsylvania)

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2019 05 21 Pennrose Lasserre Bradley Linkedin Profile 141926

Lasserre Bradley, III

Regional Vice President, Midwest

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2019 05 21 Pennrose Ivy Carter Linkedin Profile 073430

Ivy Dench-Carter

Senior Vice President of Development

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2019 04 11 Pennrose Jacob Fisher Linkedin Profile 065101

Jacob Fisher

Regional Vice President, New Jersey & Pennsylvania

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2019 04 30 Pennrose Noah Freiberg Linkedin Profile 110004

Noah Freiberg

Senior Developer (New Jersey, Texas)

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2019 05 21 Pennrose Michael Kornspun Linkedin Profile 145142

Michael Kornspun

Senior Developer (New York)

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2019 04 11 Pennrose Amon Martin Linkedin Profile 130429

Amon Martin, III

Regional Vice President, Southeast

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2019 05 21 Pennrose Dylan Salmons Linkedin Profile 102732

Dylan Salmons

Regional Vice President, New York

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2019 05 21 Pennrose Patrick Stewart Linkedin Profile 162108

Patrick Stewart

Regional Vice President, Maryland

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2019 05 21 Pennrose Christine Roberts Linkedin Profile 174106

Christine Robertson

Senior Developer (Virginia)

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2019 04 18 Pennrose Harry Moody Linkedin Profile 141717

Harry Moody

Senior Developer (Pennsylvania, Florida)

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Management

2019 06 19 Pennrose Lisa Landis Linkedin Profile 161157

Lisa D. Landis

Senior Vice President of Property Management

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2019 07 11 Pennrose Marsha Blunt Linkedin Profile 110021

Marsha Blunt

Vice President of Operations

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2019 05 21 Pennrose Kathi Garrone Linkedin Profile 131018

Kathi Garrone

Vice President of Compliance

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2020 10 28 Pennrose Mack Hancock Linkedin Profile 402413

Mack Hancock

Vice President of Operations

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Foundation Logo

The Pennrose Foundation was established to enhance Pennrose's mission of transforming communities by supporting charitable organizations and events that benefit seniors and families, wellness initiatives, and the communities surrounding Pennrose properties.

Visit PennroseFoundation.org

Recognized for Excellence

The impact of the work we do is more important than any award we win – but it’s always nice to be recognized. Here are some recent honors our company, development projects, and team members have received.


2020 Healthiest Employer Logo

Healthiest Employer

Philadelphia Business Journal

Philadelphia, Pennsylvania

CBC Logo

Project Team Awards competition in the Large Multi-Family/Mixed-Use

Meriden Commons II

Meriden, Connecticut

Trg Top 125 2019Winner

2019 Top 125 Training Professionals

#35

Philadelphia, Pennsylvania

Award Logo

Best Places to Work

Philadelphia Business Journal

Philadelphia, Pennsylvania

2019 Healthiest Employers Logo 01

Healthiest Employer

Philadelphia Business Journal

Philadelphia, Pennsylvania

Township Of Abington

Robert W. Montgomery, Jr. Award

Abington Township Board of Commissioners

Willow Grove, Pennsylvania

Faces Of Philanthropy

Faces of Philanthropy

Philadelphia Business Journal

Philadelphia, Pennsylvania

Affordable Housing Finance Mag

Readers' Choice Award - Best Senior Project

West Turner Residences

Allentown, Pennsylvania

Trg Top 125 2018 Winner

2018 Top 125 Training Professionals

2018 Top 125 Training Professionals

Philadelphia, Pennsylvania

Phila Business Journal

Best Real Estate Deal

Wynne Senior Residences

Philadelphia, Pennsylvania

Maryland

Stone Grove - Excellence in Community Revitalization Award

Stone Grove Crossing

Salisbury, Maryland

Award Logo

2017 Best Places to Work

Large Companies

Philadelphia, Pennsylvania

Redesign Dvgbc Logo

Lehigh Valley Sustainability - Sacred Heart

Sacred Heart Residences

Allentown, Pennsylvania

Tax Credit Coalition

Charles L. Edson - Gloria Robinson Court Homes IV

Gloria Robinson Court Homes IV

Jersey City, New Jersey

Sagebanner4

SAGE Advocacy Award for Excellence in Leadership on Aging

John C. Anderson Apartments

Philadelphia, Pennsylvania

Nj Future

Smart Growth Award

Gloria Robinson Court Homes

Jersey City, New Jersey

Campus District

Investment Award

Sankofa Village

Cleveland, Ohio

Paa East

Leasing Excellence, 1980-1999, under 150 units - Platinum

Spencer's Place

Philadelphia, Pennsylvania

Tax Credit Coalition

Charles L. Edson Tax Credit Excellence Award - Public Housing

The Oaks at Park Pointe

Griffin, Georgia

Multifamily Executive

Excellence Award - Senior

Freedom Village

Paterson, New Jersey

Nj Future

Smart Growth Award

The Heritage at Alexander Hamilton

Paterson, New Jersey

Aia

AIA Richmond - Honor Award for Excellence in Architecture

Plant 64

Winston-Salem, North Carolina

Paa East

Community Presentation Excellence, 2000+, 70-135 units - Gold

Falls Ridge

Philadelphia, Pennsylvania

Paa East

Community Presentation Excellence, 2000+, under 70 units - Silver

Mary Taylor House

West Chester, Pennsylvania

Paa East

Community Presentation Excellence, 2000+, under 70 units - Bronze

John C. Anderson Apartments

Philadelphia, Pennsylvania

Paa East

Maintenance Excellence, 2000+, Under 100 units - Silver

Lofts at Brewerytown

Philadelphia, Pennsylvania

Paa East

Maintenance Excellence, 2000+, Under 100 units - Bronze

Limerick Green

Limerick, Pennsylvania

Njaa

Property Management Company of the Year (Affordable)

Pennrose Management Company

Philadelphia, Pennsylvania

Njaa

Garden State Award - Excellence in Property Management

Herman E. Kapp

Flemington, New Jersey

Njaa

Garden State Award - Curb Appeal

City View Landing

Newark, New Jersey

Nj Future

Smart Growth Award

Woodrow Wilson Commons

Long Branch, New Jersey

Phila Business Journal

Healthiest Employer

Healthiest Employer

Philadelphia, Pennsylvania

Phila Business Journal

40 Under 40

Jacob Fisher

Philadelphia, Pennsylvania

Nahro

National Agency Award of Excellence

Fairview Village

Phoenixville, Pennsylvania

Affordable Housing Finance Mag

#1 Developer - Top 50 Affordable Developers List

Pennrose Properties, LLC

Philadelphia, Pennsylvania

Phila Business Journal

40 Under 40

Jacob Fisher

Philadelphia, PA

Multihousing News

Excellence Awards, Affordable

John C. Anderson Apartments

Philadelphia, Pennsylvania

Phila Business Journal

Healthiest Employer Award

Pennrose Management Company

Philadelphia, Pennsylvania

Njaa

Porter of the Year

Jeremy Rudko, Eastampton Town Center

Mount Holly, New Jersey

Energy Star Logo

ENERGY STAR for Homes Leadership in Housing Award

Pennrose Properties, LLC

Philadelphia, Pennsylvania

Hudimg

Historic Preservation Award

Saint Luke's Manor

Cleveland, OH

Affordable Housing Finance Mag

Reader's Choice Award

Saint Luke's Manor

Cleveland, OH

Tax Credit Coalition

17th Annual Charles L. Edson Tax Credit Excellence Awards, Senior Housing

Mary Taylor House

West Chester, PA

Njaa

Property Manager of the Year (Affordable)

Gail Sola

Plymouth Place, Hammonton, NJ

Energy Star Logo

Energy Star for Homes Leadership in Housing Award

Pennrose Properties, LLC

Philadelphia

Nj Future

NJ Futures Smart Growth

New Brunswick Performing Arts Center

New Brunswick, New Jersey

Sha Logo

Supportive Housing Project of the Year

Weinberg Commons

Cherry Hill, New Jersey