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.
Mission, Vision & Core Values
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.
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
Integrity
We act with honor, honesty, and fairness and we hold ourselves to the highest ethical standards.
Collaboration
We support each other internally and externally to achieve our collective goals.
Accountability
We are responsible and take responsible action. We say what we mean, we do what we say.
Results Orientated
We take pride in achieving exceptional outcomes.
History
Pennrose is a recognized leader in complex mixed-income multifamily and mixed-use development and professional property management services.
Executive Team
Development
Management
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.
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.
Healthiest Employer
Philadelphia Business Journal
Philadelphia, Pennsylvania
Project Team Awards competition in the Large Multi-Family/Mixed-Use
Meriden Commons II
Meriden, Connecticut
2019 Top 125 Training Professionals
#35
Philadelphia, Pennsylvania
Best Places to Work
Philadelphia Business Journal
Philadelphia, Pennsylvania
Healthiest Employer
Philadelphia Business Journal
Philadelphia, Pennsylvania
Robert W. Montgomery, Jr. Award
Abington Township Board of Commissioners
Willow Grove, Pennsylvania
Faces of Philanthropy
Philadelphia Business Journal
Philadelphia, Pennsylvania
Readers' Choice Award - Best Senior Project
West Turner Residences
Allentown, Pennsylvania
2018 Top 125 Training Professionals
2018 Top 125 Training Professionals
Philadelphia, Pennsylvania
Best Real Estate Deal
Wynne Senior Residences
Philadelphia, Pennsylvania
Stone Grove - Excellence in Community Revitalization Award
Stone Grove Crossing
Salisbury, Maryland
2017 Best Places to Work
Large Companies
Philadelphia, Pennsylvania
Lehigh Valley Sustainability - Sacred Heart
Sacred Heart Residences
Allentown, Pennsylvania
Charles L. Edson - Gloria Robinson Court Homes IV
Gloria Robinson Court Homes IV
Jersey City, New Jersey
SAGE Advocacy Award for Excellence in Leadership on Aging
John C. Anderson Apartments
Philadelphia, Pennsylvania
Smart Growth Award
Gloria Robinson Court Homes
Jersey City, New Jersey
Investment Award
Sankofa Village
Cleveland, Ohio
Leasing Excellence, 1980-1999, under 150 units - Platinum
Spencer's Place
Philadelphia, Pennsylvania
Charles L. Edson Tax Credit Excellence Award - Public Housing
The Oaks at Park Pointe
Griffin, Georgia
Excellence Award - Senior
Freedom Village
Paterson, New Jersey
Smart Growth Award
The Heritage at Alexander Hamilton
Paterson, New Jersey
AIA Richmond - Honor Award for Excellence in Architecture
Plant 64
Winston-Salem, North Carolina
Community Presentation Excellence, 2000+, 70-135 units - Gold
Falls Ridge
Philadelphia, Pennsylvania
Community Presentation Excellence, 2000+, under 70 units - Silver
Mary Taylor House
West Chester, Pennsylvania
Community Presentation Excellence, 2000+, under 70 units - Bronze
John C. Anderson Apartments
Philadelphia, Pennsylvania
Maintenance Excellence, 2000+, Under 100 units - Silver
Lofts at Brewerytown
Philadelphia, Pennsylvania
Maintenance Excellence, 2000+, Under 100 units - Bronze
Limerick Green
Limerick, Pennsylvania
Property Management Company of the Year (Affordable)
Pennrose Management Company
Philadelphia, Pennsylvania
Garden State Award - Excellence in Property Management
Herman E. Kapp
Flemington, New Jersey
Garden State Award - Curb Appeal
City View Landing
Newark, New Jersey
Smart Growth Award
Woodrow Wilson Commons
Long Branch, New Jersey
Healthiest Employer
Healthiest Employer
Philadelphia, Pennsylvania
40 Under 40
Jacob Fisher
Philadelphia, Pennsylvania
National Agency Award of Excellence
Fairview Village
Phoenixville, Pennsylvania
#1 Developer - Top 50 Affordable Developers List
Pennrose Properties, LLC
Philadelphia, Pennsylvania
40 Under 40
Jacob Fisher
Philadelphia, PA
Excellence Awards, Affordable
John C. Anderson Apartments
Philadelphia, Pennsylvania
Healthiest Employer Award
Pennrose Management Company
Philadelphia, Pennsylvania
Porter of the Year
Jeremy Rudko, Eastampton Town Center
Mount Holly, New Jersey
ENERGY STAR for Homes Leadership in Housing Award
Pennrose Properties, LLC
Philadelphia, Pennsylvania
Historic Preservation Award
Saint Luke's Manor
Cleveland, OH
Reader's Choice Award
Saint Luke's Manor
Cleveland, OH
17th Annual Charles L. Edson Tax Credit Excellence Awards, Senior Housing
Mary Taylor House
West Chester, PA
Property Manager of the Year (Affordable)
Gail Sola
Plymouth Place, Hammonton, NJ
Energy Star for Homes Leadership in Housing Award
Pennrose Properties, LLC
Philadelphia
NJ Futures Smart Growth
New Brunswick Performing Arts Center
New Brunswick, New Jersey
Supportive Housing Project of the Year
Weinberg Commons
Cherry Hill, New Jersey
Healthiest Employers
Philadelphia Business Journal
Philadelphia, Pennsylvania
Award for Excellence
ULI Philadelphia
Crest Manor, Willow Grove, Pennsylvania
Merit - Large Multi-Family/Mixed Use
Connecticut Building Congress
Village at Park River I, Hartford, Connecticut
Innovation Award
Corporation for Supportive Housing
Weinberg Commons, Cherry Hill, New Jersey
Development that Best Exemplifies Metropolitan Community Impact
Novogradac Journal of Tax Credits
50 Penn, Brooklyn, New York