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 Oriented
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.
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.Executive Leadership Team
Business Unit Heads
Development
Management
Board of Directors
Corporate Responsibility
Pennrose is committed to transforming communities by creating high-quality, inclusive housing that improves lives. We are a leader in mission-driven multifamily development and management, guided by the understanding that our legacy goes beyond the buildings we develop. It extends to the neighborhoods they improve, the residents who call them home, and the community organizations we partner with.
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
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
Outstanding Community Revitalization
Wilbourn Estates
Annapolis, Maryland
Blue Ribbon Award
Village at Park River III
Hartford, Connecticut
Readers' Choice Award - Historic Rehab
Mary D. Stone
Auburn, Massachusetts
Readers' Choice Award - Overall Winner
Mary D. Stone
Auburn, Massachusetts
Readers' Choice Award - Mixed-use Winner
50 Penn
Brooklyn, New York
Readers' Choice Award - Senior Housing Winner
Eastern Woods Senior
Findlay, Ohio
Project of the Year
John Arthur Flats
Cincinnati, Ohio
Project of the Year
Village at Harmony Garden
Glassboro, New Jersey
Silver Award - Apt. or Independent Living Community
Mary D. Stone
Auburn, Massachusetts
Best Places to Work
Philadelphia Business Journal
Philadelphia
Smart Growth Award
One Thompson Avenue
Dover, New Jersey
Charles L. Edson Tax Credit Excellence Award
Mary D. Stone
Auburn, Massachusetts
Renaissance Award
Northside Village
Schenectady, New York
Impact Sponsor
Freddie Mac
Philadelphia, Pennsylvania
Healthiest Employer
Pennrose
Philadelphia, Pennsylvania
Best in Building Health
The Pryde
Boston, Massachusetts
Readers' Choice Award Finalist - Public Housing Redevelopment
Imani Village II
Wilmington, Delaware
Adaptive Reuse Transformation Award
Village at Harmony Garden
Glassboro, New Jersey
USGBC Local Market Leadership Award - Quality of Life
John Arthur Flats
Cincinnati, Ohio
Design for Aging
The Pryde
Boston, Massachusetts
Eagle Award - nominee
Nest56
Denver, Colorado
New Construction - Affordability
Nest56
Denver, Colorado
Excellence Award - Affordable Community of the Year Finalist
The Pryde
Boston, Massachusetts
Multifamily Excellence Award
McAuley Station
Atlanta, Georgia
Mayor Thomas M. Menino Legacy Award
The Pryde
Boston, Massachusetts
Boston Preservation Achievement Award
The Pryde
Boston, Massachusetts
Built Environment, Runner Up
The Pryde
Boston, Massachusetts