Company History

More Than Four Decades of Real Estate Development and Property Management

The foundation for Pennrose began in 1971 with the original goal of profoundly impacting the lives of working families through the development of affordable housing. The organization pioneered the conversion of dilapidated historic buildings into affordable, sustainable housing developments. In 1981, Pennrose Management Company was founded to provide management support to the properties being developed.

Today, Pennrose is recognized as a leader in complex mixed-income multifamily and mixed-use development and professional property management services. Throughout its history, Pennrose has been dedicated to the mission of transforming communities by creating quality, secure and affordable living environments.