Lee J. Felgar

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President, Pennrose Management Company

Lee Felgar serves as President of Pennrose Management Company. In this role, he oversees the operational management services for Pennrose’s affordable, market rate, and senior residential communities. He brings 35 years of broad experience in organizational development and reorganization to Pennrose. Lee has been instrumental in setting the strategic direction of the organization, building competent leadership teams that successfully execute in a highly results-oriented environment, achieving and exceeding asset management and investment objectives, and managing all aspects of the company’s operations.

Prior to joining Pennrose in 2014, Lee served as President of Preservation Housing Management, LLC, the housing operations company of Preservation of Affordable Housing in Boston. He has worked as a manager, asset manager, and developer of multi-family real estate in 22 states and Puerto Rico. His background includes extensive experience in organizational development and reorganization.

Lee received his Bachelor of Liberal Arts from Penn State University and holds a Master of Business Administration from Suffolk University in Boston, with additional coursework at MIT and Duke University.