Creating Value at Every Stage

Multifamily and Mixed-Use Property Development Done Right

Pennrose Properties, LLC is a private full-service real estate development firm originally founded in 1971. Pennrose has developed over 17,000 rental housing units, representing over $3 billion in total development costs financed by a variety of public and private sources.

Pennrose Development Fast Facts

  • Our portfolio includes more than 265 distinct market rate, affordable, and mixed-use developments. We have development activities in 16 states plus the District of Columbia.
  • Pennrose is one of the leading developers in the nation of mixed-finance projects, having been a designated redeveloper in over 80 municipalities.
  • We have developed over 90 mixed-finance public housing developments.
  • Skilled at leading complex multi-phased projects through the stages of comprehensive community planning, site planning, and implementation.