We never forget development is just a bigger word for home.
Pennrose is a premier multifamily, mixed-use, and mixed-income development company with the expertise to combine development aspects in a way that exemplifies quality while creating value in the short- and long-term.
Recognized for our ability to successfully execute developments of varying complexity, product, scale, financing structure, and location.
Required net worth, liquidity, and financial systems to simultaneously undertake projects and ability to leverage our financing expertise to successfully execute complex financing structures.
Pennrose’s exceptional team of development professionals has developed or redeveloped more than $3.5 billion of multi-family and mixed-use property throughout the United States since 1971.
We are committed to conducting sustainable real estate development in an environmentally conscious manner.
Our developers work and live in the localities they develop.
We know working together is the key to thriving together.
We have regional development offices in the following cities:
Pennrose procures and installs state-of-the art technologies to ensure its developers are eagerly independent.
LEED for Homes is a voluntary certification and rating system administered by the U.S. Green Building Council (USGBC) that is the recognized standard for measuring building sustainability. Pennrose participates in the LEED program for many of its developments. To be certified under the LEED for Homes program a home must:
The program includes several additional requirements such as verification by a LEED for Homes Green Rater. The LEED for Homes Green Rate is not associated with the project team and s/he has training in verifying green homes. In the verification process the LEED for Homes Green Rater confirms that:
Built to be energy-efficient, ensuring that the home can be comfortably heated and cooled with minimal energy usage.
Individually tested to minimize indoor and outdoor water usage.
Predicted to use an estimated 30% to 60% less energy than a comparable home built to International Energy Conservation Code.
LEED for Homes projects must also meet ENERGY STAR for Homes, which can cut energy bills significantly. LEED-certified homes are also healthier for occupants because they must have proper ventilation, high-efficiency air filters, and other measures to reduce mold and mildew.
For more information on the LEED for HOMES program, go to https://new.usgbc.org/leed