Back to News Releases
Pennrose Ranked #1 on Affordable Housing Finance’s Top 50 Developers for 2012
April 17, 2013
Philadelphia, Pa. – April 17, 2013 – Pennrose, a leading real estate development and management company, was recently named one of Affordable Housing Finance magazine’s Top 50 Developers. Making the #1 spot, Pennrose broke ground on 1070 units in 2012.
Over the past year, Pennrose has maintained the consistent growth of its portfolio. The company expanded current developments through the construction of additional phases, while diversifying into new markets and products, including their first development in Connecticut.
“We are thrilled to be ranked on Affordable Housing Finance’s list again this year and to have moved up three spots from 2011,” said Mark H. Dambly, President of Pennrose. “Our employees and partners work diligently each and every day. I am very proud of the time and dedication they’ve put into making these affordable developments happen.”
Affordable Developments in 2012
Burwood Gardens, Glen Burnie, Md., 100 units
Rush Crossing, Trenton, N.J., 204 homes
Fairgrounds Phase 4, Chester Township, Pa., 71 units
Fairview Village, Phoenixville, Pa., 36 units
Jefferson Heights, New Britain, Conn., 70 units
Liberty Park Homeownership, Camden, N.J., 12 units
Long Branch Homeownership, Long Branch, N.J., 8 units
Memphis Triangle Phase 2, Memphis, Tenn., 106 units
Somerton Court, Bensalem, Pa., 60 units
South Greengate Commons, Hempfield Township, Pa., 45 units
Uplands Homeownership Site B, Baltimore, Md., 180 units
William Way, Philadelphia, Pa., 56 units
Woodrow Wilson Phase 1, Long Branch, N.J., 65 units
Woodrow Wilson Phase 2, Long Branch, N.J., 57 units
Affordable Housing Finance magazine’s Top 50 Developers list recognizes the nation’s most active affordable housing developers, making it the only list of its kind for the industry. The list is generated based on a voluntary survey. The full list will be featured in the April/May issue.