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Pennrose’s Lee Felgar Elected to PAA East Board of Directors
November 1, 2017
Lee John Felgar, president, Pennrose Management Company, has been elected to the 2018 board of directors of the Pennsylvania Apartment Association East (PAA East). PAA East board members represent some of the largest national and regional owners, developers, management companies, lenders and more. Together, they lead the nonprofit’s mission to provide services that enhance quality rental housing. Felgar’s one-year term begins on January 1, 2018.
“I am honored to serve with a respected group of my peers to continue the mission of PAA East,” said Felgar. “The organization provides a tremendous forum to improve the multifamily industry by expanding the dialogue on issues of common interest and the sharing of best practices.”
Based in Bala Cynwyd, PAA East represents multifamily developers, owners and managers in the Greater Philadelphia area that collectively have more than 125,000 residential property units. The nonprofit provides members with a forum to share their strengths and offers educational, public relations and governmental affairs-related services to improve rental housing in the state.
Lee Felgar joined Pennrose as president of Pennrose Management Company in February 2014. As president, Mr. Felgar oversees the company’s professional management services for Pennrose’s market rate, mixed-income, affordable, and senior residential communities. He is responsible for 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.
Mr. Felgar joined Pennrose after serving as president of Boston-based Preservation Housing Management, LLC, (now POAH Communities) the housing operations company of Preservation of Affordable Housing, Inc. Prior to that, he held senior executive positions with Volunteers of America, as well as with the National Housing Partnership, Cardinal, and other conventional and affordable multi-family ownership, development and management companies across the country. Mr. Felgar has worked as a manager, asset manager and developer of multi-family real estate in 26 states and Puerto Rico. His background includes extensive experience in organizational development and reorganization.