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Pennrose Announces New Developer in Mid-Atlantic Region
July 18, 2018
Pennrose has announced the addition of Christine Robertson to the Baltimore (Mid-Atlantic region) office as a Developer. In her role, Robertson will focus on growing Pennrose’s Virginia portfolio.
Robertson joins Pennrose with 25 years of experience in the affordable housing industry, primarily working with for-profit and non-profit developers. In previous development roles, including her last position as Vice President of Bywater Development Group, LLC, Christine spearheaded the creation or preservation of affordable and mixed-income rental and for-sale developments across the southern and midwestern United States. She also brings a breadth of experience in budgeting predevelopment expenses, preparing applications for financing or funding, and managing awarded tax credits and transactions through closing.
“With its established reputation for building the highest quality real estate developments, I am incredibly excited to join the Pennrose team,” said Robertson. “I look forward developing communities that have the ability to transform the lives of Virginia residents.”
During her career, Robertson has served as Portfolio Restructuring Manager with the Ohio Housing Finance Agency, where she managed the financial restructuring of project-based Section 8 properties. She also worked as Program Director for the Local Initiatives Support Corporation (LISC) Gulf Region Rebuilding Initiative, providing predevelopment, acquisition, and construction loans to developers rebuilding after the 2005 hurricanes. In 2014, Christine successfully secured and closed one of 12 HUD Senior Preservation Rental Assistance Contract (SPRAC) transactions for The Lakewoods Apartments in Dayton, Ohio – the first Freddie Mac Tax Exempt Loan transaction and the second SPRAC deal to reach closing.
“Christine’s distinguished career in development and affordable housing will make her an excellent addition to the Pennrose family,” said Ivy Dench-Carter, Regional Vice President at Pennrose.
Robertson graduated from Virginia Tech with a Bachelor of Arts in Urban Affairs and a minor in English. She previously served on the Ohio Housing Council Board of Directors Executive Committee and as Chair of the Louisiana Housing Trust Fund Advisory Committee. Christine is a Certified Housing Finance Professional with the National Development Council.