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News Releases

  • Pennrose Management Company Announces Launch of Pennrose Academy
    March 17, 2015
    Pennrose Management Company announces the launch of Pennrose Academy as the foundation of the organization’s development and learning programs. Pennrose Academy was established to develop an internal brand that makes learning and development opportunities easier for employees to access and recognize.

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  • Final Phase of Gloria Robinson Court Homes Development Breaks Ground with VIP Ceremony in Jersey City, NJ
    March 4, 2015
    The Jersey City Housing Authority and Pennrose Properties, LLC held a groundbreaking ceremony for the fourth and final phase of the Gloria Robinson Court Homes, a vibrant mixed-income apartment community in Jersey City, N.J. Federal, state and city officials participated in the event celebrating the final phase that will include 70 apartments and a 10-classroom Head Start early childhood education center, being administered by Greater Bergen Community Action. At full build-out the completed community will encompass 274 units of workforce housing on a 7.6-acre site. Gloria Robinson Court Homes (Phases III & IV) were developed by Pennrose Properties, LLC, in partnership with the Jersey City Housing Authority (JCHA). These two phases are professionally managed by Pennrose Management Company.

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  • Lease-up of 204 Unit Rush Crossing Development Completed in Trenton, NJ
    February 12, 2015
    The initial lease-up of Rush Crossing, located in the heart of downtown Trenton, NJ, was recently completed. This long awaited 204 unit apartment community was developed by Pennrose Properties, LLC, in partnership with the Trenton Housing Authority (THA), and is professionally managed by Pennrose Management Company. It is Trenton’s largest residential development in the last 25 years, according to City sources.

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  • Pennrose Management Company Makes Key Executive Team Promotions
    January 27, 2015
    As the company builds capacity and prepares to expand its multi-state property management portfolio, Pennrose Management Company (PMC) has promoted John DeSantis to Vice President of Information Technology and Eileen Robinson to Director of Accounting and Finance.

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  • Pennrose Wins 14 NJAA Garden State Awards of Excellence
    November 17, 2014
    Pennrose Management Company, one of the nation’s leading multifamily and mixed-use property management companies, won 14 awards at the 2014 Annual Garden State Awards of Excellence. Presented each year by the New Jersey Apartment Association (NJAA), the awards recognize industry professionals and their properties that represent the best in multifamily rental housing within the state. The awards were presented on Thursday, October 30, 2014, at a recognition dinner at the Hilton Hotel in East Brunswick, New Jersey. A record-setting crowd of more than 640 NJAA members and guests attended the 1920s-themed soiree.

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  • Michael J. Pico Joins Pennrose Management Company as Vice President of Learning and Employee Development
    November 10, 2014
    Michael J. Pico has joined Pennrose Management Company (PMC) as vice president of Learning and Employee Development, as announced today by the organization. Pico has more than 15 years leading organizational transformation through critical learning, training and leadership development programs both in the U.S. and abroad. In his new capacity, he leads organizational development for PMC, which includes creating individual career plans with each employee. This is the first position of its type for the company, which Pico assumed on October 20.

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