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News Releases

  • Pennrose Properties’ Jacob Fisher Selected as a ‘40 Under 40’ Award Winner
    March 11, 2014
    Jacob Fisher, senior developer with Pennrose Properties, is one of 40 individuals selected by the Philadelphia Business Journal for its 2014 “40 Under 40 Awards,” now in its 24th year. Winners were chosen by their qualifications in four areas: business success, community involvement, leadership ability and influence. They represent the “most dynamic up-and-comers” under the age of 40 in the Greater Philadelphia region. Those receiving an award will be profiled in a special section of the publication on May 2nd and feted at a special dinner on May 20th.

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  • Pennrose and dmhFund Open John C. Anderson Apartments in Philadelphia
    February 24, 2014
    Pennrose Properties, one of the nation’s leading multifamily and mixed-use developers, and dmhFund, a non-profit group that offers programs and services to Philadelphia’s LGBT community, held a grand opening celebration today to formally open John C. Anderson Apartments. Located in the heart of Center City Philadelphia’s arts and entertainment area, it is one of the first LGBT (Lesbian, Gay, Bisexual and Transgender)-friendly senior affordable apartment buildings in the country. The opening attracted a large number of state and city officials, many who spoke at the event.

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  • Lee John Felgar Joins Pennrose Management Company as President
    February 14, 2014
    Lee John Felgar has been named the new president of Pennrose Management Company (PMC), the wholly owned subsidiary of Pennrose Properties, LLC, with an effective start date of February 24, 2014.

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  • Pennrose Opens Woodrow Wilson Commons in Long Branch, N.J.
    February 4, 2014
    A large gathering of state and city government officials braved the snow yesterday to participate in the grand opening ceremony of Woodrow Wilson Commons, an affordable, mixed-income rental community of 173 apartments and townhomes in Long Branch, N.J. Developed by Pennrose Properties, LLC, in partnership with the Long Branch Housing Authority and Maestro Community Development Corporation, the community is now open and accepting applications for rentals.

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  • Pennrose Wellness Plan Decreases Premiums, Improves Employee Health
    January 9, 2014
    At a time when many companies are seeing double-digit increases in their health plan premiums, Pennrose Management Company is seeing relatively none. For 2014, according to Aon Hewitt, the average medical renewal increase is nearly 7%, but Pennrose had less than 1%. The company attributes its favorable rate to the implementation of a results-oriented wellness program that incentivizes employees to take an active role in their health.

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  • Pennrose Wins Big at NJAA’s “20th Annual Garden State Awards of Excellence”
    December 4, 2013
    Pennrose was a big winner at the “20th Annual Garden State Awards of Excellence” presented by the New Jersey Apartment Association (NJAA). The awards recognize excellence among industry leaders in multi-family rental housing. Pennrose won 20 awards.

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