Back to Newsroom

News Releases

  • Pennrose Opens New Senior Apartment Community to Meet Growing Market Demands
    May 16, 2013
    On Tuesday, May 15th at 2:00 PM, Pennrose held a grand opening and ribbon cutting ceremony to celebrate the completion of Somerton Court Senior Residences in Trevose. The development consists of 54 one-bedroom units and six two-bedroom units for low-income seniors.

    Read more

  • Pennrose Announces Lopa P. Kolluri as Vice President of Operations
    May 13, 2013
    Pennrose, a leading real estate development and management company focused on multifamily communities, is proud to announce that Lopa P. Kolluri has been named Vice President of Operations. Kolluri will be responsible for managing Pennrose’s development team, evaluating hiring needs and prioritizing employee allocation.

    Read more

  • Maple Village at Center in the Park Commemorates 10-Year Anniversary
    April 26, 2013
    On Thursday, April 25th, a celebration was held to commemorate the Maple Village at Center in the Park’s ten-year anniversary. Maple Village is a Pennrose developed and managed property in the Germantown section of Philadelphia that provides quality and affordable housing to seniors, while also offering a variety of resident events, activities and supportive services.

    Read more

  • Pennrose Ranked #1 on Affordable Housing Finance’s Top 50 Developers for 2012
    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.

    Read more

  • Pennrose Selected as a Co-Developer for the Redevelopment of Brooklyn’s Prospect Plaza
    March 7, 2013
    After two and a half years of collaborative planning, Pennrose was recently selected as a member of the development team for the revitalization of Prospect Plaza in Ocean Hill-Brownsville in Brooklyn, New York by the New York City Housing Authority (NYCHA) and New York City Housing Preservation and Development (HPD). Pennrose joins co-developers Blue Sea Development Company, Duvernay + Brooks and Rosenberg Housing Group (Blue Sea & Partners) on the new, affordable and public housing project.

    Read more