Pennrose

Pennrose is a prominent real estate development and property management company headquartered in Philadelphia, Pennsylvania. Established in 1971, the company has a rich history of creating and managing diverse housing communities. These include affordable, mixed-income, market-rate, and mixed-use developments.

Over the years, Pennrose has successfully completed more than 350 developments, encompassing over 27,000 rental housing units. The total development cost for these projects exceeds $5 billion. Their portfolio spans 19 states, the District of Columbia, and the U.S. Virgin Islands, showcasing extensive reach and impact.

Mission and Core Values

Pennrose's mission is to transform communities by creating high-quality real estate developments that deliver outstanding value to clients and partners. This commitment is reflected in their core values:

• Integrity
• Collaboration
• Accountability
• A results-oriented approach

Services Offered

The company provides comprehensive property management services, overseeing a diverse portfolio of rental properties including market-rate, affordable, mixed-income, and mixed-use types.

They ensure efficient lease-up processes, stabilization, and ongoing management, all aimed at maintaining high standards of quality and resident satisfaction.

Community Engagement

Pennrose is dedicated to community engagement through initiatives like Pennrose Impact, which provides on-site support and resources to help residents achieve their goals and improve their quality of life.

Leadership Team

The company's leadership team comprises experienced professionals who exemplify Pennrose's core values and are driven to support its mission. Notable leaders include:

• Richard K. Barnhart, Executive Chairman of the Board
• Mark H. Dambly, Chief Executive Officer

Awards and Recognition

Pennrose's dedication to excellence has been recognized through various awards, including:

• The Healthiest Employer award from the Philadelphia Business Journal
• Supportive Housing Project of the Year for Weinberg Commons in Cherry Hill, New Jersey

Locations

Pennrose is headquartered in Philadelphia, PA, USA, serving a broad geographic area with a strong foundation and a commitment to quality.