Pennrose Foundation has announced the awarding of $50,000 in grants to 11 charitable organizations during 2024. This funding reflects the Foundation's ongoing dedication to supporting charities with shared goals and missions that drive positive change, with grants aimed at bolstering programs with children, health and nutrition, community arts and culture, and community enrichment. We are pleased to support New Haven Pride Center, Fair Haven Community Health Care, Lower North Philadelphia CDC, William Way LGBT Community Center, The Salvation Army, Bethesda Project, Chase Brexton Health Care, MidTown Cleveland, Inc., Good Samaritan Health Center, FCS - Focused Community Strategies, and RedLine Contemporary Art Center.
Pennrose
Real Estate
Philadelphia, PA 11,932 followers
Bricks & Mortar | Heart & Soul
About us
For over 50 years, Pennrose has combined quality development and proven management to create great lifestyles for our residents. We are committed to developing exceptional properties, constructed with quality materials, designed with features and amenities residents really want, and managed by a well-trained and dedicated staff. As a nationally recognized developer of affordable, mixed-use, mixed-income, market-rate and master-planned communities, we believe in fostering neighborhoods that sustain future generations. Our dedication to partnering with host communities ensures that our developments are tailor-made - not standardized, one-size-fits-all solutions. Our approach to management and the commitment we have to our residents, investors, and personnel we serve and work with, set us apart from other multi-family property management companies. We deliver the highest quality housing with a superior level of customer service to establish an enduring sense of community. We bring it all together to provide quality development, proven management, and great lifestyles.
- Website
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http://www.pennrose.com
External link for Pennrose
- Industry
- Real Estate
- Company size
- 201-500 employees
- Headquarters
- Philadelphia, PA
- Type
- Privately Held
- Founded
- 1971
- Specialties
- Real Estate Development and Residential Property Management
Locations
Employees at Pennrose
Updates
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We are proud to partner with Mercy Care to provide quality, affordable housing to residents like Mr. Cooper
Allow us to introduce you to Mr. Cooper. When he was living on the streets and needed healthcare and case management, Mercy Care became his lifeline. Now, no longer experiencing homelessness, Mr. Cooper's mother along with the Mercy Care and River Edge teams helped him move into his new studio apartment. Mr. Cooper is one of the first of many who will occupy 30 studio units at McAuley Station that will serve as permanent supportive housing through Fulton County's Behavioral Health Department in partnership with Partners for HOME. Now with the support he needs to heal and rebuild his life, Mr. Cooper said, "I've been on the streets for so long. God works in mysterious ways. This is awesome. I appreciate it!" This Giving Tuesday, help us create more stories of hope and healing. 💙 Donate today: bit.ly/give2mercy Give generously to help more people like Mr. Cooper.
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Wishing you a Merry Christmas and a Happy Hannukah! The first candles on the menorah will be lit as many Christian families are sitting down to Christmas dinner. While both holidays typically occur at the same time of year, 2024 is only the fourth time this century that the dates align. Previous years were 2005, 1959, and 1921. The next two years that the first night of Hannukah will fall on Christmas day is 2035 and 2054.
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We're wrapping up the year with the grand opening of Bridgeside Estates in Allentown! Phase I of the Little Lehigh public housing revitalization replaces the outdated complex with 50 brand-new, affordable apartments and a 4,800+ square foot community building. In partnership with @Allentown Housing Authority, the completed redevelopment will feature six new buildings with modern apartments, community amenities, and supportive services — all thoughtfully designed to enhance the neighborhood and improve the quality of life for Lehigh Valley families. We’re excited to welcome new and returning residents to their brand-new homes just in time for the holiday season. Learn more here: https://lnkd.in/eARDTW6E #AffordableHousing #CommunityDevelopment Julio Guridy Pennsylvania House of Representatives Pennsylvania Housing Finance Agency Fadia Halma Pennsylvania Department of Community & Economic Development Lehigh County Matt Tuerk City of Allentown Cynthia Mota Kimmel Cameron Hudson Housing Capital LLC Jacob Fisher
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Pennrose reposted this
Excited for the opportunity to shine a light on the work Pennrose is doing in Ohio to advance #AffordableHousing, #Sustainabilty, and our partnership with MidTown Cleveland, Inc. on the Warner & Swasey project.
The latest issue of Heartland Real Estate Business has arrived — Affordable Housing Creativity Born Out of Necessity Developers find ways to fi nance new projects needed to address the shortage of units for low-income renters. By Kristin Harlow; insights from — Geoff Milz, AICP LEED-AP, Pennrose; David Wesner; The Annex Group; Craig Patterson, Woda Cooper Cos. Inc. Industrial Development Slowdown Contains a Silver Lining Lack of new construction creates opportunity for owners to boost occupancy, putting the market on the path to equilibrium. By Kristin Harlow; insights from — Chris Zubel, CBRE; Kathleen Cavanaugh, Chas Simcox, Marty Mikaitis & Joseph Stockman, Avison Young; Michael Mangan, Cresa Chicago; Joe Owen CCIM, SIOR, Colliers. Inside the Issue: Viewpoints in Real Estate 2024: Brokers Share 2025 Outlook in Annual Special Section Bedrock, GM Plan to Redevelop Renaissance Center in Detroit Industry Experts Reveal Most Meaningful Transactions of 2024 Read the issue: https://lnkd.in/dZcNTuhu #CRE #CommercialRealEstate #Development #AffordableHousing
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We're proud to celebrate the grand opening of Phase II of the Uplands Master Plan, which adds 150 affordable apartments and $28M in critical infrastructure upgrades to the 63-acre redevelopment in Edmondson Village. The revitalization of the distressed public Section 8 complex is a prime example of how thoughtful development, strategic collaboration, and community engagement can deliver innovative housing solutions and make a meaningful difference. Congratulations to all our project partners! Learn more: https://bit.ly/3P8i9ec #AffordableHousing #CommunityDevelopment #Baltimore Brandon M. Scott City of Baltimore Maryland Department of Housing and Community Development (DHCD) Alice Kennedy Shamiah Woods Kerney Paris Gray Sandy DeFelice M&T Realty Capital Corporation Patrick Stewart
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"This project represents a significant step towards addressing the national affordable housing crisis. Residents of McAuley Station will have access to Mercy Care medical services because, in my determination, housing is healthcare." – Andre Dickens, Mayor of Atlanta Phase I of McAuley Station recently celebrated its grand opening in Atlanta's Sweet Auburn neighborhood. The development adds 170 mixed-income apartments adjacent to the Mercy Care campus, providing much-needed affordable housing options in tandem with critical access to healthcare. Watch the video here to learn more about the transformative project: https://lnkd.in/e7FYrZ2F #CommunityDevelopment #HealthcareAccess #AffordableHousing #HousingIsHealthcare Ivy Dench-Carter Denise Farrior Dr. Eloisa Klementich, CEcD Katherine Saez Christopher Womack Sr. Jane Gerety City of Atlanta Georgia Department of Community Affairs Truist Invest Atlanta Southern Company
McAuley Station Grand Opening Celebration
https://vimeo.com/
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We are excited to announce that John Arthur Flats has received the Ohio Iconic Building Award as part of the U.S. Green Building Council's 2024 Local Market Leadership Awards! As Cincinnati’s first LEED Gold-certified, LGBTQ+-affirmative affordable senior housing development, John Arthur Flats was recognized for its commitment to sustainability, environmentally-conscious design, and impactful development. Thank you to our Ohio development team, project partners, and community stakeholders for propelling this project forward. Together, we can continue to build a greener and more inclusive future. Read more about the awards: https://bit.ly/4eNhR6E #Sustainability #AffordableHousing #USGBC #CommunityImpact
USGBC announces 2024 U.S. Local Market Leadership Award recipients | U.S. Green Building Council
usgbc.org
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WE ARE HIRING | Our team is expanding, and we are excited to find an Assistant Property Manager in Wareham, Massachusetts. Check out the link to learn more about this position. https://ow.ly/cKPz50Uq9rc . . . #AssistantPropertyManager #AffordableHousing #LeaseUp #Pennrose #Development #Management #PropertyManagement #JoinOurTeam #Hiring #NowHiring #WarehamMA
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As we inch into the pipe-freezing cold weather months, Pennrose is thrilled to highlight the work we’re doing to strategically prevent portfolio-wide water waste using ION leak-sensing software. Investing in this technology has led to property water use decreases of up to 37%, as was the case for Hope’s Crossing in Toms River, NJ. ION tracks water performance data via smart sensors. The system identifies and analyzes unit-level water events, pinpoints malfunctions, and generates automated work orders so maintenance personnel can stop water loss early. These systems have resulted in significant decreases in water consumption. All new Pennrose developments are designed to accommodate this system. Check out page 11 on the Corporate Responsibility Report linked below to learn more. LINK HERE: https://ow.ly/scic50UfRzh