Pennrose

Pennrose is a U.S. real estate development and property management company founded in 1971. The company specializes in multifamily, mixed-income, and affordable housing, with activities that include real estate development, property management, housing preservation, and community revitalization.

Pennrose develops and manages affordable, market-rate, mixed-income, mixed-use, and senior housing communities, as well as properties serving special populations. Its property management operations cover properties developed by Pennrose as well as selected properties owned by other organizations.

According to the company’s current website, Pennrose has developed more than 27,000 rental housing units across more than 350 developments in 19 states, Washington, D.C., and the U.S. Virgin Islands, and manages more than 20,000 units across more than 250 properties.