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About

We develop and manage real estate. For real change.

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Since 1971, we have been working to improve the lives of working families by creating safe, secure housing communities where residents can build fulfilling lives.

We recognize that our legacy will be not only the buildings we develop, but also the neighborhoods they improve, the residents who call them home, and the employees who demonstrate the Pennrose core values to support our mission.

Pennrose has achieved a national reputation of excellence for real estate development and multifamily property management.

CLICK HERE, to view the Pennrose brochure.

Mission, Vision & Core Values

Mission

Our committed team of exceptional professionals transforms communities by creating high quality real estate developments and delivering outstanding value to our clients and partners.

Vision

Considered by all to be at the top of the multifamily and real estate industry, fuelled by high caliber talent, financial strength, and a culture of continuous innovation of business practices.

Our Core Values

Integrity

We act with honor, honesty, and fairness and we hold ourselves to the highest ethical standards.

Collaboration

We support each other internally and externally to achieve our collective goals.

Accountability

We are responsible and take responsible action. We say what we mean, we do what we say.

Results Orientated

We take pride in achieving exceptional outcomes.

History

Pennrose began in 1971 with the goal of profoundly impacting the lives of working families through the development of affordable housing. Since then, we have honed our expertise through the successful completion of over 220 developments, more than 18,000 rental housing units, and oversight of $XX billion in total development costs.

Pennrose is a recognized leader in complex mixed-income multifamily and mixed-use development and professional property management services.

Leadership Team

The Pennrose leadership team is a group of diverse, talented, and experienced individuals who exemplify the Pennrose Core Values and are driven to support the Pennrose Mission.

Richard K. Barnhart

Chairman & CEO

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Mark H. Dambly

President

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Timothy I. Henkel

Principal and Senior Vice President

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Development

Charlie Adams

Regional Vice President, New England

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Ryan Bailey

Senior Developer

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Lasserre Bradley, III

Regional Vice President, Midwest Region

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Ivy Dench-Carter

Regional Vice President, Mid-Atlantic

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Jacob Fisher

Regional Vice President, New Jersey & Pennsylvania

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Noah Freiberg

Senior Developer

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Rich Gower

Senior Vice President of Asset Management and Treasurer

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Amon Martin, III

Senior Developer

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Harry Moody

Senior Developer

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Christine Robertson

Senior Developer

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Dylan Salmons

Regional Vice President, New York

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R. J. Saturno

Vice President of Compliance & Legal

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Patrick Stewart

Senior Developer

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Mark Straub

Regional Vice President, Southeast

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Management

Lisa D. Landis

Senior Vice President of Property Management

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Marsha Blunt

Vice President of Operations

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Kathi Garrone

Vice President of Compliance

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Jennifer Hayward

Vice President of Transition Management

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Shared Services

Patrick J. Brala

Senior Vice President and Chief Financial Officer

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John DeSantis

Vice President of Information Technology

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Michelle Militello

Vice President of Asset Management

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Michael Pico

Chief Human Resources Officer

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Lee R. Reedy

Vice President of Marketing & Communications

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Cristi Resciniti

Chief Accounting Officer

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The Pennrose Foundation was established to enhance Pennrose's mission of transforming communities by supporting charitable organisations and events that benefit seniors and families, wellness initiatives, and the communities surrounding Pennrose properties.

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Recognized for Excellence

The impact of the work we do is more important than any award we win – but it’s always nice to be recognized. Here are some recent honors our company, development projects, and team members have received.


Award 2

John Richards

Leeds

2019 Top 125 Training Professionals

#35

Philadelphia, Pennsylvania

Best Places to Work

Philadelphia Business Journal

Philadelphia, Pennsylvania

Healthiest Employer

Philadelphia Business Journal

Philadelphia, Pennsylvania

Robert W. Montgomery, Jr. Award

Abington Township Board of Commissioners

Willow Grove, Pennsylvania

Faces of Philanthropy

Philadelphia Business Journal

Philadelphia, Pennsylvania

Readers' Choice Award - Best Senior Project

West Turner Residences

Allentown, Pennsylvania

2018 Top 125 Training Professionals

2018 Top 125 Training Professionals

Philadelphia, Pennsylvania

Best Real Estate Deal

Wynne Senior Residences

Philadelphia, Pennsylvania

Stone Grove - Excellence in Community Revitalization Award

Stone Grove Crossing

Salisbury, Maryland

2017 Best Places to Work

Large Companies

Philadelphia, Pennsylvania

Lehigh Valley Sustainability - Sacred Heart

Sacred Heart Residences

Allentown, Pennsylvania

Charles L. Edson - Gloria Robinson Court Homes IV

Gloria Robinson Court Homes IV

Jersey City, New Jersey

SAGE Advocacy Award for Excellence in Leadership on Aging

John C. Anderson Apartments

Philadelphia, Pennsylvania

Smart Growth Award

Gloria Robinson Court Homes

Jersey City, New Jersey

Investment Award

Sankofa Village

Cleveland, Ohio

Leasing Excellence, 1980-1999, under 150 units - Platinum

Spencer's Place

Philadelphia, Pennsylvania

Charles L. Edson Tax Credit Excellence Award - Public Housing

The Oaks at Park Pointe

Griffin, Georgia

Excellence Award - Senior

Freedom Village

Paterson, New Jersey

Smart Growth Award

The Heritage at Alexander Hamilton

Paterson, New Jersey

AIA Richmond - Honor Award for Excellence in Architecture

Plant 64

Winston-Salem, North Carolina

Community Presentation Excellence, 2000+, 70-135 units - Gold

Falls Ridge

Philadelphia, Pennsylvania

Community Presentation Excellence, 2000+, under 70 units - Silver

Mary Taylor House

West Chester, Pennsylvania

Community Presentation Excellence, 2000+, under 70 units - Bronze

John C. Anderson Apartments

Philadelphia, Pennsylvania

Maintenance Excellence, 2000+, Under 100 units - Silver

Lofts at Brewerytown

Philadelphia, Pennsylvania

Maintenance Excellence, 2000+, Under 100 units - Bronze

Limerick Green

Limerick, Pennsylvania

Property Management Company of the Year (Affordable)

Pennrose Management Company

Philadelphia, Pennsylvania

Garden State Award - Excellence in Property Management

Herman E. Kapp

Flemington, New Jersey

Garden State Award - Curb Appeal

City View Landing

Newark, New Jersey

Smart Growth Award

Woodrow Wilson Commons

Long Branch, New Jersey

Healthiest Employer

Healthiest Employer

Philadelphia, Pennsylvania

40 Under 40

Jacob Fisher

Philadelphia, Pennsylvania

National Agency Award of Excellence

Fairview Village

Phoenixville, Pennsylvania

#1 Developer - Top 50 Affordable Developers List

Pennrose Properties, LLC

Philadelphia, Pennsylvania

40 Under 40

Jacob Fisher

Philadelphia, PA

Excellence Awards, Affordable

John C. Anderson Apartments

Philadelphia, Pennsylvania

Healthiest Employer Award

Pennrose Management Company

Philadelphia, Pennsylvania

Porter of the Year

Jeremy Rudko, Eastampton Town Center

Mount Holly, New Jersey

ENERGY STAR for Homes Leadership in Housing Award

Pennrose Properties, LLC

Philadelphia, Pennsylvania

Historic Preservation Award

Saint Luke's Manor

Cleveland, OH

Reader's Choice Award

Saint Luke's Manor

Cleveland, OH

17th Annual Charles L. Edson Tax Credit Excellence Awards, Senior Housing

Mary Taylor House

West Chester, PA

Property Manager of the Year (Affordable)

Gail Sola

Plymouth Place, Hammonton, NJ

Energy Star for Homes Leadership in Housing Award

Pennrose Properties, LLC

Philadelphia