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Media Coverage

  • 150 rentals for low- and moderate-income tenants planned for D.C.’s Deanwood
    The Washington Post November 15, 2016
    As part of the District’s New Communities Initiative, an ongoing effort to preserve and build affordable housing in the city, a new four-story, 150-unit apartment complex will be built at 5201 Hayes St. NE in Deanwood next year.

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  • The Importance of Creating a Shared Vision: A Q&A with Richard Barnhart, Chairman & CEO of Pennrose
    Enterprise Blog September 16, 2016
    We were fortunate to be able to sit down and talk recently with Richard Barnhart, chairman and CEO of Pennrose, about a variety of topics, including his firm’s transformative work on Saint Luke’s Manor in Cleveland.

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  • For $34 Million, Two Montgomery County Affordable Housing Sites Get Full Makeovers
    NBC 10 August 27, 2016
    Two of Montgomery County's seven affordable housing complexes are in the midst of complete makeovers, with construction at Crest Manor in Willow Grove already underway and work at North Hills in Glenside slated to begin next year.

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  • BDC votes in favor of EBDI tax abatement
    Baltimore Sun June 23, 2016
    The board of the Baltimore Development Corp. on Thursday recommended that the city move forward with a 15-year tax abatement for an apartment project with 246 market-rate units on Eager Street in the East Baltimore Development Inc. zone north of Johns Hopkins Hospital.

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  • Affordable Brooklyn development closes on $67M finance deal
    Real Estate Weekly April 20, 2016
    Pennrose Properties, LLC, Duvernay + Brooks, and Blue Sea Development have closed on construction financing for the third and final phase of the Revision Prospect Plaza development in the Oceanhill-Brownsville section of Brooklyn.

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  • Top 50 Affordable Housing Developers of 2015
    Affordable Housing Finance April 18, 2016
    Pennrose Properties, LLC moves up one spot in 2016 to #4 on Affordable Housing Finance's list of Top 50 Affordable Housing Developers.

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