Charlie Adams
President, Development
As President of Development, Charlie Adams is responsible for all aspects of Pennrose’s national development strategy. He oversees a team of senior and regional vice presidents and is responsible for the execution and continued growth of Pennrose’s development pipeline including all aspects of the real estate development process from initial conception through construction, to lease-up and stabilized occupancy or sale. Charlie has 25 years of experience in multifamily housing, including the origination, acquisition, financial analysis, underwriting, and syndication of Low Income Housing Tax Credit developments.
Charlie joined Pennrose in 2016 as Regional Vice President in the New England region and has been instrumental in Pennrose’s expansion across the New England market, growing its footprint to more than 1,250 units across 20 communities. He has significant depth and diverse experience in the multifamily industry with experience working for a housing authority, as a syndicator, and performing development responsibilities.
Charlie served as Town Meeting Member, chaired the Community Planning and Development Commission, and is currently Vice Chair of the Housing Authority Board in his hometown of Reading, MA.
Charlie received his Bachelor of Arts degree from the Princeton School of Public and International Affairs at Princeton University. He also attended Massachusetts Institute of Technology where he earned a Master of Science in Real Estate Development from the Center for Real Estate and a Master of City Planning from the Urban Studies program.