Pennrose Newsroom

Latest News Releases and Coverage

Check out the latest Pennrose news releases and coverage. Please contact us for more information or to request an interview with a Pennrose real estate development or multifamily housing management specialist.

News Releases

  • Hunt
    Pennrose Properties and Hunt Companies Form Strategic Alliance
    Tuesday, August 15, 2017

    Hunt Companies Inc. today announced that it has successfully closed on an agreement with Pennrose Properties, LLC to acquire a minority interest in the Pennsylvania-based firm.

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  • Montgomery Heights II Groundbreaking
    Groundbreaking for $45.8 Million Montgomery Heights II Celebrated in Newark, N.J.
    Friday, July 28, 2017

    Second phase of multifamily development being constructed in Newark’s historic Central Ward

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Media Coverage

  • Top 50 Affordable Housing Developers of 2016
    Affordable Housing Finance April 11, 2017

    Pennrose Properties, LLC #7 on Affordable Housing Finance's 2016 list of Top 50 Affordable Housing Developers.

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  • Pennrose-led group chosen to develop sprawling city-owned site in Chinatown
    April 10, 2017

    A team led by developer Pennrose has been selected to build a new complex of dwelling units, offices, hotel rooms and shops on the largest remaining parcel of municipally owned land in Center City.

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  • North Hill Poised to Become an Affordable and Market-Rate Housing Hub on Richmond Highway February 15, 2017

    After many attempts over the years, new housing options are poised for a vacant property along Richmond Highway that was originally bought for affordable housing. The Board of Supervisors approved zoning changes to the nearly 35-acre property at the corner of Dart Drive and Richmond Highway.

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