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Pennrose promotes Jacob Fisher to regional vice president of development
January 18, 2017
Pennrose recently announced the promotion of Jacob Fisher to regional vice president of development to oversee the organization’s development activity in New Jersey. Fisher will lead the execution and growth of Pennrose’s development pipeline within New Jersey, and will be responsible for the realization of production goals that have been defined in the company’s ten-year strategic plan. The role’s business development responsibilities are focused on future development opportunities that meet the company’s defined parameters and are consistent with its long-term growth strategy.
Pennrose has an extensive development track record in New Jersey that includes nearly 60 developments and $1.2 billion of total development cost. Pennrose currently has approximately 1,200 units in its development pipeline for the Garden State.
“Our partner relationships and history in New Jersey have been and will continue to be pivotal in Pennrose’s growth,” said Timothy Henkel, senior vice president of Pennrose Properties. “Jacob has shown time and again his ability to lead development projects in this region to completion, while nurturing the collaborative effort that needs to exist between partners, vendors and internal teams.”
Since beginning as an intern with Pennrose in 2006, Fisher has been promoted up the development ranks to associate developer, developer, and most recently senior developer. He has established a successful track record of working with partners from the public, private, and non-profit sectors to bring development projects to fruition. Two of Fisher’s recent projects are Woodrow Wilson Commons in Long Branch, the 2014 New Jersey Future Smart Growth Award winner and John C. Anderson Apartments in Philadelphia, Pa., one of the country’s first senior LGBT-friendly affordable apartment communities. Prior to Pennrose, Fisher worked on community development in the public sector as an assistant director for policy for the Mayor of Philadelphia. Fisher holds a B.A. from Wesleyan University and a Master’s degree in Government from the University of Pennsylvania’s Fels Institute of Government.
In addition to Fisher’s portfolio, Pennrose has a history of developing award winning communities in New Jersey. Most recently, the Heritage at Alexander Hamilton in Paterson received New Jersey Future’s Smart Growth Award in 2016. Rush Crossing in Trenton was honored with the Governor’s Leading Housing Revitalization Award in 2015. Also in 2015, Pennrose was named Property Management Company of the Year (Affordable) by the New Jersey Apartment Association.