What Does Pennrose Do?

Total employees1500
HeadquartersPhiladelphia
Founded1971

Pennrose is a leading real estate development and management company specializing in creating high-quality, affordable, mixed-income, and conventional multifamily housing. With a mission to transform communities and enhance the lives of residents, Pennrose combines expertise in development, construction, and property management to deliver sustainable and impactful housing solutions across the Eastern and Midwestern United States. They focus on collaborative partnerships with local communities and stakeholders.

Where Is Pennrose's Headquarters?

HQ Function

Serves as the central hub for strategic planning, corporate administration, development oversight, financial operations, and support for regional property management activities.

Notable Features:

The headquarters is situated in a modern office building, designed to facilitate collaboration and reflect the company's commitment to quality and professionalism. Specific architectural details are not widely publicized but are likely contemporary and functional.

Work Culture:

Pennrose fosters a collaborative and mission-driven work culture, emphasizing teamwork, integrity, and a commitment to community development. Employees are often passionate about making a positive impact through affordable housing initiatives and the company has been recognized as a Top Workplace.

HQ Significance:

The Philadelphia headquarters is significant as it anchors Pennrose's extensive operations across multiple states, guiding their mission to develop and manage quality housing and supporting a large portfolio of properties.

Values Reflected in HQ: The headquarters likely reflects values such as professionalism, efficiency, innovation, and a commitment to creating quality environments, extending from their properties to their own workspace.

Location:

Pennrose primarily operates within the United States, with a strong presence across the Eastern and Midwestern regions, as well as parts of the Southern United States. Their functions, including property development, construction management, and property management, are focused on serving communities within these areas. They do not currently have a significant international operational footprint.

Street Address:

1301 North 31st Street

City:

Philadelphia

State/Province:

PA

Country:

USA

Where Else Does Pennrose Operate Around the World?

Baltimore, Maryland, USA

Address: 10 E. Baltimore Street, Suite 1111, Baltimore, MD 21202

To oversee local project development, property management, and cultivate relationships with community partners and government agencies in Maryland and surrounding areas.

Boston, Massachusetts, USA

Address: 75 Arlington Street, Suite 500, Boston, MA 02116

To expand Pennrose's presence in the Northeast, addressing critical housing needs through innovative development and management solutions.

Chattanooga, Tennessee, USA

Address: 100 W M.L. King Blvd., Suite 250, Chattanooga, TN 37402

To drive growth and manage affordable and conventional housing communities in Tennessee and neighboring states.

Atlanta, Georgia, USA

Address: 3379 Peachtree Rd NE, Suite 375, Atlanta, GA 30326

To strengthen Pennrose's footprint in key Southeastern markets and deliver high-quality housing solutions.

Buying Intent Signals for Pennrose

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Pennrose? Meet the Executive Team

As of April 2025, Pennrose' leadership includes:

Mark H. Dambly - Chief Executive Officer
Timothy I. Henkel - President
Ryan Bailey - Chief Financial Officer
Cristi L. Resciniti - Senior Vice President, Operations, Pennrose Management Company
Ivy Dench-Carter - Senior Vice President of Development
Lee J. Felgar - Senior Vice President of Operations and Asset Management

Who's Investing in Pennrose?

Pennrose has been backed by several prominent investors over the years, including:

Private Equity firms specializing in real estate
Major banking institutions
Housing Finance Agencies (State and Local)
Syndicators of Low-Income Housing Tax Credits (LIHTC)
Institutional Investors

What Leadership Changes Has Pennrose Seen Recently?

Hire0
Exits0

Pennrose has seen key leadership promotions in the past 12-18 months, strengthening its financial leadership and regional oversight capabilities. Notably, Ryan Bailey was promoted to CFO, and several individuals were elevated to Regional Vice President roles, reflecting internal talent development.

New Appointments:

Ryan Bailey, Ryan Bailey was promoted to Chief Financial Officer, after previously serving as SVP of Finance and Accounting at Pennrose.
Charlie Adams, Charlie Adams was promoted to Regional Vice President, enhancing leadership in his designated region.
Patrick Ginn, Patrick Ginn was promoted to Regional Vice President, taking on expanded responsibilities for regional development and operations.
Amon Martin, Amon Martin was promoted to Regional Vice President, overseeing key projects and strategic growth in his area.

What Technology (Tech Stack) Is Used byPennrose?

Discover the tools Pennrose uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Pennrose Email Formats and Examples

Pennrose primarily utilizes a common email format for its employees, typically combining the first initial and last name. Other less common formats may exist.

[first_initial][last]@pennrose.com

Format

jdoe@pennrose.com

Example

85%

Success rate

What's the Latest News About Pennrose?

Pennrose NewsMay 21, 2024

Pennrose Celebrates Grand Opening of Morahan Meadows Affordable Housing Community for Seniors in Madison, CT

Pennrose, along with project partners, celebrated the grand opening of Morahan Meadows, a new 50-unit affordable housing community for seniors aged 62 and older in Madison, Connecticut. The development addresses the critical need for senior affordable housing in the area....more

Pennrose NewsApril 18, 2024

Pennrose and Partners Break Ground on The Renaissance at Logan Pointe Phase II in Fort Myers, FL

Pennrose, in partnership with the Housing Authority of the City of Fort Myers, broke ground on The Renaissance at Logan Pointe Phase II. This phase will add 120 affordable apartment homes to the comprehensively redeveloped community, continuing efforts to provide quality housing in Fort Myers....more

Pennrose News / Business WireFebruary 29, 2024

Pennrose Named a 2024 Top Workplace USA

Pennrose announced it has been named a 2024 Top Workplaces USA award winner. This recognition is based on employee feedback gathered through a third-party survey, highlighting the company's commitment to creating a positive and engaging work environment....more

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