With Three Decades of Expertise in the Multifamily Real Estate Industry, Pennrose Reorganizes Its Development and Management Divisions Into Cohesive Entity

PHILADELPHIA, July 9, 2012 /PRNewswire/ -- Pennrose, a real estate firm servicing multifamily communities for nearly 30 years, announced that it has restructured its development and property management divisions to become even more unified in order to offer the best services possible to its current and future clients.  In striving to become an even better organization, Pennrose realized that there was room to improve the alliance between its development and management entities.  The "We Bring It All Together" campaign accomplishes just that.

The company, which strives to always deliver quality development, proven management and great lifestyles to its clients and residents, has worked on everything from the premier conventional property, The Vue in New Brunswick, NJ, a $150 million multi-use property which is a vital contributor to the development of the city, to the award-winning Saint Luke's Manor, a rehabbed hospital turned affordable senior-living residence in Cleveland, Ohio. 

Pennrose is also expanding its portfolio by pursuing opportunities in the conventional market.  The company currently manages several market-rate communities including Skyline Tower in New Brunswick, N.J., as well as The Reserve at Summerset at Frick Park in Pittsburgh, Pa.

"Pennrose brings a wealth of knowledge and experience in both the development and property management sides of the industry. We know what it takes to develop and manage a successful property–whether it be affordable housing or luxury living," said Mark H. Dambly, President of Pennrose. "We spent three years and significant resources to ensure that we had the right people and systems in place to truly become the industry's single-source solution."

The restructuring has afforded Pennrose's management division the opportunity to hire a diverse group of professionals who have background and experience in conventional and commercial real estate and construction.

The management division has also invested heavily in new services and technology, such as the creation of an asset management department and enhanced accounting services. Pennrose has also added emerging trends analysis, which is vital to multifamily housing owners.

"Our new united front, along with the enriched client offerings will deliver more value than ever before to both conventional and affordable properties and clients. This is an exciting new era for Pennrose," concluded Robert Lampher, President of the management team.

For more information on Pennrose's services contact Steve Black, Business Development Manager at 267-386-8620 or email [email protected].  

About Pennrose
With nearly 30 years of experience, Pennrose combines quality development and proven management to deliver exceptional lifestyle-centered living communities for its residents.  Whether developing its own properties or working with outside partners to manage and maintain an existing property, Pennrose has the superior knowledge and unparalleled dedication to get the job done right.  Pennrose operates both conventional and affordable communities throughout Pennsylvania, New Jersey, Ohio, Maryland, Alabama and Tennessee.

SOURCE Pennrose