Pennrose Companies

Congratulations to Hot & Tasty Deli for their Grand Opening today at 1:00 p.m. in Meriden, CT. Make sure to stop in!

Congratulations to Hunt Companies, Boulevard Group, Albany Housing Authority and the Pennrose team on the groundbreaking of the Albany RAD Phase I Conversion! The first phase of the initiative will transform four outdated public housing communities in downtown Albany into high-quality #AffordableHousing for families and seniors. #SeniorLiving https://bit.ly/3k5XXIp

Since the start of the #COVID19 pandemic, many of our senior residents have felt isolated and struggled to access everyday necessities, like groceries. Thanks to a collaborative effort from our supportive services team, property teams and United States Cold Storage, Inc. we provided hot meals to more than 140 senior residents in Camden, NJ. Residents also received letters from Letters Against Isolation, an organization that provides letters of hope and encouragement to isolated seniors.

Developing residential communities that are specifically designed to meet the individual needs of the community is integral to the Pennrose mission. In an interview with Multi-Housing News, Pennrose SVP and Principal Tim Henkel discusses how the #seniorhousing industry has been impacted by #COVID19 and where Pennrose sees opportunities for impactful development moving forward. #LGBTQfriendly #HealthcareAndHousing

In a profile in The New York Times, residents of Premiere Residences, the #luxury community situated above New Brunswick Performing Arts Center, share their experience living in New Brunswick. #LuxuryApartments

This bill couldn’t come at a more important time both at a state and a national level. The demand for affordable housing has never been greater. As Pennsylvania legislators prepare to vote on Senate Bill 30, Pennrose President Mark Dambly shares how state housing tax credits could expedite the creation of #affordablehousing with Philadelphia Inquirer.

On Thursday, Harishan Lamba will be presenting as part of the second annual Building Connections Networking and Recognition Reception, hosted by Exploring and Workforce Development - NNJC and Northern New Jersey Council,Boy Scouts of America. The virtual event will bring awareness to and promote the importance of #realestate and skilled trade industries.

On behalf of Pennrose and The Cloud Company, we celebrate the first families moving into their new, beautiful, spacious, energy-efficient homes at Village at Park River in Hartford, CT. We offer our congratulations to the City of Hartford (Hartford 311), Hartford Housing Authority, Connecticut Housing Finance Authority, DOH, and the multitude of development team partners who made this milestone possible. When the redevelopment of the former Westbrook Village is complete, over 400 families will call this re-envisioned, vibrant community home. Thank you and congratulations to all who had a role in making today’s milestone possible.

We are looking for that overlap where our mission and the mission of healthcare providers meet. We are working together to impact people to a greater degree than either of us could do on our own. Pennrose RVP Lasserre Bradley discusses the benefits of integrating #healthcare and #housing in RE Journals.

The collection of census data is crucial for the real estate industry, especially when it comes to funding #affordablehousing developments. SVP Tim Henkel shares how multifamily housing developers like Pennrose utilize census data with Bisnow.

The need for #affordablehousing is greater than ever, which is why many states, like Pennsylvania, are taking action by proposing legislation to create a state housing tax credit. Read more about the benefits of state housing tax credits for low-income and underserved communities in our latest blog post.

In Baltimore, the Pennrose team joined Park Heights Renaissance, community members and city officials to celebrate the groundbreaking of Renaissance Row Apartments. The project will deliver 84 units of #affordablehousing and contribute to the ongoing revitalization of the Park Heights neighborhood.