Pennrose Ranked No. 1 on Affordable Housing Finance’s Top 50 Developers List for 2012!

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Pennrose, a leading real estate development and management company, was recently named one of Affordable Housing Finance magazine’s Top 50 Developers. Making the #1 spot, Pennrose broke ground on 1070 units in 2012.

Over the past year, Pennrose has maintained the consistent growth of its portfolio. The company expanded current developments through the construction of additional phases, while diversifying into new markets and products, including their first development in Connecticut be ranked on Affordable Housing Finance’s list again this year and to have moved up three spots from 2011,” said Mark H. Dambly, President of Pennrose. “Our employees and partners work diligently each and every day. I am very proud of the time and dedication they’ve put into making.

“We are thrilled to see these affordable developments happen.”

Kelly & Close is proud to have developed subdivision and land development plans for Pennrose’s “Fairgrounds” site.

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