CLIENT SUCCESS STORY
Pennrose
Since 1971, Pennrose has improved the lives of working families by developing safe, vibrant housing communities. Its legacy includes the neighborhoods it enhances, the residents it serves, and the employees who uphold its core values. Pennrose holds a national reputation for excellence in real estate development and multifamily property management.
Products featured
The benefits
Pennrose gains complete connectivity across staff and departments, creating seamless collaboration. Residents see digital conveniences that simplify daily interactions. The organization experiences stronger reporting capabilities through shared data.
The company
Pennrose has a national reputation of excellence in real estate development and multifamily property management. Founded in 1971, Pennrose has a mission to improve the lives of working families by creating safe, secure housing communities. Pennrose has demonstrated an exceptional ability to develop and manage high-quality, affordable, conventional, mixed-income, mixed-use and master planned communities.
The challenge
Doing everything with a single-vendor solution
Pennrose requires a complete solution to support the work of a vast and growing team of property management professionals spread across the country working with complex affordable housing compliance programs.
The solution
Yardi Affordable Housing Suite
The Yardi Affordable Housing Suite offers connected solutions for all of Pennrose’s property management, finance and affordable housing compliance teams.
The story
Pennrose has been a Yardi client for decades. Its use of Yardi products and services has grown in scale with the growth of its number of properties and regions served in the United States.
Managing diverse portfolios
The Pennrose portfolio of properties includes affordable housing, multifamily, PHA properties and mixed-use housing, and commercial buildings. Sam Lopez, director of Yardi systems for Pennrose, relies on Yardi’s support and innovation to keep up with evolving industry mandates and expectations of modern renters.
Integrating every department
Pennrose’s use of the Yardi Affordable Housing Suite include Yardi Aspire for team learning management, RentCafe Affordable Housing for property marketing and online certifications, Yardi RightSource for third-party certification file audits and many other accounting and property management solutions.
“Every department is fully integrated with Yardi,” says Lopez.
Embracing digital change
Pennrose acknowledges that the current property management industry oversights requires everything to be digitized, including affordable housing and PHA reporting to HUD. In spite of the transformation of industry workflows, Lopez expects his team to not only keep up with change, but also to excel.
“We’re not letting new mandates slow us down. With Yardi, digitized workflows aren’t costing us more time, they’re making us more efficient by connecting everyone working in one system,” says Lopez.
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