Pennrose recently announced the expansion of its presence in the southeastern U.S. markets with the opening of a regional office in Atlanta, Ga., to support the development activities currently active and planned in the region. Pennrose has successfully developed more than 15 multifamily properties in Tennessee, Alabama, North Carolina and Georgia. The company has targeted those and other markets for further expansion and growth as part of the organization’s recently completed strategic plan, and currently has nearly 20 projects active in the development pipeline in the region. Mark Straub, regional vice president based in Chattanooga, Tenn., will manage the office, continue to lead all development activities, and provide oversight to the targeted expansion and growth. Straub has been with Pennrose since 2005.
The Atlanta office will be initially staffed by Amon Martin, III, who recently joined Pennrose as senior developer. Amon Martin joined Pennrose in August of 2016 to provide business development in new market areas in the southeast and to manage the organization’s development activities within the region. He has more than 15 years of development experience focused in design, financing, underwriting, master planning, construction and acquisition. He most recently was senior development director with Integral Group where he contributed to deal generation and assisted in the development of the company’s affordable assisted living business model.
