Pennrose Hires Michelle Militello to Lead Asset Management

PHILADELPHIA — Pennrose, a Philadelphia-based developer and operator of multifamily properties including seniors housing, has hired Michelle Militello as vice president of asset management.

Militello will focus on the financial performance and value of the Pennrose portfolio. She will be responsible for analyzing, measuring and reporting on property financial metrics.

For the past 10 years, Militello served as vice president of tax credit equity investments for Bank of America, where she was the senior asset manager responsible for approximately 50 direct LIHTC investments. Her 20-plus years of industry experience also includes roles in community development and portfolio management.

Militello holds an M.B.A. from Fordham University and a bachelor’s degree in business administration from James Madison University.