Pennrose, a developer and manager of mixed-income and mixed-use housing, announced the promotion of Lindsey Samsi to regional vice president. In her new role, Samsi will oversee the firm’s expansive development portfolio and strategic growth across New Jersey, Pennsylvania and Delaware.
Samsi’s promotion comes at a critical time for the Garden State, which faces a shortage of more than 200,000 affordable homes, according to the National Low Income Housing Coalition.
Since joining Pennrose in 2016 as the company’s first assistant developer, Samsi has risen rapidly through the ranks. Most recently serving as senior developer, she has closed more than $500 million in development and delivered nearly 700 housing units. Her work is defined by high-impact, mission-driven projects that revitalize underutilized spaces.
“Throughout her career at Pennrose, Lindsey has demonstrated exceptional leadership, community collaboration, and an unwavering dedication to our mission of community transformation,” Charlie Adams, president of Development at Pennrose said.
One of Samsi’s landmark achievements in the state is One Thompson Avenue in Dover, NJ. This $23.5 million development transformed a former parking lot into a 70-unit, 100% affordable community specifically designed for veterans and active-duty families.
One Thompson Avenue Features:
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Target Population: 50% preference for veterans; 5 units for formerly homeless residents.
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Accessibility: Located near the New Jersey National Guard Armory and Picatinny Arsenal.
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Supportive Services: On-site services provided by Triple C Housing to ensure long-term resident success.
As Regional Vice President, Samsi will now lead a full in-house team of developers, managing every phase of the real estate lifecycle—from initial land acquisition and complex financing to construction and stabilized occupancy.
In addition to the New Jersey market, Samsi has been instrumental in the Sharswood Transformation Plan in Philadelphia and major projects in Tulsa, Oklahoma. Her academic background, with a double major in Geography & Urban Studies and Environmental Studies from Temple University, provides a unique lens on sustainable urban planning that she brings to every Garden State project.
