JONATHAN ROSE OPENS NEW OFFICE IN SUBURBS OF CLEVELAND

(New York – May 1, 2017)Jonathan Rose Companies, a leading affordable housing real estate development, investment and project management firm, has announced the opening of its new Freedom Square office in Independence, Ohio.

Following the purchase of Forest City Realty Trust’s Affordable Housing Business in March 2017, Jonathan Rose Companies evaluated the needs of the two business lines based in Ohio – Rose Community Management and Rose Community Capital – and decided that a new, expanded space was needed to strengthen and grow the overall company. 

The new office, located in the suburbs of Cleveland, was recently renovated to offer an open space concept to foster collaboration. An onsite café was also added for employees to enjoy an array of food and beverage options, which will also serve as an alternative collaborative meeting space. Jonathan Rose Companies is currently recruiting for six open positions at the new office, slated to officially open May 8, 2017.

“It is our philosophy, as a company, that by fostering a work environment that is engaging and supportive, we will not only create a truly collaborative environment, we will watch our talent capabilities grow. It is why we do not have an HR department, rather one that is called People Services,” said Angelo Pimpas, President, Rose Community Management. “It is important to see our employees thrive so that they can, in turn, help the residents of our communities’ flourish.”

“The opportunity to work with Jonathan Rose and be a part of the amazing company he created is a true honor,” said Melanie Lucas, People Services, Jonathan Rose Companies. “Jonathan Rose Companies has a stellar reputation for making a difference in the communities that they touch. After spending 15 years with Forest City in Ohio, I know our communities well and they will certainly blossom under the new company’s ownership.”

Rose Community Management will continue to build upon Forest City’s reputation for quality management, while adding Jonathan Rose’s focus on green buildings and building Communities of Opportunity. The recent acquisition more than doubled Jonathan Rose Companies’ total affordable unit count to nearly 15,000 owned and under development/contract in 13 states and the District of Columbia.

Jonathan Rose Companies’ goal is to take each of the properties through the Enterprise Green Community Program, facilitating capital improvements aimed at achieving measurable reductions of energy and water use and climate impact. An increase in social programming at each asset to improve the lives of its residents is at the forefront of the plan. In order to achieve its goals, the company will be recruiting a variety of new members to the team.

About Rose Community Management:
Rose Community Management is a mission-based company that currently manages in excess of 8,000 affordable and mixed income projects nationally. The company is based in Independence, Ohio. Rose Community management t is committed to creating a positive and inclusive culture where people can openly share ideas, collaborate, challenge one another, learn from their experiences, and are rewarded for their hard work. The company is proud of the dedication of its senior team, who on average, have been with the company for 20 years.

About Jonathan Rose Companies LLC:
Jonathan Rose Companies, Inc. is a seasoned real estate investment, development and project management firm whose mission is to repair the fabric of communities. The firm is nationally recognized for its ability to achieve visionary goals through practical, duplicable strategies. The firm acquires, develops, and acts as a consultant to assist not for profits with transit-oriented, green, mixed-income residential, innovative office, civic, education and health serving projects. Jonathan Rose Companies has developed or acquired more than $2.3 billion of real estate projects from offices in New York, Connecticut, Colorado, the Pacific Northwest and New Mexico. For more information, visit
www.rosecompanies.com.