While
PPM Homes specializes in off-campus housing
for Ithaca College and Cornell students, many of our apartments
are suitable for working people and families. In fact, about
forty percent of our apartments are occupied by non-students,
including faculty and other professionals. Over the past twenty
years PPM has gained a reputation in Ithaca as a leading source
of safe, comfortable and affordable housing. |
| History
PPM Homes was founded in 1985 by Peter Penniman.
As a building and renovation contractor at the time, Peter
bought an older “fixer-upper” home in downtown
Ithaca so that his crew would have work throughout the winter.
When the project was complete, Penniman decided to rent the
place rather than sell it. That led to similar projects in
later years, and soon managing apartments became a year-round
activity.
In 1995 Peter began working with local property owners Ed
Cope and Jan Klotz. The business has continued to grow, focusing
on older homes in the City of Ithaca. By renovating these
houses and preserving their unique architectural features,
PPM Homes has gained a reputation as a
great place to find a nice historic home with modern amenities.
The business currently manages about 160 apartments at approximately
40 locations in and around the City of Ithaca.
In 2001, Penniman, Cope and Klotz received the City of Ithaca
“Pride in Ownership” Award. They continue to aggressively
pursue projects that may someday earn them a second award.
Peter Penniman and Ed Cope are also involved with public service
as elected officials. Penniman serves on the Tompkins County
Legislature, and Cope serves on the Caroline Town Council.
|
