CPDC makes $20.7 million Investment in Workforce Housing in Norfolk, VA CPDC President and CEO J. Michael Pitchford to lead organizational expansion into the Hampton Roads market WASHINGTON, D.C., September 10, 2013 – Community Preservation and Development Corporation (CPDC), a premier nonprofit real estate developer in the mid-Atlantic region,
CPDC Acquires Norfolk Apartment Communities for $20M CPDC’s acquisition of Woodmere Trace, a 300-unit workforce housing property in Norfolk, represents the DC nonprofit’s entrance into the Hampton Roads market. The deal is being financed through the Housing Partnership Equity Trust, or Equity Trust, a social-purpose REIT created to increase
CPDC Makes $20.7 Million Investment in Norfolk CPDC announced a $20.7 million investment in the acquisition a 300-unit housing community in Norfolk, VA. Woodmere Trace, a workforce community, will be fully renovated with completion by the end of 2014.
Norfolk Native’s Company Announces $20 Million Investment for Workforce Housing CPDC announced a $20.7 million investment Tuesday in the acquisition and renovation of Woodmere Trace. This acquisition aligns with CPDC’s strategic plan to expand into Hampton Roads, Richmond, and Baltimore.
CPDC’s Resident Engagement Efforts Lead to Successful Community Event at Wardman Court By Tiffani Berry, Wardman Court Resident Services Manager On August 3, 2013, residents of Wardman Court hosted the “Clifton Street Community Gathering,” a block party that served to both connect property residents with each other and present