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CPDC Hosts Resident Event at Recently Acquired Dove Landing

After several years out of commission, CPDC kicked off summer by reintroducing the swimming pool amenity at its recently acquired Dove Landing community in Virginia Beach.

Just in time for summer, the CPDC real estate team hosted a meet and greet for residents at the newly acquired Dove Landing community to introduce residents to the organization and launch the reopening of an on-property swimming pool.Pool 6-3-16

Acquired in January 2016, Dove Landing represents CPDC’s inaugural redevelopment and investment in Virginia Beach, VA via the Housing Partnership Equity Trust. CPDC is slated to close on the construction and permanent financing for the 318 1-2 bedroom units of affordable workforce housing next year.

The redevelopment of Dove Landing achieves two CPDC strategic goals: market expansion into the Virginia Beach area and development of mixed-income affordable communities.

The recent meet and greet offered Dove residents an opportunity to meet the CPDC and new property management teams, ask questions about renovations and preview a completed, upgraded apartment.

The event also served as a kick-off to the reopening of the community’s swimming pool, which prior to CPDC’s acquisition had been out of operation for years.

Dove 3

“We were able to show residents that we value their  needs by introducing an in-demand amenity–the swimming pool– which  many had been inquiring about for several years,” said Lee Alford, CPDC Real Estate Development Officer. “The event also gave tenants an opportunity to meet senior CPDC and property management staff and to voice concerns about the ongoing renovation. It helped everyone better understand CPDC’s long term vision.”

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