eNewsroom for: Somerset Development Company

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Somerset Development Company Company Profile

Founded by Jim Campbell and Nancy Hooff in 2000, Somerset specializes in revitalization of urban communities, developing and preserving affordable housing, renovating historic properties, and mixed use properties which strengthen communities in transit oriented locations. Somerset, with a strong record of partnering with tenant associations, community organizations and local businesses, has a portfolio of $429 million with over 1,750 residential units in Washington and Baltimore of projects completed or under development. To develop Channel Square, Somerset Development has teamed with New Community Partners, LLC, founded by Bill Whitman with over 30 years in real estate development and finance, specializing in public-private partnerships in DC and other cities.

News from Somerset Development Company:

Somerset Development Company, National Housing Trust-Enterprise Preservation Corporation, Jonathan Rose Companies and the Rose Green Cities Fund Purchase Channel Square Apartments in Southwest Washington, D.C.

A Major Transit Oriented, Sustainable, Mixed-Income Project Planned
WASHINGTON, Dec. 17, 2013 /PRNewswire/ –Somerset Development Company (Somerset) and the National Housing Trust-Enterprise Preservation Corporation (NHT/Enterprise) have created a joint venture to purchase and redev…