A&R Development Corp.

About A&R Development Corp.

A&R Development Corp. is a real estate operator headquartered in Baltimore, MD. A&R Development Corp. operates in Baltimore, Maryland and Washington DC. Its investment focus is on Affordable Housing, Hospitality and Multifamily - Ground-up.

A&R Development Corp. is a real estate development and investment firm headquartered at 1040 Park Avenue, Suite 300, in Baltimore, Maryland. Founded in 1977 by Chairman and CEO Theo C. Rodgers, the company operates with a veteran executive leadership team—including Principal and Co-Owner Marjorie Rodgers Cheshire—specializing in urban revitalization, investment management, and inclusive community-driven growth across the mid-Atlantic region. The firm's operating platform covers commercial, residential, and mixed-use asset classes, alongside specialized real estate investment funds. Its comprehensive service scope spans strategic land acquisition, financial structuring, zoning entitlements, project management, and asset operations, with a core mission focused on bridging market-rate development with community equity, social responsibility, and long-term sustainability. With nearly five decades of operating history, A&R Development has built a robust regional portfolio comprising over 50 completed projects representing a construction value exceeding $900 million. Its developments have delivered more than 7,800 residential housing units—spanning affordable, workforce, and luxury options—alongside over 500,000 square feet of commercial space designed to catalyze economic vitality throughout the Maryland market.

Principals at A&R Development Corp.