Atlantic Development

About Atlantic Development

Atlantic Development is a real estate operator. Atlantic Development operates in Denver, Colorado, Phoenix, Arizona and Tucson, Arizona. Its investment focus is on Affordable Housing, LIHTC and Senior Housing.

Atlantic Development & Investments, Inc. is a privately held real estate firm specializing in the investment, development, and management of affordable housing. Founded in 1978, the company is dual-headquartered, maintaining its primary corporate office at 15957 N. 81st Street in Scottsdale, Arizona, alongside a regional operating office at 3 Charter Oak Place in Hartford, Connecticut. The enterprise has completed 48 years of continuous operation within the affordable housing sector under the executive leadership of founder, President, and CEO Mark D. Breen. The corporation concentrates its business model across three primary segments of the residential market: affordable family housing, mixed-income communities, and specialized senior housing. Its development pipeline is heavily driven by the Low-Income Housing Tax Credit (LIHTC) program, with operations spanning new construction, extensive apartment rehabilitation, and complex tenant relocation management. The firm often steps in to preserve and stabilize allocations from other applicants who are unable to successfully navigate the financial or regulatory complexities of the tax credit process. The organization's geographical footprint centers predominantly on Arizona, where it has built a reputation as a leading producer of tax credit-driven housing. In Arizona alone, the company has developed approximately 3,000 LIHTC units. Currently, its operations oversee a stabilized portfolio of roughly 11 active communities comprising approximately 1,540 apartment units across 7 distinct cities. Prominent assets in its production pipeline include family-centric developments like Avalon Villas in Phoenix and integrated supportive housing projects like The Reserve at Thunderbird II. A core component of the firm's development strategy is the integration of green building features to maximize long-term sustainability and lower utility burdens for residents. Standard technical specifications across its new construction and rehabilitation properties incorporate solar photovoltaic systems designed to offset a percentage of common-area electrical usage, cool roofs, energy-star appliances, energy-efficient lighting fixtures, localized water conservation systems, and regional xeriscaping.