
Crescent Development
Richmond, VA 0–1 employees 1 principals
Last updated by Kathlene
About Crescent Development
Crescent Development is a real estate operator headquartered in Richmond, VA. Crescent Development operates in Richmond, Virginia. Its investment focus is on Affordable Housing, LIHTC and Multifamily - Core.
Crescent Development is a Richmond, Virginia-based real estate development company focused on affordable housing and community revitalization throughout Virginia’s “Golden Crescent” region. Founded in 2015, the company develops, preserves, and manages housing for low-income individuals and families, with an emphasis on long-term affordability, community impact, and sustainable development practices. Since its inception, Crescent Development has established itself as a specialized developer in the affordable housing sector. Since 2015, Crescent Development and its partners have delivered or currently have under construction more than 2,000 housing units with a combined development cost exceeding $500 million. The company acquires, rehabilitates, and develops residential and mixed-use properties, often working with local governments, housing authorities, financial institutions, and community organizations to advance housing initiatives.
Principals at Crescent Development
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