Somerset Development Company
Washington, DC 11–50 employees 9 principals
Last updated
About Somerset Development Company
Somerset Development Company is a real estate operator headquartered in Washington, DC. Somerset Development Company operates in Baltimore, Maryland and Washington DC. Its investment focus is on Affordable Housing, Historic Tax Credits and LIHTC.
Somerset Development Company is a private real estate development firm headquartered in Washington, D.C. Founded in 2000, the company brings 26 years of operational experience to the multifamily residential and urban revitalization sectors. The firm specializes in the development and preservation of affordable housing, mixed-use properties, and historic structures. Its core operations focus on transit-oriented locations within underserved urban communities, integrating new construction, major rehabilitations, and community spaces. The organization manages a real estate portfolio valued at $400 million, encompassing over 2,270 multi-family residential units alongside integrated retail spaces and community buildings. Its development strategy utilizes specialized financing tools, including new markets tax credits, historic tax credits, and low-income housing tax credits.
Principals at Somerset Development Company
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9 principals on file
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Recent activity at Somerset Development Company
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Somerset Development Company's project portfolio
5 projects on file · Multifamily (5)
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Markets and themes
Markets Somerset Development Company operates in
Investment themes at Somerset Development Company
- Affordable Housing
- Historic Tax Credits
- LIHTC
- Multifamily - Ground-up
- Multifamily - Value-Add
- Workforce Housing
Capabilities
- Asset Management
- Brokerage
- Construction Management
- Mixed Use
- Public-private partnerships
- Site Development
- Technology-forward
- Transit-oriented development
- Urban infill
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Frequently asked questions about Somerset Development Company
- What does Somerset Development Company do?
- Somerset Development Company is a private real estate development firm headquartered in Washington, D.C.
- Where is Somerset Development Company based?
- Somerset Development Company is headquartered in Washington, DC.
- What markets does Somerset Development Company operate in?
- Somerset Development Company is active in Baltimore, Maryland and Washington DC.
- How many employees does Somerset Development Company have?
- Somerset Development Company has 11–50 employees.