Westbrook Development Corporation
2–10 employees 5 principals
Last updated
About Westbrook Development Corporation
Westbrook Development Corporation is a real estate operator. Westbrook Development Corporation operates in Portland-South Portland, Maine. Its investment focus is on Affordable Housing, LIHTC and Multifamily - Ground-up.
Westbrook Development Corporation was founded in December 1987. It operates as a non-profit affordable housing developer in Maine. The organization focuses on preserving and expanding affordable rental housing for low-income individuals, seniors, and families. It manages development and renovation projects, often converting public housing into long-term affordable housing. Since 2013, the corporation has converted 58 apartments at Riverview Terrace and 25 apartments at Larrabee Woods into affordable housing, preserving long-term affordability through HUD’s RAD program. It has also completed the 38-unit Dr. Arthur O. Berry senior housing development. As of April 2025, Westbrook Development Corporation has a pipeline of 333 new housing units across multiple municipalities ready for development. Total revenue in 2023 reached $1 973 842.
Principals at Westbrook Development Corporation
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5 principals on file
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Recent activity at Westbrook Development Corporation
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Westbrook Development Corporation's project portfolio
10 projects on file · Multifamily (9), Single-Family / For-Sale Residential (1)
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Markets and themes
Markets Westbrook Development Corporation operates in
Investment themes at Westbrook Development Corporation
- Affordable Housing
- LIHTC
- Multifamily - Ground-up
- Multifamily - Value-Add
- Senior Housing
- Workforce Housing
Capabilities
- Construction Management
- Environmental Remediation
- Mixed Use
- Public-private partnerships
- Site Development
- Transit-oriented development
- Urban infill
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Frequently asked questions about Westbrook Development Corporation
- What does Westbrook Development Corporation do?
- Westbrook Development Corporation was founded in December 1987.
- What markets does Westbrook Development Corporation operate in?
- Westbrook Development Corporation is active in Portland-South Portland, Maine.
- How many employees does Westbrook Development Corporation have?
- Westbrook Development Corporation has 2–10 employees.