SEVERN DEVELOPMENT

Severn Development brings forth the extensive multi-family development experience of its principals to develop discrete real estate opportunities into profitable investments.  Severn has a 30 year history of generating high returns for itself and its clients from every one of its projects. Severn looks for opportunities where there is a significant potential to increase economic value through its local knowledge and development expertise.

The company benefits from the experience of having developed over 5,000 units of multi-family dwellings.  Severn has developed multiple projects in Virginia, Maryland, Delaware and Pennsylvania.  With a focus on development in smaller cities and towns in the Mid-Atlantic region, Severn has thrived by concentrating its efforts on where it has the most experience.

Severn Development provides the following services to its investors and clients:

  • Land acquisition, site selection, assembly and rezoning.
  • Acquisition of existing properties where there is the ability to increase value through market repositioning or upgrading management and improving operations.
  • Development of property in locations where future demand growth is predictable.
  • Structured financing that includes market rate and government programs such as 515, HUD 221D-4, and tax credits.