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Somerset Development Company logo — A socially responsible real estate development company, revi...

Somerset Development Company

A socially responsible real estate development company, revitalizing communities, expanding affordability.

Founded 2000 United States Washington, United States 8 employees Prop Tech, Real Estate

General Information

Company Name Somerset Development Company
Founded Year 2000
Location United States Washington, United States +2
Employees 8
Industries Prop Tech, Real Estate
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About Somerset Development Company

Somerset Development Company is a socially responsible real estate development company focused on revitalizing urban communities and expanding affordability. Founded in 2000 and headquartered in the United States, Somerset specializes in the redevelopment and preservation of affordable housing, mixed income, mixed-use, and market-rate residential properties. The company transforms distressed urban properties into assets while preserving the essence of the community.

Somerset is a mission-driven, for-profit company that internally subsidizes quality resident services programs in underserved communities. Moreover, the company combines the renovation and preservation of historic properties with affordable housing and support for local businesses to achieve comprehensive and sustainable community revitalization. They also have a strong record of partnering with tenant associations, community organizations, non-profits, local businesses, and the public sector that share Somerset’s vision.

The company is committed to smart growth, emphasizing transit-oriented and sustainable development, and investment in human capital. Somerset is notable for being a 51% woman-owned business and is certified in Washington, DC as a Certified Business Enterprise (CBE) and Small Business Enterprise (SBE).

With assets valued at over $400 million, Somerset Development Company owns and operates over 2,270 residential units, retail spaces, community buildings, and neighborhood restaurants in Washington, DC and Baltimore.

The company was founded by Jim Campbell and Nancy Hooff, each having extensive experience in real estate development, finance, community, and international development. Currently, there is no available information on their last investment or investors. Somerset's areas of focus include Prop Tech and Real Estate.

Taxonomy: Real estate development, Affordable housing, Community revitalization, Mixed-income housing, Mixed-use development, Historic property preservation, Smart growth, Transit-oriented development, Sustainable development, Resident services programs, Local business support, Partnerships with community organizations, Women-owned business, Certified Business Enterprise, Small Business Enterprise

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Somerset Development Company Alternatives & Competitors

Somerset Development Company vs
Model Group
Model Group United States

Positively Transforming Communities.

209 employees
Prop Tech, Real Estate
Somerset Development Company vs
The Menkiti Group
The Menkiti Group United States

Real estate services company driven by a mission to transform lives, careers, and communities throug...

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Somerset Development Company vs
Develop Detroit
Develop Detroit United States

Develop Detroit builds vibrant, resilient communities and expands opportunities for all residents to...

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FAQ About Somerset Development Company

A socially responsible real estate development company, revitalizing communities, expanding affordability.
Somerset Development Company was founded in 2000.
Somerset Development Company is headquartered in Washington, United States.
Somerset Development Company operates in the following industries: Prop Tech, Real Estate.
Somerset Development Company has approximately 8 employees.
Top alternatives and competitors to Somerset Development Company include Model Group, The Menkiti Group, Develop Detroit, Holsten Real Estate Development & Management Corporation, Opportunity Home San Antonio. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Somerset Development Company and Model Group are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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