Concord Communities Acquires 379-Unit Southeast Washington, DC Affordable Housing Community
Retrieved on:
Tuesday, February 1, 2022
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Concord Communities, a Washington, DC-based affordable housing owner and developer, has acquired Stanton Glenn, a 379-unit affordable housing community at 3048 Stanton Road, SE in Washington, DC for $39.5 million.
Key Points:
- Concord Communities, a Washington, DC-based affordable housing owner and developer, has acquired Stanton Glenn, a 379-unit affordable housing community at 3048 Stanton Road, SE in Washington, DC for $39.5 million.
- Concords top priority is to improve Stanton Glenn and position it as a comfortable and welcoming affordable housing option in the community, said Mark Rivers, executive vice president of Concord Communities and Lowe.
- The mission of Concord Communities is to provide quality affordable housing, through rehabilitation and new construction, that benefits residents, improves neighborhoods and addresses our critical affordable housing shortage.
- Concord Communities is actively pursuing acquisition and development opportunities to create affordable housing communities in the Mid-Atlantic region.