Somerset Development Company
Real Estate • 
Washington, District of Columbia, United States • 1-10 Employees
Company overview
| Headquarters | 5101 Wisconsin Ave NW, Suite 410, Washington, District of Columbia 20016, US |
| Phone number | +12023632090 |
| Website | |
| NAICS | 522292 |
| SIC | 655 |
| Keywords | Affordable Housing Development, Multifamily Development, Lihtc Projects |
| Founded | 2000 |
| Employees | 1-10 |
| Socials |
Key Contacts at Somerset Development Company
Patrick Mcananey
Development Director, Dc
Rachel Helferd
Director Of Resident Services
Somerset Development Company Email Formats
Somerset Development Company uses 2 email formats. The most common is {first initial}{last name} (e.g., jdoe@somersetdev.com), used 83.3% of the time.
| Format | Example | Percentage |
|---|---|---|
{first initial}{last name} | jdoe@somersetdev.com | 83.3% |
{first name}{last name} | johndoe@somersetdev.com | 16.7% |
About Somerset Development Company
Somerset Development Company, LLC specializes in the revitalization of urban communities. Based in Washington, DC, with an office in Baltimore, MD, Somerset focuses on the development and preservation of affordable housing, as well as mixed income, mixed-use and market-rate residential properties. Undertaking the redevelopment of distressed urban properties that are often seen as liabilities, Somerset works to transform them into assets, while preserving the essence of community. Somerset—a mission-driven, for-profit company—internally subsidizes quality resident services programs in its underserved communities and, wherever possible, combines the renovation and preservation of historic properties with affordable housing and support for local business to achieve comprehensive and sustainable community revitalization. Somerset has a strong record of partnering with tenant associations, community organizations, non-profits, local businesses, and the public sector that share Somerset’s vision. Somerset is committed to smart growth, with an emphasis on transit-oriented and sustainable development, and investment in human capital. Somerset was founded in 2000 by Jim Campbell and Nancy Hooff. Mr. Campbell has over 30 years of experience in real estate development and finance, and Ms. Hooff has over 25 years of real estate, community and international development experience. Somerset is a 51% woman-owned business and is certified in Washington, DC as a Certified Business Enterprise (CBE) and Small Business Enterprise (SBE). Somerset Development Company owns and operates assets valued at over $400 million, with over 2,270 residential units, retail spaces, community buildings, and neighborhood restaurants developed or under development in Washington, DC and Baltimore.
Somerset Development Company revenue & valuation
| Annual revenue | $5,915,804 |
| Revenue per employee | $740,000 |
| Estimated valuation?This valuation is estimated based on industry average for the Real Estate industry and current estimated revenues | $19,000,000 |
| Total funding | No funding |
Employees by Management Level
Total employees: 1-10
Seniority
Employees
Employees by Department
Somerset Development Company has 1 employees across 1 departments.
Departments
Number of employees
Funding Data
Somerset Development Company has never raised funding before.
Somerset Development Company Tech Stack
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Frequently asked questions
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