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Your Trusted Property Management Partner in the Mid-Atlantic
The Severn Companies has been a leader in full-service property management across the Mid-Atlantic region for over four decades. Specializing in both affordable and market-rate properties, we combine extensive industry experience with certified expertise to deliver high-quality, compliant housing solutions. Our team includes Certified Occupancy Specialists, Housing Credit Certified Professionals, and specialists in federal and state housing programs, ensuring adherence to rigorous standards.With a portfolio of over 110 properties and 4,700+ units, we prioritize client satisfaction through transparent communication, innovative development strategies, and a commitment to community-focused service. Our leadership team brings decades of hands-on experience in real estate development, compliance management, and resident engagement, solidifying our reputation as a trusted partner in sustainable housing solutions.
Services
Property Management
Affordable Housing Development
Market Rate Properties
Compliance Management
Development Services
Resident Services
Pre-Development Consulting
Lease-Up Management
Capital Markets
Maintenance Services
Highlights and features
- We offer 40 years of experience in property management and affordable housing development.
- Our team includes certified specialists in LIHTC, HUD, and USDA Rural Development programs.
- We provide 24/7 on-site maintenance for select properties to ensure resident satisfaction.
- We maintain compliance with federal and state housing regulations across all managed properties.
- Our leadership team has developed over $600 million in housing assets through innovative financing.
Associations and certifications
- HCCP
- C3P
- AJ Johnson Fair Housing Certification
What people say
Exceeded our expectations
Prompt communication
Proactive approach
Industry knowledge
Seamless process
Services
Property Management
Our property management services encompass day-to-day operations, compliance oversight, and resident engagement for multifamily housing. We ensure regulatory adherence while optimizing asset performance through experienced staff and tailored strategies. Our focus on communication and maintenance efficiency supports long-term property value and resident satisfaction.
Affordable Housing Development
We specialize in developing affordable housing through programs like LIHTC, HUD 223f, and USDA Section 515. Our expertise includes securing financing, navigating compliance requirements, and delivering sustainable communities. This service addresses critical housing needs while maintaining financial viability for investors and residents alike.
Compliance Management
Our compliance management ensures adherence to federal and state regulations, including HUD, USDA, and PRAC-811 programs. Certified professionals conduct audits, maintain documentation, and implement best practices to guarantee regulatory alignment. This service mitigates risk and sustains eligibility for funding programs critical to affordable housing operations.
Development Services
From pre-development consulting to project closeout, we manage multifamily housing development projects. Our services include site selection, financing structuring, and construction oversight. Leveraging expertise in LIHTC and government programs, we deliver projects that balance community needs with investor returns through strategic planning and execution.
Resident Services
We enhance resident experiences through community initiatives, on-site amenities, and responsive support systems. Services include 24/7 maintenance, community room access, and partnerships with local agencies to address resident needs. This holistic approach fosters stable, thriving communities aligned with our mission of quality housing solutions.
People
Arthur "Jib" Edwards, Jr.
President
President of Severn Management and Development Companies with 40+ years in affordable housing. Led 60+ partnerships developing $600M+ in assets. Certified in LIHTC compliance and former naval pilot.
Spencer J. Leech, III
Executive Vice President & CIO
Over 35 years in real estate with expertise in asset acquisition, construction, and management. Holds a bachelor's degree in business and computer science from the University of Maryland.
Grant A. Searfoss
VP, Development and Capital Markets
Manages development projects utilizing LIHTC, HUD, and USDA programs. Serves on the Maryland Affordable Housing Coalition Board. Holds a Master's in Real Estate Development from Georgetown University.
Karyn Baust
Chief Operating Officer
23 years of leadership experience, including 19 in affordable housing. Oversees daily operations for 100+ properties. Certified in HUD, USDA, and LIHTC programs with expertise in compliance and redevelopment.
Christopher "Kit" Vallhonrat
Chief Financial Officer
Directs financial operations with 25+ years in leadership roles. Holds an MBA from Drexel University and a degree from the U.S. Naval Academy. Manages accounting, HR, and business strategy for the company.
Questions
What services does The Severn Companies offer?
We provide full-service property management, affordable housing development, compliance oversight, and resident support services across the Mid-Atlantic region.
Do you manage both affordable and market-rate properties?
Yes, we specialize in managing both affordable housing programs and market-rate properties, ensuring quality solutions for diverse resident needs.
What areas do you serve?
We operate in Delaware, Maryland, Virginia, and West Virginia, focusing on the Mid-Atlantic region's housing markets.
How experienced is your team?
Our leadership team has over 150 combined years of experience in real estate development, compliance, and property management, with certifications in LIHTC, HUD, and USDA programs.
Do you offer 24/7 maintenance services?
Yes, select properties like Pleasant Manor Apartments provide on-site 24-hour maintenance to address resident needs promptly.
