The Breeden Company has made a significant impact in Virginia Beach, VA. They've been a major player in the city's development for over 50 years, with a portfolio that includes over 20,000 apartment homes.
Their commitment to quality and customer satisfaction has earned them numerous awards and recognition. They've been named one of the top 50 apartment companies in the country by the National Multi-Housing Council.
Their focus on community development has also led to the creation of vibrant and thriving neighborhoods. The Breeden Company's projects have been designed to meet the needs of a diverse range of residents, from young professionals to families and seniors.
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The Breeden Company's Achievements
The Breeden Company made the 2023 Inc. 5000 list, ranking No. 2,631 out of 5,000 companies.
This is the second consecutive year they've made the list, a testament to their hard work and dedication.
To qualify for the list, companies must have been founded and generating revenue by March 31, 2019, and meet certain revenue requirements.
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The Breeden Company's revenue grew significantly from 2019 to 2022, allowing them to meet the minimum revenue requirements of $2 million in 2022.
Their president and CEO, Tim Faulkner, credits the company's success to the hard work and dedication of every member within their organization.
The Breeden Company is a nationally recognized Virginia Beach-based real estate development firm.
Economic Impact
The Hampton Roads area is experiencing a strong economy, driving growth in the multifamily market. This is evident in the numerous projects being developed by The Breeden Co., including Lake Taylor Pointe, a $43 million multifamily project in Norfolk.
The region's steady economic fundamentals are supporting the growth of the multifamily market. The Hampton Roads metro area gained 10,000 jobs in the 12 months ending in March.
The unemployment rate in the region is remarkably low, hovering at 3.4% in February. This is a decrease of 200 basis points on an annual basis.
The multifamily occupancy rate in the region is extremely high, standing at 98.3% at the end of the first quarter.
Frequently Asked Questions
Who is the owner of the Breeden company?
The Breeden Company is owned by Ramon W. Breeden, Jr., its founder and Chairman of the Board. He is a nationally recognized developer with a successful track record.
Sources
- https://hrchamber.com/news/article/the-breeden-company-makes-inc-magazines-list-of-fastest-growing-american-companies/
- https://www.multifamilybiz.com/pressreleases/17430/the_breeden_company_celebrates_grand_opening_of_24...
- https://www.airnav.com/airport/2VG5
- https://multifamily.today/the-breeden-co-break-ground-on-33m-development/
- https://www.bldup.com/posts/the-breeden-company-hosts-grand-opening-of-the-lofts-at-front-street-firm-s-new-luxury-apartment-community-in-norfolk-va
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