CONSTRUCTION STARTS ON NEW AFFORDABLE HOUSING COMMUNITY IN LEXINGTON PARK

Lexington Park, Maryland, March 29, 2019 – Conifer Realty is pleased to announce that construction has begun on its new multi-family development, Patuxent Cove, in St. Mary’s County. Patuxent Cove is a 60-unit, affordable apartment community that will play an essential role in preserving income diversity and affordable housing options in Lexington Park. This new community will be located on Pegg Road and will feature one-, two- and three-bedroom apartments. 15 of the apartments will be set aside for Veterans, with referrals for those apartments coming from a local outside agency.

Andrew Hanson, Vice President of Development at Conifer Realty, said, “Patuxent Cove is an important mixed-income development in Lexington Park that will bring much needed, high-quality affordable housing to the community. The spacious and well-planned apartment homes will feature units set aside for Veterans, which will ensure that homes to those who need it most, are provided in Maryland.”

St. Mary’s County Development Corporation (SMCDC) will coordinate and oversee all aspects of resident services programming for the Patuxent Cove community. SMCDC will also work with the Three Oaks Center, a Maryland non-profit, that will refer qualified veterans to Patuxent Cove and assist them through the application process. Specialized care for the Veteran families will be handled by Three Oaks Center as it relates to specific benefits and programs provided by the Veteran Administration.

Viki Volk, President & CEO of St. Mary’s CDC said, “we are pleased to be part of bringing Patuxent Cove to Lexington Park and proud to partner with Conifer on this new development.”

Conifer Realty is excited to expand their presence and participation within the Lexington Park community creating more homes for possibilities in Maryland. Persons interested in this housing opportunity are encouraged to go to www.patuxentcove.com complete the interest list form and you will receive leasing information once it is available. Occupancy is expected as soon as Winter 2019.

For media inquiries about Patuxent Cove, please contact sgorie@coniferllc.com.

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About St. Mary’s County Development Corporation (SMCDC)

Created in 1985, the St. Mary’s County Community Development Corporation (CDC) is a nonprofit agency promoting public and private investment in St. Mary’s County communities. The Corporation seeks to develop community infrastructure projects designed to revitalize and boost investment in commercial and residential neighborhoods.

About Conifer Realty

Conifer is a nationally ranked, full-service real estate company specializing in the development, construction, management and ownership of high-quality, affordable housing communities. Since its inception in 1975, Conifer has grown considerably – currently owning and managing nearly 15,000 multifamily units representing 223 apartment communities in New York, New Jersey, Pennsylvania, and Maryland. In addition, the Company consistently maintains a pipeline of over 30 unique projects in various stages of the development process. For more information, please visit www.coniferllc.com, like us on Facebook at www.facebook.com/coniferrealty and follow us on Twitter @ConiferRealty.