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07/17/2013 - THE BREEDEN COMPANY ACQUIRES PEMBROKE LAKE APARTMENTS

The Breeden Company Acquires Pembroke Lake Apartments

FOR IMMEDIATE RELEASE:

The Breeden Company Acquires Pembroke Lake Apartments

Virginia Beach, VA – July 17th, 2013 – The Breeden Company, one of the Mid-Atlantic’s largest real estate companies, announces the latest addition to its portfolio of residential communities. Pembroke Lake, located off of North Independence Boulevard and Pembroke Boulevard in Virginia Beach, will join The Breeden Company’s robust real estate portfolio. The residential community features studio, one, two and three bedroom apartment floor plans.

Featuring 300 units, Pembroke Lake Apartments will mark the fourth apartment community acquisition within the past several months by The Breeden Company. The $31.2 million investment will add additional value to The Breeden Company portfolio of apartment communities. The acquisition will involve several principal improvements and the implementation of experienced Breeden management teams.

About The Breeden Company


For nearly half a century, The Breeden Company has built a solid reputation in the residential, multi-family, commercial, construction and resort development industries. The company has developed, built and operated over 6,000 apartments with an additional 756 units under construction and 1200 planned units, two million square feet of commercial shopping center, and 1,700 residential homes. The organization’s diverse business model and successful track record has made The Breeden Company a leader in the real estate industry.

Media Contacts:

The Breeden Company

Media Contacts:

The Breeden Company
Barry W. Tomlin
Vice President of Operations and Marketing
The Breeden Company
757-486-1000
Barryt@thebreedencompany.com