HRED
Purchases or controls the site, signs acquisition and loan documents, owns the property directly or through a project entity, manages any required improvement work, and carries the real estate risk.
For-profit real estate acquisition & ownership · Virginia & Missouri
Acquire. Own. Improve. Operate.
Haskins Real Estate Development LLC acquires multifamily and apartment buildings—including conventional properties already in operation—as well as distressed, vacant, foreclosed, stalled, and commercial assets with a viable ownership plan. Properties are acquired for HRED’s own account or through project entities; HRED does not provide redevelopment services to third-party owners.
The operating model
Buy the right property. Improve it when necessary. Build long-term value.
The company is organized around one purpose: acquiring and owning real estate, assembling transaction-specific funding, operating the property, and completing rehabilitation or redevelopment only when the acquired asset requires it.
Acquire income-producing or value-add assets
Source conventional for-sale multifamily, apartment, commercial, and mixed-use assets as well as distressed, vacant, foreclosed, undercapitalized, and operationally weak properties.
Fund the acquisition and ownership plan
Combine eligible debt, equity, seller participation, public programs, incentives, and project-specific partnerships around the property HRED will acquire and own.
Operate, improve, and stabilize
Operate and stabilize the property, completing repairs, rehabilitation, conversion, or redevelopment only when the acquired asset and approved business plan require it.
Property focus
Properties HRED may acquire.
- Stabilized, value-add, or distressed multifamily and apartment properties, including priority 20–50+ unit opportunities
- Vacant, boarded, derelict, code-challenged, and land-bank buildings
- Foreclosure, lender-owned, receivership, and REO properties
- Partially completed or stalled developments where ownership has exhausted capital
- Commercial, institutional, hospitality, office, retail, and mixed-use structures suitable for repositioning or residential conversion
- Occupied assets with deferred maintenance, high vacancy, weak operations, or a credible stabilization plan
The outcome
The objective is durable ownership value. Some acquisitions may already be operating and need no major redevelopment; others may require repairs, rehabilitation, conversion, or a complete repositioning before stabilization.
Each project must survive physical, legal, market, funding, construction, and operating diligence before the company makes a binding commitment.
See the acquisition processFunding & partnership model
Capital and partnerships support HRED-owned transactions—kept in their proper lanes.
Haskins Real Estate Development LLC may use conventional debt, private capital, seller participation, and eligible federal, state, or local resources to acquire and own property. It may collaborate with Haskins Community Development Inc. and other qualified nonprofits only when a HRED-owned or controlled transaction requires resident programs, nonprofit eligibility, a master lease, services, or mission-based operating capacity.
Public agencies
May provide eligible loans, grants, tax credits, abatements, rental assistance, or other resources subject to program rules, competition, approvals, and compliance.
Nonprofit partners
May provide resident services, referrals, nonprofit-only applications, program operations, or a documented leasing role without owning or controlling the developer.
Private partners
Lenders, key principals, equity partners, sellers, contractors, property managers, and co-investors participate under project-specific agreements tied to a property HRED acquires or controls.
Own, represent, or control a property HRED may purchase?
Owners, brokers, lenders, receivers, attorneys, and public entities may present multifamily, apartment, distressed, foreclosed, vacant, or commercial properties for acquisition review. HRED does not accept third-party redevelopment assignments.