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In 1993 Corcoran Jennison purchased Westminster Company, a 20 year old subsidiary of Weyerhauser Company and added 5,000 multifamily housing units of mostly federally assisted housing to its portfolio.
With offices in Greensboro, NC and Columbia, SC since 1993 Westminster has grown to 6,000 units, providing new fee management, development and acquisition opportunities for both Westminster and Corcoran Jennison Companies.
Today, Westminster Company is valued over $180 million, and consists of 70 properties in North Carolina, South Carolina and Virginia
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