Overview

Westrum Development Company is a privately held real estate developer and manager of residential communities in the Mid-Atlantic. It uses a vertically integrated model, handling land acquisition, entitlements, design, construction, and in-house property management. Revenue comes from developing and leasing multi-family homes and senior living communities under brands such as Luxor (luxury suburban apartments), ICON (urban lifestyle apartments), and a senior living line offering independent living, personal care, and memory care. Its goal is to grow its Mid-Atlantic portfolio by expanding development and management of multifamily and senior living communities through its in-house expertise and redevelopment of underutilized properties.