Elm Street Development
- Company typePrivate
- Founded1977
- HeadquartersEllicott City, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
Elm Street Development firmographics
Firmographics- Name
- Elm Street Development
- Legal name
- Elm Street Communities
- Website
- https://elmstreetdev.com
- Company type
- Private
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Where Elm Street Development is headquartered
LocationHeadquarters
- HQ city
- Ellicott City
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Elm Street Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Lot Sales to Homebuilders: Elm Street acquires land, develops master-planned communities with infrastructure and amenities, and sells finished lots to national and regional homebuilders such as NVHomes, Ryan Homes, Richmond American Homes, D.R. Horton, and Craftmark Homes. Revenue is generated through lot sales as communities are developed and sold.
- Apartment Management: Through their subsidiary Legend Management Group, Elm Street manages apartment communities branded as 'The Elms' providing luxury apartment living with resort-style amenities. This provides ongoing property management revenue streams.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Elm Street Development product offering
Product offeringCore offering
Elm Street acquires raw land, performs environmentally sensitive master planning, and develops entitled residential communities with infrastructure and amenities across the Washington-Baltimore-Philadelphia corridor. The company sells finished lots to national and regional homebuilders and, through its Legend Management Group subsidiary, manages luxury apartment communities branded as The Elms, providing ongoing rental and property management revenue.
Product overview
Elm Street Development (also known as Elm Street Communities) is a real estate development company that creates residential communities across the Washington-Baltimore-Philadelphia region. The company's product portfolio consists of multiple community developments organized into three categories: (1) Now Selling communities including single-family homes (Abrams Pointe, Meadow Springs), 55+ active adult communities (Bethany Glen, Cromwell Active Adult, Gerst Farm), mixed-use communities (Greenleigh, The Grove, Clarksburg Town Center), and luxury apartments under the Elms brand; (2) Coming Soon communities with new developments in Virginia, Maryland, and Pennsylvania; and (3) Recently Completed communities totaling over 50 developments. The company also operates The Elms apartment brand offering luxury rental living. Their communities range from age-restricted neighborhoods to family-oriented developments to urban village concepts, with amenities including clubhouses, trails, pools, marinas, and natural open spaces.
Differentiator
Problem solved
Functional benefit
Brands
- The Elms: Award-winning apartment communities providing convenient, carefree living in amenity-rich settings close to major employment centers.
Products and services
- Master-planned for-sale residential communities (lot development and sale to homebuilders) Elm Street acquires land, performs environmentally sensitive master planning, and delivers entitled, amenity-rich residential communities across the Washington-Baltimore-Philadelphia corridor, selling finished lots to national and regional homebuilders who construct and sell homes to end buyers. Portfolio spans Now Selling developments such as Abrams Pointe, Bethany Glen, Gerst Farm, and Greenleigh.
- The Elms apartment brand (luxury rental communities) Award-winning apartment brand offering convenient, carefree living in amenity-rich settings close to major employment centers throughout the Washington-Baltimore region. Operated apartment communities include Elms Shady Grove (Rockville, MD), Elms at the Refuge (Laurel, MD), and pipeline locations such as Elms Dunn Loring (Fairfax, VA) and Elms Mount Vernon (Alexandria, VA).
- Landowner land acquisition program Direct outreach program under which Elm Street actively recruits landowners in the Washington-Baltimore corridor interested in selling land for future community development. Driven by a dedicated inquiry form on elmstreetdev.com and direct contact pipeline; enables landowners to monetize property by partnering with an experienced regional developer.
- Apartment property and asset management (Legend Management Group) Property management, leasing, and asset management services for multi-family and commercial assets owned by Elm Street, delivered through the Legend Management Group subsidiary. Manages The Elms-branded apartment communities and oversees Elm Street's commercial and multi-family portfolio as Asset Manager.
- 55+ Active Adult communities (lock-and-leave lifestyle product line) Active adult neighborhoods with maintenance-free villas and single-family homes featuring first-floor master suites, clubhouses, and curated amenities, developed in partnership with builders such as NVHomes and Ryan Homes. Active and pipeline examples include Bethany Glen (Ellicott City, MD), Cromwell Active Adult (New Market, MD), and Gerst Farm (Perry Hall, MD).
- Mixed-use and urban village communities Walkable, mixed-use community developments combining housing with retail, dining, and lifestyle amenities, exemplified by Greenleigh (Baltimore County, MD), The Grove (Montgomery County, MD biotechnology hub), Watershed (award-winning mixed-use), and Liberty (urban village on the historic Lorton Prison grounds, Lorton, VA).
- Waterfront, lake, and resort-style lifestyle communities Specialty residential developments emphasizing water features, resort-style amenities, and natural open space, including Tanyard Shores (waterfront community with marina in Glen Burnie, MD), Lake Linganore (lake lifestyle community with trails), and Philmont (resort-style community with golf, tennis, swimming, and dining in Huntingdon Valley, PA).
Companies that use Elm Street Development
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Elm Street Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Elm Street Development partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- NVHomescoreNVHomes is a regional homebuilder that purchases lots from Elm Street Communities to construct single-family homes and villas. They have built at communities including Bethany Glen in Ellicott City, MD and Gerst Farm in Perry Hall, MD.
- Ryan Homes (NVR Inc.)coreRyan Homes, a division of NVR Inc., is a national homebuilder constructing villa and elevator condos at Elm Street's Cromwell Active Adult community in New Market, MD.
- Richmond American HomescoreRichmond American Homes, a subsidiary of M.D.C. Holdings, builds luxury single-family homes on Elm Street-developed lots at Shelton Woods in Stafford County, Virginia.
- D.R. HortoncoreD.R. Horton is America's largest homebuilder by volume, partnering with Elm Street to construct homes at Shelton Woods community in Stafford County, VA.
- Craftmark HomescoreCraftmark Homes builds homes at The Woods at Occoquan Overlook community in Fairfax County, Virginia on lots developed by Elm Street Communities.
- Legend Management GroupcoreLegend Management Group is Elm Street's apartment management company that manages The Elms branded luxury apartment communities, handling property management, leasing, and asset management for Elm Street's multi-family developments.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Elm Street Development competitors and assessment
Company assessmentDirect peers
- Brookfield Residential: Master-planned community developer that acquires, plans, and entitles land and sells finished lots to homebuilders. Closely mirrors Elm Street's core land-development and lot-sale model, though at a national scale.
- M/I Homes: Regional homebuilder that owns and develops its own land, including Mid-Atlantic communities. Comparable land-banking plus vertical build-to-sale model.
- Five Point Holdings: Master-planned community developer operating large-scale entitled communities. Operates the same fundamental land-development-to-lot-sales business model as Elm Street, with similar exposure to housing-cycle demand.
- Toll Brothers: Luxury homebuilder with significant in-house land development and a strong Mid-Atlantic operating footprint that overlaps directly with Elm Street's Washington-Baltimore-Philadelphia corridor.
- K. Hovnanian Homes: Regional homebuilder with substantial Mid-Atlantic operations and an integrated land-development pipeline. Comparable exposure to Mid-Atlantic housing demand and builder-channel economics.
- Stanley Martin Homes: Mid-Atlantic-focused homebuilder/developer. Direct regional overlap with Elm Street's Virginia and Maryland communities and a similar buyer-segment focus.
- Tri Pointe Homes: Homebuilder that acquired The New Home Company, combining production homebuilding with master-planned community development. Comparable mix of build-for-sale plus planned-community expertise.
- Shea Homes: Master-planned community developer with a Trilogy-branded active-adult line and for-sale homes across multiple states. Comparable product mix to Elm Street's family-plus-55+ community portfolio.
Regional players
- Bozzuto Group: Mid-Atlantic-focused residential real estate company with homebuilding, apartment development, and property management arms. Closely overlaps Elm Street's diversified family-plus-multifamily footprint in the same geography.
Broad incumbents
- The NRP Group: National multifamily developer, owner, and operator active in the Mid-Atlantic. Comparable to Elm Street's apartment side through Legend Management Group, though NRP is multifamily-only and at greater scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Elm Street Development social profiles
Digital presenceElm Street Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elm Street Development leadership team
Management profileNumber of profiles
Profiles7 records
Elm Street Development subsidiaries and ownership
Company hierarchySubsidiaries1 record
Elm Street Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elm Street Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elm Street Development
What does Elm Street Development do?
Elm Street acquires raw land, performs environmentally sensitive master planning, and develops entitled residential communities with infrastructure and amenities across the Washington-Baltimore-Philadelphia corridor. The company sells finished lots to national and regional homebuilders and, through its Legend Management Group subsidiary, manages luxury apartment communities branded as The Elms, providing ongoing rental and property management revenue.
Is Elm Street Development a public or private company?
Elm Street Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Elm Street Development founded?
Elm Street Development was founded in 1977. It employs 101 to 250 people.
Where is Elm Street Development based?
Elm Street Development is headquartered in Ellicott City, United States, in the North America region.
How does Elm Street Development make money?
Two revenue lines are on record. Lot Sales to Homebuilders are the primary driver. The others are apartment Management.
Who are Elm Street Development's main competitors?
Direct peers on record are Brookfield Residential, M/I Homes, Five Point Holdings, Toll Brothers, K. Hovnanian Homes, Stanley Martin Homes, Tri Pointe Homes and Shea Homes. Bozzuto Group is listed as a regional player. The NRP Group is listed as a broad incumbent.
Does Elm Street Development have an API?
No public API is recorded for Elm Street Development.