The Bedford Group's regional presence, full service capabilities and financial strength make it a premier urban development firm.
Since its inception, Bedford has been a leader in structuring new and innovative financing strategies for its developments. As opportunities for real estate development have shifted over the last quarter century, The Bedford Group has demonstrated the competence, expertise and agility to capitalize on the changing landscape and successfully navigate through real estate and economic vicissitudes.
During this period, Bedford continued to expand its knowledge and core competency, build a professional qualified staff, and carefully nurture the necessary community ties, political relationships and strategic alliances needed to support its success and growth.
Simply put, Bedford's knowledge, flexibility and eye for new and profitable possibilities have enabled the firm to overcome obstacles to succeed and prosper.
The Bedford Group is sensitive to market trends and carefully manages its financial risks. By remaining lean with relatively low overhead and by sticking with strict investing criteria, the firm has weathered all economic storms. As a result, Bedford has become expert in multi-tiered financing employing conventional construction, bridge and permanent financing, tax credit equity, and governmental agency financing.
Examples of Bedford's financial savvy and business acumen include the following:
- The 1990s saw the most competitive period of tax credit and bond financing for affordable housing. During this period, Bedford was a significant player in developing affordable housing through the use of bonds, tax credits and government assistance.
- Beginning 2000, The Bedford Group was strategically poised to take advantage of its many years of experience and acquired knowledge in housing development to address the needs of an underserved market in the for-sale housing arena for the urban homebuyer. In 2001, Bedford began this quest with the development of the Terra Nova Townhomes in Baldwin Hills, California. The first new development in this community in over twenty years, Terra Nova provided 55 new homeownership opportunities to Baldwin Hills' underserved housing market. Since then The Bedford Group has accumulated a number of new home communities in its development pipeline.
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