Driving the company's growth is its heightened focus on developing upscale, market-rate rental communities and luxury condominiums, in addition to the affordable rental communities the company has developed since its inception.
Last year, The Cornerstone Group, founded in 1993, developed 2,937 units. The percentage of market-rate units started in 2002 grew by 10%, compared with the year before.
"Our corporate goal is to steadfastly remain on the forefront of providing the most innovative, highest quality, but most efficient multi-family housing," Stuart I. Meyers, chairman of The Cornerstone Group, says in a statement.
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