CDP’s 2023 Annual Report
April 1, 2024
We’re thrilled to unveil our latest Annual Report, showcasing our accomplishments and milestones throughout the year!
In 2023, we embarked on the closure and construction of three new projects while celebrating the grand openings of six others. We saw a decrease in closings and a tempering of our pipeline, but took deliberate steps to hone our acquisitions criteria and seek new opportunities that align with our strategic plan goals. This lead to projects in new cities and states—from Hood River, Oregon to Aurora, Colorado. We returned to our Arizona roots and are thrilled by the emerging partnership with the City of Tempe.
While numerous headwinds on operations and development across the industry remain, we continue to adapt to the changing landscape, and are grateful for our CDP team of superstars. Looking forward to 2024, we are excited for a record number of lease-ups and conversions, alongside the continuation of projects already underway. We’re proud to see that our resident impact has continued to strengthen and evolve through robust supportive services and programming.
Our vision for the future is a world of thriving, equitable communities, and we can’t do this work without your support and belief in what we do. To our many partners, colleagues, team members and friends, thank you for another great year of partnership!
