Peabody Properties partners with Lawrence CommunityWorks to oversee management of housing portfolio

Lawrence, MA Peabody Properties, an affiliate of The Peabody Companies, has been selected as the management firm for Lawrence CommunityWorks (LCW).

Established 40 years ago to address the pressing need for affordable housing, LCW has remained steadfast in its commitment to strengthening the city. Through decades of community-driven development, the nonprofit has developed or revitalized over 400 high-quality, affordable units, continually expanding its efforts to meet the growing housing demand in the city.

Despite these successes, the city’s population growth continues to exceed the pace of affordable housing development. In response to this growing need, LCW initiated a search for a seasoned and trusted management partner to oversee its residential communities.

“We’re excited to partner with Peabody Properties, a respected company whose expertise and values align with our mission to build a stronger and more inclusive Lawrence,” said Jessica Andors, executive director of Lawrence CommunityWorks.

“Lawrence CommunityWorks has built an impressive legacy of community-driven development and we’re proud to support their continued impact and uphold their mission of empowering residents and fostering community revitalization,” said Melissa Fish-Crane, principal and CEO of The Peabody Companies.

Peabody Properties assumed management of LCW’s housing portfolio beginning January 1^st.