Today's Preston Scheffenacker Properties is the steward of a family real estate legacy that began in Baltimore, Maryland. With a discharge severance pay of $500 from the Union Army, Preston Scheffenacker purchased his first residential property in 1867.
Then, as now, the business has centered on ethical conduct, fiscal discipline, and remarkable innovation. Guided by these principles, the company continues to transform the landscape by improving and re-adapting functionally obsolete buildings and undeveloped land to a higher and better use. Whether it is acquiring land, rehabilitating an existing building, or developing a self-contained mixed use neighborhood, the foundation remains as strong as ever.
This is the story of how value is created and communities are served by the work of real estate development done exceedingly well.