April 14, 2020

CRC Launches Stimulus Program For Team Members to Support Local Restaurants During COVID-19

Recognizing that restaurants have been among the most severely-impacted industry sectors during the COVID-19 crisis, Continental Realty Corporation (CRC) has launched its internal “Eat Local” stimulus program to benefit the company’s more than 300 nationwide team members, as well as eateries contained near its portfolio throughout eight states. CRC, a Baltimore-based real estate investment and management company, owns and manages value-add retail centers and multifamily properties in Maryland, Virginia, North Carolina, South Carolina, Tennessee, Alabama, Georgia and Florida. Founded in 1960, the company is celebrating its 60^th anniversary this year.

Between now and May 15, CRC team members will be reimbursed for up to $200 in receipts for menu items purchased at restaurants throughout the Mid-Atlantic and Southeast regions of the country. Team members are encouraged to order delivery to maintain social distancing and to tip their delivery people as well.

“It is important for our team members to practice social distancing but, at the same time, we feel extremely strongly about initiating a program that benefits our loyal and hard-working team members and supports the restaurant sector,” stated Crystal Frey, Senior Vice President, Human Resources for CRC. “With restaurants reduced to handling carry out and curbside orders, we encourage other companies to follow our lead to minimize the disruption impacting both locally-owned and nationally-operated locations.”

Tom Bosley, Maintenance Supervisor for Ridge Garden Apartments in Parkville, has already taken advantage of the stimulus offer to support Cheezy’s Pizza in Towson. “I am extremely happy to support my local restaurants during these difficult times, and a big thank-you goes out to my employer, Continental Realty Corporation (CRC), for encouraging people to Eat Local,” Bosley said, who recently purchased a dinner meal for his family. “CRC is encouraging team members to treat families, friends, front line workers or first responders with the $200 they are providing us. The choice is mine and I am feeling very thankful and grateful.”

Continental Realty Corporation (CRC) is focused on acquiring value-add retail and multifamily properties located throughout the Mid-Atlantic and Southeast regions of the United States. Headquartered in Baltimore and founded in 1960, CRC is a full-service commercial real estate and investment company. The privately-owned firm owns and manages a diversified portfolio of retail centers consisting of more than 5 million square feet of commercial space, as well as almost 10,000 apartment homes. Positioned throughout the Mid-Atlantic and Southeast regions, the portfolio’s value exceeds $2 billion. For additional information, visit www.crcrealty.com.

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