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Dodson Property Management Fredericksburg Va

Dodson Property Management Fredericksburg Va – The acquisition adds approximately 325 units to Evernest’s portfolio of multifamily and single-family homes in Virginia, and brings the number of company-managed properties to more than 15,000 across the United States.

“The purpose of this acquisition was to expand our growth within Virginia and transfer a great portfolio managed by an outstanding owner/operator and staff,” Evernest spokeswoman McKenna Keller told Commercial Observer. “Virginia became one of our core markets in June 2022 when we completed our largest acquisition to date, the merger with Dodson Property Management.”

Dodson Property Management Fredericksburg Va

Dodson Property Management Fredericksburg Va

“With a strong and diversified portfolio, we plan to expand our footprint in Virginia due to economic growth in the commonwealth,” Keller said. “Virginia’s population continues to grow and we feel we can provide a desirable product to the most stable communities. The acquisition of RPM Direct is the first step.

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Evernest will not make any material changes to RPM Direct or the properties under management and will maintain the entire RPM Direct portfolio. But it is changing names and offering expanded services such as brokerage, maintenance and HOA management services.

Design and Build · Features: New York City Jessica Tisch, NYC Director of Public Health Composting, Litter, and Yes, Rats By Aaron Short In late June 2022, Dodson Property Management merged to become a national, full-service property and real estate agency. done Estate Management Company with Company. The merger includes Dodgson’s single family property management, small multifamily and association management businesses.

The merger aims to add value to both Dodgson and customers through shared resources, shared values ​​and shared systems.

Duke Dodson said, “We had a vision for our business to grow and realized that scale was necessary to build the best management team in the industry and provide all the resources possible to provide our residents and clients with a quality experience. ” , president and CEO of The Dodgson Companies. “We’ve worked together for many years, so it’s great to take this big step to become one.”

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It is important to note that Dodgson’s management team, operations and ownership/partnership leadership teams will remain in place. Property owners and residents alike experience a seamless transition, retain the same team members they know, and continuously improve processes and systems.

After August 1, 2022, Dodson signs will change to: Dodson customers should also monitor their email for important updates regarding changes to Dodson systems, processes and contact information. However, in the meantime, his regular contact with Dodgson has not changed.

It is based in Birmingham, Alabama and operates in 25 real estate markets nationwide. One of the nation’s largest family and small multi-apartment investment brokers and property management service providers. The company manages more than 11,000 homes for more than 4,100 owners, completes more than 1,000 investment transactions annually, and has been on the Inc5000 list for five of the past six years. More information: .

Dodson Property Management Fredericksburg Va

Dodgson was founded in 2007 as a property management and property management company serving the needs of investor owners and tenants. Today, Dodson Commercial operates the real estate management and brokerage divisions of Dodson Commercial. a real estate development group, Dodson Development; and Short Term Rental Management Department. More information at DodsonDev.com and DodsonCommercial.com.

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If you’re ready to buy or manage an investment property, here are 3 steps to get started: Richmond-based Dodson Cos. With two acquisitions, including the real estate management division of a prominent St. Petersburg developer, Tri-Cities is also expanding its operations in Northern Virginia.

The real estate firm announced Tuesday that it has acquired Plum Street Partners, the property management arm of developer Dave McCormack’s Waukesha Developments, and Patriot Properties, a property management company based near Leesburg.

Patriot’s acquisitions include 175 single-family properties and 3,300 multifamily units managed by Patriot through its Home Owners Association (HOA) management division in 35 communities.

Owner Duke Dodson said the deals take his company into new territory, returning it to its St. Petersburg roots.

Valley View Rd, Fredericksburg, Va 22407

“When I started the company in 2007, one of my first clients was not in St. Petersburg, so we know the market very well,” Dodson said, adding that the company currently has about 1,000 units there. Manages.

Dodson said the Patriot deal came about through connections between the two companies at industry events over the years.

“When the sellers of the Patriot decided they wanted to sell, they contacted us, we discussed it and we reached an agreement,” he said. “We wanted to expand north of Fredericksburg into northern Virginia, and this was a great opportunity to do that.”

Dodson Property Management Fredericksburg Va

The acquisitions are the latest acquisitions on the property management side of Dodgson, which previously acquired Sarasota, Florida-based Polaris Property Management in mid-2020.

Princess Anne St Unit B, Fredericksburg, Va 22401

“Our growth plan is primarily from Virginia to Florida,” Dodson said. “We want to continue to connect the dots between here and Florida.”

As for Plum Street, Dodson said he heard McCormack was interested in selling that part of his company so he could focus more on real estate development.

Weeks before the deal, McCormack’s Walkshaw Development expanded its workload in Petersburg when it purchased the former Wythe Street factory buildings of the Virginia Trunk and Bag Company for $3 million.

“I’m a big fan of Dave McCormack. I think he’s a creative genius, he’s done a lot of great projects, so we look forward to working with him in the future as he continues to develop things. is,” Dodson said. “We’d be happy to handle it.”

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McCormack said Dodson was chosen over other potential buyers when his team decided it was time to offload Plum Street.

“About 15 years ago, we started our real estate management business in St. Petersburg because there were no quality options in the city center. A lot has changed here in the last few years and we felt it was time. “We looked at several fund management companies, but we felt that Dodgson was the best fit professionally and personally. “

Waukshaw’s properties include the 73-unit Bosco in St. Petersburg and the 50-unit Hopewell Lofts in Hopewell.

Dodson Property Management Fredericksburg Va

The management of the previous Walkshaw project, the 223-unit Maten Transfer Lofts, is also part of the acquisition. The property, now owned by Capital Square, which bought it three years ago for $21 million, also has ties to the company, Dodson said.

Kelly Gronau Dodson

“These acquisitions create great relationships like the Dave McCormicks of the world. It’s great for us to acquire a great client like Capital Square,” he said.

The latest deals will increase the company’s headcount from 127 to about 150, according to Dodson. The company manages more than 5,220 single-family homes and apartments in central and northern Virginia and more than 8,000 units under its affiliations, according to a release. Management Department, which has doubled the number of house owners during the last year.

The company’s commercial segment manages 2.3 million square meters compared to 1.7 million square meters at the end of 2020.

In Richmond, Dodson recently contracted the Bookbindery Building at 2201 W. Broad St., adding about 63,000 square feet of space to its commercial management portfolio. The division also added 64,000 square feet of flexible industrial space in Virginia Beach.

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Earlier this year, the company added to its $3.22 million property holdings with the purchase of the 23-unit Mortons Apartments in Richmond. The company also bought the nearby Atrium on Broad building in February for $4.8 million.

Meanwhile, the company is making progress on its ongoing $25 million mixed-use development in Colonial Beach. Construction has begun on the first phase of the project, which includes 11 townhouses, 12 single-family homes, a pool and a golf course. The multi-phase development is slated to include a hotel, office and retail space adjacent to Colonial Beach City Hall.

All memberships are automatically renewed. Get a 1-year membership renewal at the current fee if you log in or [email protected] Richmond, VA., e. Virginia-based Dodson Property Management will merge with three divisions. With the merger, Dodgson’s departments overseeing the management of single-family properties, small multifamily buildings and associations will join Evernest’s portfolio.

Dodson Property Management Fredericksburg Va

Evernest is merging with Dodson Property Management to become one of the nation’s largest real estate and property management companies.

Princess Anne Street, Unit B, Fredericksburg, Va 22401

The merger includes Dodgson’s entire family portfolio of 2,450 units. 1,100 units in the portfolio management department of small multi-apartment buildings; and all association management activities involving 170 associations and 15,000 units. Departments name changed to Evernest.

The merger is Evernest’s largest to date and adds approximately 3,550 single-family homes and small multifamily units to Evernest’s portfolio. The deal adds more than 11,000 single-family homes and apartments to Evernest’s total portfolio nationwide, making Evernest one of the largest single-family and small multifamily businesses.

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