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VAMA News
Hampton Roads Chapter Hosts 'Welcome Home Basket' Drive for Moms on a Mission
  
Earlier this year, VAMA's Hampton Roads Events & Education Committee formed a partnership with a local nonprofit called Moms on a Mission, which provides "welcome home baskets" to those transitioning from homelessness to permanent accomodations. Over the course of May - July, over 90 member communities collected an entire box truck's worth of donations and over $7,000 for Moms on a Mission.
2022 Salary Survey Available Now!
  
In 2022, the Virginia Apartment Management Association (VAMA) hired J. Turner Research to conduct a survey of compensation and benefits offered to personnel in the apartment industry. Over 45 companies throughout Virginia participated, and the results are in! All participating companies received a FREE copy of the survey, which is also available for purchase by non-participating companies. 
Volunteer as an Apartment Industry Leader at the National Level!
The National Apartment Association (NAA) is seeking volunteer leaders to serve on their various committees in 2023. 
Accepting Speaker Proposals for 2023 VAMACON
  
Is there a professional speaker you'd like to see at next year's VAMA Conference? Have them submit their proposal today!
Is your parking lot in need of re-paving or repair?
A - 1 Asphalt Paving & Sealing
A1 Asphalt has the equipment and the experienced crews to complete your paving project with minimal disruption to your tenants. We service properties statewide and specialize in:
 
- Asphalt milling and re-paving
- Parking lot resurfacing and repairs
- Crack fill, sealing, re-striping and signage
 
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Please call today for a professional onsite evaluation and paving needs
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Virginia Housing Development Authority
Build Your Skills
  
Announcing Central Virginia Mini Con
Registration is NOW OPEN for the annual Central Virginia Mini Con! Learn about relevant content from industry speakers including Toni Blake, Chris King-Dye, Charlotte Piscotta and more, plus learn about valuable products and services at the trade show. Mark your calendar for October 13!
NAA Hosting IRO Summit for Independent Rental Owners
This FREE virtual event is September 8, 2022, and will feature education, legislative updates, networking, prizes and giveaways.
Resident Experience Trends for 2023
Convenience, flexibility, heatlh and wellness, sustainability and artificial intelligence are top-of-mind for renters of tomorrow. 
Multi-Family. It's what we do. Since 1952.
Reico Kitchen & Bath®
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  • Service before, during and after the sale.
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VAMA Governance Meetings
10
Aug 2022
 
VAMA | CVA Subcommittee Meetings
9:00 AM Events & Education Committee
1:00 PM Supplier Council
25
Aug 2022
 
VAMA | HR Events & Education Committee Meeting
 
Belfor USA
Virginia Housing Development Authority
Development News
Fredericksburg: Bonaventure Begins Phase II of New Community
Palmer's Creek, near Spotsylvania Regional Medical Center, will total 400 units at completion. Phase I, consisting of 200 units, is nearly complete, and the company just began contstruction on Phase II with expectations to deliver at the end of 2023. 
Newport News: Colony Square Sold for Close to $10M
The 92-unit community on 4.82 acres was sold for $9.75 million. The new owner is planning extensive renovations.
Norfolk: 104-Unit Community Sold for Over $12M
Valore at Southern Park sold to Cleghorn Capital for $12.8 million. The 5.04-acre property was built in 1964 and reonvated in 1999.
Norfolk: Plans to Redevelop Hospital Into Apartments
Marathon Development is under contract to purchase the DePaul Medical Center in downtown Norfolk, with plans to turn it into apartments and a possible multi-use aspect. 
Richmond: 1926 Multifamily Asset Sold For $3M
The 18-unit community, built in 1926, is located on W. Grace Street and sold for $3.3 million. 
Richmond: Seven-Story Community Coming to Willow Lawn
A mystery developer is planning a seven-story multifamily project at the 1-acre site of 1960s-era office buildings. The development will have 150 apartments and ground-floor commercial space.
Richmond: The Trails at Short Pump Sold For $89M
Capital Square recently acquired The Trails at Short Pump, located on Acadia Lane, for $89.2 million. The 350-unit community, which is 98% occupied, will receive unit renovations at turnover. 
Virginia Beach: Luxury Apartments to Replace Concrete Mountain
The sizable pile of broken concrete behind Dunn Demolition off Witchduck Road, will soon be removed to make way for 400 luxury apartments. The Breeden Company intends to purchase the 12-ace site and develop six five-story buildings of one-, two-, and three-bedroom apartments along with class A amenities.