Last month, the Virginia Court of Appeals clarified the CARES Act's 30-day notice requirement in the Woodrock River Walk v. Rice and Andrade case, ruling that housing providers do not breach this rule by initiating eviction before the period expires, as long as no writ of eviction is executed within 30 days.
We’re excited to welcome the dedicated individuals who’ve volunteered and been selected to join the VAMA Board and Committees for 2025! These leaders play a crucial role in advancing our organization’s mission, and their commitment is essential to our continued success. We thank them for their time and service.
We also want to express our gratitude to everyone who applied. With nearly 200 applications, the selection process was incredibly competitive, and we are truly appreciative of each person’s willingness to serve and support our mission. Thank you for your passion and dedication to VAMA!
|
The Roanoke Lynchburg Community Engagement Team held a donation drive to support the SPCA, collecting essential items for animals in need. On November 1, team members gathered donations from multiple community locations and delivered them to SPCA facilities in Lynchburg and Roanoke.
The Hampton Roads chapter of the Virginia Apartment Management Association proudly hosted the 12th Annual Apartment Community Excellence (ACE) Awards on the evening of October 11, 2024, at the Hilton Norfolk THE MAIN. This highly anticipated event drew a record-breaking crowd of almost 1,070 multifamily housing professionals, all gathered to recognize exceptional achievements by individuals and apartment communities. This year’s winners were selected through a thorough virtual process involving submission reviews and interviews, spotlighting the top performers in Hampton Roads' multifamily market.
|
Prepare for an unforgettable experience as Apartmentalize heads to Las Vegas in 2025. Anticipate inspiration, innovation, and fresh perspectives on success, while the spotlight focuses on the future of the rental housing industry. Registration is now open, and the Friday General Session Speaker is sure to impress—setting a new gold standard!
|
In the multifamily industry, AI assists with tasks like chatbots for prospective residents, data management, and reporting, but many leaders agree the human touch remains essential in key areas. Face-to-face interactions are still preferred for things like property tours, lease discussions, and major announcements. Professionals also avoid AI for sensitive communications and creative work, valuing the empathy and unique perspective humans bring. While AI boosts efficiency, it often lacks the depth and emotional intelligence necessary for relationship-building and nuanced decision-making.
Source: Multi-Housing News
3
Dec 2024
|
12/3 Central Virginia
12/3 Hampton Roads
12/4 New River Valley
12/5 Roanoke Lynchburg
12/10 Blue Ridge
|
Kensington Crossing, a 476-unit multifamily community, and Magnolia Falls, a 200-unit community, were acquired by The Milestone Group for an undisclosed amount. The company plans to upgrade all amenities and common areas at both communities.
Source: Connect CRE
The site, located at 931-933 W. Grace St, will become home to a 3-story building with 21 apartments above commercial space. The developer is in talks with two national restaurant chains to split the 6,000-ft ground floor space. Their hope is to have the project completed by the fall of 2025.
Source: Richmond BizSense
The 39-unit community resides in the former Saint Gertrude High School in the Museum District. The first 22 units are finished and welcoming residents, while the remaining 17 units are expected to be complete by the end of the year. The average unit is 2,000 square feet, with rents ranging from $1,900 for a one-bedroom to over $7,000 for a four-bedroom.
Source: Richmond BizSense
California-based REIT, Hamilton Zanze, sold Woods of Williamsburg after purchasing the property in 2018 and conducting improvements, such as repainting exteriors and upgrading the pool and other communuity amenities. The garden-style community was originally built in 1978 and includes studio, one-, two-, and three-bedroom apartments.
Source: Connect CRE
Breeden Construction has announced the successful completion of the Governor’s Inn development in Williamsburg, Virginia. The new construction project features 164 split-level apartments.
Source: The Breeden Company
|
| |
|
