Snapshot

Virginia Apartment Management Association

VAMA News
Airbnb and Niido have plans to open up to 14 communities that will have a combination of long-term renters and short-term stay apartments.  TN and FL each already have one of these communities.  Will your city be next?

Visit https://www.bloomberg.com/news/articles/2018-08-14/airbnb-and-niido-to-open-as-many-as-14-home-sharing-apartment-complexes-by-2020?utm_source=BizSense+Backup&utm_campaign=30c599b8a2-EMAIL_CAMPAIGN_2018_08_14_10_42&utm_medium=email&utm_term=0_916386f49f-30 to view the full article online.

 
Forbes list of the best places to retire in each state list Roanoke as #1 and Harrisonburg as runner-up.  Is it time to build more Senior Housing in these towns?

Visit https://www.forbes.com/best-places-to-retire-in-each-state/?utm_source=BizSense%20Backup&utm_campaign=9e358fb996-EMAIL_CAMPAIGN_2018_08_29_12_20&utm_medium=email&utm_term=0_916386f49f-9e358fb996-148081777#6d8675495f1e to view the full article online.

 
4,000 new affordable rentals are needed in Charlottesville.  How will the City pave the way for these homes?

Visit http://www.cavalierdaily.com/article/2018/09/charlottesville-working-to-develop-housing-strategy-amid-need-for-4000-affordable-rental-units to view the full article online.

 
First Atlantic Restoration Inc
Belfor USA
Build Your Skills
Check out this recap article from an Apartmentalize session on ghosting and leasing.

Visit https://www.naahq.org/news-publications/using-sales-marketing-get-past-ghosting?utm_source=Pardot&utm_medium=Email&utm_campaign=Industry-Insider to view the full article online.

 
NAA has published a new study on parking and what it may look like in the future.

Visit https://www.naahq.org/news-publications/transformation-parking to view the full article online.

 
Would your company's social media policies hold up in court?  This lawsuit could have far reaching implications for "ownership" of social media accounts.

Visit https://www.richmond.com/sports/college/schools/virginia-tech/former-roanoke-times-reporter-countersues-for-more-than-in-twitter/article_0404201e-ea6b-52e3-b8c5-eac46230c69c.html to view the full article online.

 
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Drucker and Falk, LLC
Keyper Systems
Development News
A 278-bedroom building on Patrick Henry Drive between Progress and North Main streets is being proposed by Green Valley Builders

Visit https://www.roanoke.com/business/news/blacksburg/firm-reshaping-uptown-blacksburg-proposes-apartments-on-patrick-henry-drive/article_870099aa-74f0-50b7-b7b6-6d541bf15b76.html to view the full article online.

 
Preferred Apartment Communities, Inc., has provided a $12.5 Million loan to finance construction of the project with possible plans to purchase the community.

Visit https://www.globest.com/2018/09/04/preferred-apartment-communities-provides-loan-for-fredericksburg-multifamily/?slreturn=20180812150535 to view the full article online.

 
Hanover County has delayed a vote on a mixed-use property that falls within its master plan.  Another example of bureaucracy and NIMBYism getting in the way of needed multi-family development.

Visit https://richmondbizsense.com/2018/08/16/500m-mixed-use-project-getting-scrutiny-hanover/?utm_source=BizSense+Backup&utm_campaign=c08189ae88-EMAIL_CAMPAIGN_2018_08_16_03_06_COPY_01&utm_medium=email&utm_term=0_916386f49f-c08189ae88-148081777 to view the full article online.

 
Woda Cooper Companies will house 68 one-, two- and three-bedroom apartment units in downtown Hopewell, replacing the former 32 unit complex.

Visit http://www.progress-index.com/news/20180802/new-downtown-apartments-under-construction to view the full article online.

 
In a split vote along party lines, the Montgomery County Board of Supervisors approved rezoning 5 acres of land off the corner of Clay Street and Cherry Lane.

Visit https://www.roanoke.com/news/local/montgomery_county/montgomery-county-supervisors-ok-townhome-rezoning-on-split-vote/article_51a401f5-9063-56bb-befc-26e7bf2dcdec.html to view the full article online.

 
Capital Square 1031, which purchases commercial real estate and then sells shares of ownership in each property to pools of investors looking to cash in on so-called 1031 exchanges, last month unloaded its Bridgeview Apartments complex in Tampa, Florida.

Visit https://richmondbizsense.com/2018/08/14/apartments-hot-innsbrook-based-firm-sells-tampa-complex-43m/?utm_source=BizSense+Backup&utm_campaign=e1ec1e36e2-EMAIL_CAMPAIGN_2018_08_14_01_43&utm_medium=email&utm_term=0_916386f49f-e1ec1e36e2-148081777 to view the full article online.

 
“The entire site can be rezoned and at the moment does not have any height restrictions,” Sweeney said. “This allows the buyer to bring some height to an area that has one of the best views of the city’s skyline.”

Visit https://richmondbizsense.com/2018/08/15/swath-chestnut-hill-hits-market-city-views-hook/?utm_source=BizSense+Backup&utm_campaign=30c599b8a2-EMAIL_CAMPAIGN_2018_08_14_10_42&utm_medium=email&utm_term=0_916386f49f-30c599b8a2-148081777 to view the full article online.

 
Scott's Addition properties Symbol and Preserve at Scott's Addition will be getting a sister community on United Methodist Family Services land.

Visit https://richmondbizsense.com/2018/08/24/umfs-taps-spy-rock-mixed-use-campus-development/ to view the full article online.

 
A developer and City Councilman has put a purchase offer on the land is seeking rezoning.

Visit http://www.wdbj7.com/content/news/Developer-wants-to-turn-Roanokes-Red-Shield-Lodge-into-apartments-492334281.html to view the full article online.

 
The Monument Companies has put a contract to purchase on the old Heironimus Building in downtown Roanoke.  Apartment development is expected.

Visit https://www.wsls.com/news/virginia/roanoke/former-heironimus-building-could-soon-become-apartments-restaurants to view the full article online.

 
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The Virginia Apartment Management Association
An Affiliate of the National Apartment Association
2812 Emerywood Parkway, Suite 231, Richmond, VA 23294

Phone: (804) 756-VAMA
info@vamaonline.org