Advocacy is a team sport. Like any team sport, success requires good coaching and advanced training that aims to develop a diverse and deep team bench with the knowledge, capabilities and team fluidity needed to perform on gameday.
That’s where NAA’s Advocacy Academy comes into the picture. It invests resources in NAA’s most promising advocates to transform them into superstar advocates with the ability to influence policy decisions on behalf of the rental housing industry.
VAMA is proud to announce that Rick Jones, Vice-Chairman of Management Services Corporation, has been named the 2025 recipient of the Gloria D. Jacobs Member of the Year Award – a recognition reserved for those whose leadership and service have profoundly shaped the rental housing industry in Virginia and beyond.
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Please consider participating in the National Apartment Association Education Institute (NAAEI)'s job task analysis survey, which will be used to update the content of the Certificate for Apartment Maintenance Technician (CAMT) program. This survey aims to identify the essential knowledge areas for credentialing maintenance professionals in the rental housing industry. The participation deadline is Friday, May 16, 2025.
We’re proud to share that VAMA has been named a finalist in the Affiliate of the Year category for the 2025 NAA Excellence Awards! We’re also thrilled to see three of our supplier members, Chadwell Supply, The Liberty Group and HD Supply, recognized as finalists for Supplier of the Year. Winners will be announced on Wednesday, June 11 during the Excellence Awards at Apartmentalize in Las Vegas. Best of luck to all the finalists. We’re honored to be in such great company!
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Multifamily developers and contractors are being urged to proactively address the potential impact of tariffs on construction projects. Attorney David Applefeld recommends reviewing contracts to ensure they include provisions for cost increases and delays tied to tariff changes. He also suggests identifying alternative material sources and considering performance bonds to safeguard project completion. These steps can help stakeholders mitigate risk, avoid disputes, and maintain project feasibility. Waiting to act, Applefeld warns, could leave owners vulnerable to serious financial and operational setbacks.
Source: Multifamily Executive
Mental health affects people on all sides of the leasing desk, from residents to maintenance to the C-suite and everyone in between. With these kinds of emotional, and sometimes physical, implications, rental housing professionals can be called to wear numerous hats far outside their job descriptions and the current company culture and hiring policies.
That’s why NAA has partnered with the National Council for Mental Wellbeing to present this 5-part cathartic webinar series to fit the needs of our industry.
This year’s line-up includes topics such as what to know about hoarding, fostering resiliency through self-care, day of care, how to show support after disaster and effective communication during a crisis.
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Artificial Intelligence is transforming marketing by streamlining research, content creation and campaign planning, but experts warn that over-reliance can harm brand authenticity and engagement. While tools like ChatGPT are powerful for brainstorming and automation, they lack the creativity, emotional nuance and strategic thinking that only humans can provide. The most effective marketing strategies will be those where AI and human intuition work in tandem.
Source: Multi-Housing News
Greystar has begun construction on Old Ivy Residences, a 525-unit rental community in Albemarle County featuring a mix of 336 garden-style apartments and 189 three-bedroom detached homes and townhomes. Designed to serve a range of residents including students, faculty and families, the community will include extensive amenities and reserve 15% of units for affordable housing. Located near the University of Virginia, the first homes are expected to be ready by mid-2026.
Source: Multifamily Biz
Colorado-based Tralee Affordable has acquired The Bend at 4800, a 248-unit affordable housing community in Chesterfield, for $44 million. This marks the company’s first property in the Richmond market. The community serves residents earning up to 60% of the area median income and is over 90% leased. Tralee plans to make modest upgrades to the units to help reduce turnover and maintain long-term affordability.
Source: Richmond BizSense
Avalon Townhomes, a 182-unit community in Hampton’s Buckroe Beach area, has been acquired by Rock Creek Property Group and Two Rivers Realty Partners for $26.5 million. Built in 1966 and partially renovated in 2017, the property is over 91% occupied and features spacious two- to four-bedroom units. The new owners plan to invest $3.5 million in upgrades over the next three years.
Source: Virginia Business
Echelon Resources has begun converting two historic buildings at Fort Monroe into luxury apartments, marking the first major redevelopment on the former Army base. Randolph Hall will offer 40 units overlooking Mill Creek, while the nearby "Old Hundred" building will house 38 studio, one-, and two-bedroom apartments, all slated for completion in 2026. These additions will join the 170 existing residences and include modern amenities like in-unit laundry, high-speed internet and on-site parking.
Source: WAVY.com
Newport News City Council has approved a 620-unit housing development on Yorktown Road at the Historic Endview Plantation site. The project will feature townhomes, cottage-style homes, and single-family residences in walkable neighborhoods with preserved open space. Designed with sustainability and historic preservation in mind, the community is expected to be built over the next five to ten years.
Source: 13 News Now
The Breeden Company, the nationally recognized Virginia Beach-based real estate development firm, announced today they have completed construction at Lake Taylor Pointe Apartments, a 198-unit luxury Class-A multifamily community in Norfolk, Virginia.
Source: The Breeden Company
RPC Capital and Kalyan Hospitality are converting a 17-story former office building at 801 E. Main St. in Richmond into Altitude on Main, a 302-unit apartment community. The project will include ground-floor retail, a gym, clubroom, rooftop deck, and 366 parking spaces. Supported by historic tax credits and a $68 million loan, the development adds to the wave of office-to-residential conversions revitalizing downtown Richmond.
Source: Multi-Housing News
Developers George Emerson and Phil Roper are planning an 11-story, $105 million student housing tower at 1–17 W. Grace Street in Richmond, featuring 250 furnished units totaling 680 beds. The development will include ground-floor retail space, a parking deck, and amenities like a pool and club room. Targeted at college students, the apartments will be leased by the bed and are expected to begin construction in spring 2026.
Source: Richmond BizSense
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