Snapshot

Virginia Apartment Management Association

VAMA News
 
   

The Virginia Public Access Project, VPAP,  has launched MyVaCandidate, an online app that show voters how their own views match with those of the candidates running for Governor. Answer 16 short policy questions and find out which candidate is best fit for you.

Visit http://www.myvacandidate.com/ to view the full article online.

 
 
   

Montgomery County's population is estimated to grow to 101,433 in the next three years and reach 110,321 by 2030, according to Weldon Cooper Center for Public Service projections. Meanwhile, Roanoke's population is projected to reach 104,398 in the same timeframe.

Visit http://www.roanoke.com/news/education/higher_education/virginia_tech/montgomery-county-expected-to-outgrow-its-urban-neighbor-roanoke/article_51acacc8-6ab8-53cf-a498-3019373b77b4.html to view the full article online.

 
 
   

Hopes of attracting private investment are bearing early fruit with developers such as Ed Walker and Faisal Khan, both well known for their projects in Roanoke, entering the Salem market for the first time.

Visit http://www.roanoke.com/business/news/salem/downtown-salem-plan-spurs-renovations-reuse/article_90e2f5aa-8abe-11e7-9da4-df10a9923780.html?utm_source=BizSense+Backup&utm_campaign=ae2875fcfa-EMAIL_CAMPAIGN_2017_08_25&utm_medium=email&utm_term=0_916386f49f-ae to view the full article online.

 
 
   

"We are delighted to welcome the ForRent team and their family of sites to the Apartments.com network," said Andrew C. Florance, Founder and Chief Executive Officer of CoStar Group.

Visit http://markets.businessinsider.com/news/stocks/CoStar-Group-to-Acquire-ForRent-Adding-Millions-of-Renters-to-the-Apartments-com-Network-1002362297 to view the full article online.

 
 
   

No one has conducted a significant study of private landlords serving low-income tenants since Sternlieb's 1973 study of residential abandonment by landlords. We cannot influence the housing of most low-income Virginians until we study the problems of private landlords who provide that housing.

Visit http://www.via.vt.edu/winter94/housing.html to view the full article online.

 
 
   

Man 'fishes' rent checks from Va. Beach drop boxes

Visit http://www.13newsnow.com/news/local/mycity/virginia-beach/man-fishes-rent-checks-from-va-beach-drop-boxes/463070581 to view the full article online.

 
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Bethesda, Maryland-based RailField Realty Partners marked its entry into the Richmond market this month with its purchase of Courthouse Green, a 266-unit apartment complex at 6417 Statute St. in Chester.  Farther north, the 646-unit Town & Country Apartments at 1402 Barriedale Road, along Chippenham Parkway northeast of the Hull Street Road interchange, sold Aug. 9 for $33.3 million.

Visit https://richmondbizsense.com/2017/08/29/pair-of-apartment-deals-nabs-40m-from-d-c-buyers/?utm_source=BizSense+Backup&utm_campaign=5c074d4ab2-EMAIL_CAMPAIGN_2017_08_28&utm_medium=email&utm_term=0_916386f49f-5c074d4ab2-148081777 to view the full article online.

 
 
   

Developer Tom Wilkinson said last week his Maramjen Investments closed on $32 million in financing for its conversion of the former American Tobacco building at 800 Jefferson Davis Highway, where 134 apartments and dozens of artist lofts are planned

Visit http://richmondbizsense.com/2017/08/07/pair-of-southside-projects-score-62m-in-financing/ to view the full article online.

 
 
   

The 2.14 acre parcel is located at 1815 N. 30th St. (its alternate address is 1812 Creighton Road) and is along a stretch of Nine Mile Road in the East End that is being redeveloped as a way to jump-start the transformation of the poverty-plagued area.

Visit http://www.richmond.com/business/local/richmond-redevelopment-and-housing-authority-buys-shopping-center-in-east/article_6f667c73-25c2-5974-905e-b7ccfbd60992.html?utm_source=BizSense+Backup&utm_campaign=5c074d4ab2-EMAIL_CAMPAIGN_2017_08_28&utm_medium=emai to view the full article online.

 
 
   

After two years of work and four rounds with the city’s architectural review commission, developers behind a planned four-story mixed-use building along Jefferson Avenue in Union Hill are nearing the finish line to start the project.

Visit https://richmondbizsense.com/2017/09/06/planning-commission-endorses-8m-union-hill-project/?utm_source=BizSense+Backup&utm_campaign=c079d4553e-EMAIL_CAMPAIGN_2017_09_05&utm_medium=email&utm_term=0_916386f49f-c079d4553e-148081777 to view the full article online.

 
 
   

The newest concept drawing, submitted by Berkley Hall for the apartment development on part of the former Shenandoah Life Insurance Company site now shows nearly 200 apartments consolidated into two large buildings.

Visit https://www.wsls.com/news/virginia/roanoke/new-shenandoah-life-proposal-shows-2-large-apartment-buildings-nearly-200-apartments to view the full article online.

 
 
   

The bank announced that it has invested $17.34 million in acquiring a multi-family apartment complex “Ultris” at Banyan Grove located in Virginia Beach-USA.

Visit http://news.kuwaittimes.net/website/warba-bank-acquires-ultris-beach-apartments-virginia/ to view the full article online.

 
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Belfor USA
 
   

The 488-space garage would serve the public as well as 221 apartments, offices, retail and a hotel on nearly 10 acres at the corner of Bonney Road and Constitution Drive.

Visit https://pilotonline.com/news/government/local/virginia-beach-council-approves-development-near-town-center-with-tax/article_269e6e67-6e9d-5bb3-b6fd-79675df98f12.html to view the full article online.

 
 
   

The 54,000 square foot project will include 50 apartments and cost $10.5 million. The land for the project, which is behind the Chesapeake Regional Medical Center, was donated by the City of Chesapeake.

Visit http://www.13newsnow.com/news/local/housing-for-disabledhomeless-veterans/463477990 to view the full article online.

 
 
   

In an effort to address a tremendous need, Rush Homes is constructing 28 new apartments off of Old Forest Road, planned to be finished by next summer.

Visit http://www.newsadvance.com/news/local/rush-homes-building-new-affordable-apartments-for-disabled/article_2b669b74-8789-11e7-98b6-07ac7c143f64.html to view the full article online.

 
 
   

Thalhimer, said Thursday that it has closed on the $12.1 million purchase of the Stratford at Williamsburg Apartments.

Visit http://www.virginiabusiness.com/news/article/thalhimer-realty-partners-acquires-apartments-for-12-million to view the full article online.

 
 
   

Plans for a new five-story complex north of downtown, featuring shops and more than 200 apartments, were approved three years ago.  And a few weeks ago, for-sale signs went up near the fences where renderings used to hang.

Visit https://pilotonline.com/news/local/that-big-patch-of-dirt-off-monticello-avenue-in-norfolk/article_5dfdb22c-65cb-5b0c-bae5-658e872434e0.html to view the full article online.

 
Build Your Skills

Did you miss the 2017 VAMA Conference? Looking for a way to obtain all of your continuing education credits? CVAA has put together a full day of educational seminars in addition to our annual Trade Show to create the 2017 MiniCon! You don’t want to miss... cutting edge seminars with nationally recognized speakers, invaluable industry networking to learn about new products and services, and of course tons of prizes and the $1000 cash prize giveaway!



This year the event will be held back at the DoubleTree by Hilton Richmond- Midlothian for a full day of fun! This year's theme: Comic Con! Be sure to dress as your favorite comic book character or super hero. Those who dress to theme will receive an extra chance at $1000! You won't want to miss this event!

Visit http://www.vamaonline.org/events/EventDetails.aspx?id=910443&group= to view the full article online.

 
 
   

VAMA interviews R.L. Dunn, 2017, VAMA President.

Visit http://www.naylornetwork.com/vam-nwl/pdf/BIO.pdf to view the full article online.

 
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IRMA may not require evacuation of the Eastern parts of Virginia, however hurricane season is just starting.  Click below to find out what evacuation zone your residents should use and make sure they and your staff know how and when to evacuate.

Visit https://vdemgis.maps.arcgis.com/apps/webappviewer/index.html?id=5797524b9a58440c8dbc06816e060492 to view the full article online.

 
 
   

Water damage isn’t just a nightmare to your residents,  it's a nightmare for you. Water damage claims are the second most common type insurance claim. How can you protect yourself from costly water damage repairs, and what should you do when a water damage event happens? Here are some handy tips to help you out.

Visit http://www.naylornetwork.com/vam-nwl/pdf/Water_Damage_Tips_and_Tricks_to_Help_Landlords.pdf to view the full article online.

 
Drucker and Falk, LLC
 
   

The issue is the same no matter the location.  This short paper is intended to trace the evolution of the challenges in Charlotte and the responses to them, with an eye toward the future for housing providers, housing consumers, public officials, and others.

Visit http://ui.uncc.edu//story/charlotte-housing-homeless-subsidized-affordable to view the full article online.

 
 
   

As of summer 2017, Google has its eye on two major updates to its algorithms: mobile-first indexing, which may arrive as early as the beginning of 2018, and local-first sorting, which is here now.  Here’s a brief overview of what you need to know about each of these initiatives:

Visit https://www.rentpath.com/google-algorithm-updates-what-multifamily-marketers-need-to-know/?mkt_tok=eyJpIjoiTmpFeE9UbGpaVFUwTmpoaCIsInQiOiJrV212UnN3SnFVZWY4K3Y2MzdTbXpjaWRsdmxOdENkeXc5UlhzMTBpOVFEZHRtNWtPd0dKcW5QVmtrQkN3akJLZXEzZkZGdzEzUTVJUHNqc3FuYUlDcXhY 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