Dodson Property Management Fredericksburg
Dodson Property Management Fredericksburg – In late June 2022, Dodson Property Management merged with Evernest, a full-service national real estate and property management company. This merger includes Dodson’s single-family property management, small multi-family buildings, and association management.
The goal of the merger is to add value to Dodson and Evernest clients through shared resources, shared value, and shared systems.
Dodson Property Management Fredericksburg
“We have a vision for the growth of the company and feel that the scale is necessary to build the best leadership team in the industry and provide all the resources to our residents and clients to ensure that they have a quality experience,” said Duke Dodson. , President and CEO of Dodson Companies. “We’ve worked with Evernest for many years, so we feel very comfortable taking this big step to become one.”
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It is important to note that Dodson’s leadership, operations, and property/association management teams remain in place. Property owners and residents will experience a smooth transition, retain team members they know, and see ongoing processes and systems.
After August 1, 2022, Dodson’s sign will change to Evernest. Dodson clients should also monitor email for important updates on changes to Dodson’s systems, processes, and contact information. In the meantime, however, regular contact with Dodson did not change.
Based in Birmingham, Alabama, Evernest operates in 25 real estate markets across the country. It is one of the nation’s largest single-family and small-family investment brokers and property management providers. The company manages more than 11,000 homes for more than 4,100 owners, brokers more than 1,000 investment deals per year, and has made the Inc5000 list for the past five years. Learn more about Evernest at Evernest.co.
Dodson was founded in 2007 as a property management and real estate company dedicated to the needs of owner investors and tenants. Today, Dodson operates a commercial property management and brokerage division, Dodson Commercial; real estate development group, Dodson Development; and a short-term rental management division. Learn more at DodsonDev.com and DodsonCommercial.com.
Richmond Based Dodson Property Management Expands Presence In Fredericksburg
Lucas is a Content Strategist for Evernest. When he’s not doing research or creating content, you can find Lucas drinking coffee or eating tacos. He is originally from western North Dakota and currently resides in Austin, TX. With a pair of acquisitions, including the property management arm of a prolific Petersburg developer, Richmond-based Dodson Cos. is expanding its activities in the Tri-Cities while also expanding. reach Northern Virginia.
The real estate firm announced Tuesday that it has acquired Plum Street Partners, the property management division of developer Dave McCormack’s Waukeshaw Development, as well as Patriot Properties, a management company based near Leesburg.
The Patriot acquisition includes the management of 175 single-family properties and 3,300 multifamily units in 35 Patriot-managed communities through its home owner association (HOA) management division.
Owner Duke Dodson said the deal takes the company into new territory while also circling its roots in Petersburg.
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“One of our first clients when I started the company in 2007 was in Petersburg, so we got to know the market,” Dodson said, adding that the company currently manages about 1,000 units there.
Dodson said the Patriot deal came about through connections made between the two companies at industry events over the years.
“When the sellers of the Patriots decide they want to sell, they reach out to us, and we negotiate and make a deal,” he said. “We want to expand north of Fredericksburg into Northern Virginia, and this is a great opportunity.”
The acquisition is the latest on the property management side for Dodson, who previously took over Polaris Property Management in Sarasota, Florida, in mid-2020.
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“Our growth plan is basically Virginia to Florida,” Dodson said. “We want to continue to connect the dots between here and Florida.”
With Plum Street, Dodson said he heard that McCormack was interested in selling part of the company so he could focus more on real estate development.
Weeks before the deal, McCormack’s Waukeshaw Development added to its workload in Petersburg with a $3 million purchase of the former Virginia Trunk & Bag Co. factory building on Wythe Street.
“I’m a big fan of Dave McCormack. I think he’s a creative genius, doing a lot of great projects, so we’re looking forward to working with him in the future as he continues to develop more,” Dodson said. “We like to organize.”
The Dodson Companies
McCormack said Dodson was chosen over other prospective buyers when the team decided the time was right to demolish Plum Street.
“We started our own property management business in Petersburg about 15 years ago because there were no quality options in the city center. So much has changed in the past few years, and we felt it was time to give it up and focus on our core real estate business,” he said. “We looked at several management companies but felt Dodson was the best fit both professionally and personally.”
Waukeshaw-owned properties involved in the deal include the 73-unit Bosco Apartments in Petersburg, and the 50-unit Hopewell Lofts in Hopewell.
Management of one of Waukeshaw’s previous projects, the 223-unit Mayton Transfer Lofts, is also part of the acquisition. Now owned by Capital Square, which bought it three years ago for $21 million, the property also provides a connection to the company, Dodson said.
Knight Court, Fredericksburg, Va 22407
“Through the acquisition there are good relationships, like the Dave McCormacks of the world. Taking on a good client like Capital Square is a big deal for us,” he said.
Dodson said this latest offer increases the company’s staff count from 127 to about 150. According to the release, the company manages over 5, 220 single-family houses and apartments in Central and Northern Virginia, and more than 8,000 units in the association. management division, which has doubled the number of door owners over the past year.
The company’s commercial division managed 2.3 million square feet, up from 1.7 million square feet by the end of 2020.
In Richmond, Dodson recently took on the contract for the Bookbindery Building at 2201 W. Broad St., adding nearly 63,000 square feet to its commercial management portfolio. The division also added 64,000 square feet of flexible industrial space in Virginia Beach.
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Earlier this year, the company added to its Richmond real estate holdings with a $3.22 million purchase of the 23-unit Morton Apartments downtown. The company also bought the Atrium at the nearby Broad building for $4.8 million in February.
Meanwhile, the company is moving forward on a $25 million mixed-use development in Colonial Beach. Construction has begun vertically on the first phase of the project, which will include 11 townhouses, 12 single-family homes, a swimming pool and green space. The multi-phase development is planned to also include a hotel, office and retail space adjacent to Colonial Beach City Hall.
ALL MEMBERSHIPS RENEW AUTOMATICALLY. You will be charged for the renewal of your 1-year membership at the rate in effect at that time unless you cancel your membership by logging in or contacting [email protected]RENT HAPPY. It should be a promise, not just an ideal. At Dodson Property Management, our multi-family apartments promise a HAPPY RENT. The owners and residents we serve are as important members of the community as our own team.
For everyone, the house we choose must be perfect. Just right, in the right location, with the amenities you want, and well managed. Your home should be a retreat from the hustle and bustle of life. So, we push ourselves to be better than yesterday to provide confidence and value to our client owners, and simplicity and dependability to our tenants.
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You can expect Dodson Property Management to make your Richmond multi-family apartment rental experience better than any other option. You can expect us to be direct, forthright, transparent, proactive, and accommodating. The best “complaint” we can get from you is that we are too on top and communicate too often. When does that usually happen in customer service?!?!
We invite you to check out the various apartment communities we represent. Or, if you know the location, size, price, and type of apartment you want, check the availability of your new home. After you find one or more of your interest, you can schedule a tour with the property manager or directly apply to rent your favorite. We have the lowest application fees in the industry and can usually process your application within one business day.
If you own a multi-family apartment property and would consider having Dodson Property Management handle the complexities of protecting and growing your investment, check out our value-added services and then share information about your property to make it work as well. in touch with useful information.
“Unlike other property managers who just report and take orders, Dodson takes the initiative. When there is a problem, Dodson not only advises on the problem, but provides a solution. No one likes managing a manager, and Dodson does a great job of hiring, train and maintain a competent and diligent team. We strongly endorse Dodson and hope that
Richmond Based Dodson Property Management Acquires Fredericksburg Firm
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