Kettler Inc. pushes south into Virginia and North Carolina markets
- July 26, 2011
Kettler Inc., one of the largest private real estate and property management companies in the Washington, D.C., metro area, is expanding into Virginia and North Carolina. The company has acquired seven properties in these states and hired two new employees to manage them.
In Virginia, Kettler bought a multifamily portfolio in Hampton Roads with Federal Capital Partners (FCP) for $87.9 million. Purchased from Great Atlantic Management Co., the acquisition totaled 1,490 garden apartments in seven communities in Hampton, Newport News and Virginia Beach. With the addition of these units, the company hired Matt Smith as Kettler’s regional manager in Tidewater. He worked previously for S.L. Nusbaum Realty Co.
Kettler also has taken over the management of a community in Charlotte, N.C., and recently assumed the management of a development deal in Raleigh, The Gallery at Cameron Village. It named Barbara O’Steen vice president of operations of the North and South Carolina regions. O’Steen formerly held regional property management positions with Greystar Real Estate Investment Co. and Ram Realty Services.
Kettler, based out of McLean, manages nearly 20,000 properties in 82 locations from New York to South Carolina.