Rockville-based company takes over management of 625 units in Virginia
The Donaldson Group (TDG) of Rockville, Md., has taken over management of multifamily properties in Chesterfield County and Norfolk as it tries to expand its portfolio in Virginia.
That adds 625 units to its 11,000-unit multifamily management portfolio.
In Chester, the company has begun managing Rivermont Crossing, a 457-unit rental community with 312 apartments and 145 townhouses. The property recently was bought by The Steven A. Goldberg Company of Bethesda, Md.
TDG also is now managing the Lafayette in Norfolk, a 168-unit high rise apartment building that recently was acquired by Graycliff Capital Partners LLC. TDG will assist in a renovation that will include hallway and lobby improvements, relocation of the leasing center and amenities, elevator upgrades and interior unit renovations.
The company has managed a 300-unit apartment community in Charlottesville for the last six years for the Goldstar Group.
TDG plans to grow its footprint in the Richmond and Hampton Roads markets through both third-party management contracts and acquisitions as principals.