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Good timing leads to a 93-property deal

Burl Rolett July 8, 2013 5

A local property management company has bulked up its portfolio with an acquisition.

Duke Dodson

Duke Dodson

Dodson Property Management acquired Mechanicsville-based Property Managers of Virginia in a six-figure deal that closed last week. The purchase will add 93 single-family homes to Dodson’s stable of properties.

“We had been looking to grow by acquisition over the past few years,” said Duke Dodson, president of Dodson Property Management. “They’re looking to retire, and they contacted me a few months ago.”

Dodson Property now manages about 1,170 small homes and apartment buildings, including the Baker Atrium Lofts in Scott’s Addition and the Bellevue Gardens complex on Chamberlayne Avenue.

Dodson is headquartered in the Fan at 2619 Floyd Ave.

The company has also expanded into Williamsburg and Newport News in the past year building residential sales and commercial divisions, Dodson said.

Property Managers of Virginia’s previous owners were Mike and Regina Mulligan. The company’s properties were all in the Richmond area.

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5 Comments »

  1. Debbie Reading July 8, 2013 at 8:53 am - Reply

    Congratulations Duke! So happy for you and wish you all the best!

  2. Andrew July 8, 2013 at 8:59 am - Reply

    Congrats Duke! Best wishes for continued success!

  3. Adi Gelem July 8, 2013 at 9:13 am - Reply

    Congrats Duke! Keep up the good work.

  4. Duke Dodson July 8, 2013 at 5:37 pm - Reply

    Debbie/Andrew/Adi — thanks! We appreciate it.

  5. Tony Rolando July 9, 2013 at 10:12 pm - Reply

    Congratulations Duke! You’ve worked hard to earn it and I wish you continued success!

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