Miller Lofts, Photo courtesy Fountainhead Properties Inc.
Dodson Property Management, a Richmond-based residential and commercial property management firm, has acquired CoreRVA Properties Inc., the property management subsidiary of Fountainhead Development, another Richmond firm. The deal means Dodson will now manage more than 3,300 single and multi-family units in Central Virginia.
Terms of the transaction, which closed on Aug. 1, were not disclosed.
As part of the agreement, CoreRVA employees will take on new roles with Dodson. Three employees will join Dodson’s staff of 40 at the company headquarters at 409 E. Main St., while the remaining 20 will continue as onsite managers at Fountainhead properties.
