RICHMOND AND NORFOLK, VA — The Donaldson Group (TDG) of Rockville, MD has continued to expand southward beyond its base in the Washington, DC metro area, adding 625 units to its current 11,000-unit multifamily management portfolio. The company has taken over management of two recently traded apartment communities, one in Richmond and the other in Norfolk.
In the Richmond suburb of Chester, TDG has begun managing Rivermont Crossing, a 457-unit rental community with 312 apartments and 145 townhomes. In one of the market’s largest multifamily transactions to date, the property was acquired by longtime TDG client The Steven A. Goldberg Company of Bethesda, MD.