About Us

Park Properties Management Company is a full-service management company specializing in multi-family, affordable and conventional housing, commercial property management, condominium management and single-family homes. Established in 1989, Park Properties has grown to manage over 35 entities throughout the Commonwealth of Virginia, with annual gross income values topping over 17 million.
Since its incorporation, Park has demonstrated its strengths in regional markets and has shown that disciplined growth along with a process-driven approach to all aspects of property management equals high-performance results.

A Better Team...

Each team member is dedicated to our proactive attitude toward customer service. Our organizational strength comes from our experienced senior management team that consists of four regional managers, a director, and a comptroller.

Leveraging the expertise of our affiliate companies: Pinnacle Construction and Development Company (general contractor); Bluestone Land L.L.C.(development company); and Bluestone Capital Advisors, L.L.C.(mortgage banker) distinguishes us from our competition with respect to the development, construction, asset and risk management and financing of income producing properties.

A Better Strategy...

Park’s management philosophy approach includes three strategic performance dynamics:
Operational Programs – in place and clearly define how we meet the goals of every owner.
Systems and Technologies - used to ensure consistency in how we operate our properties and serve our residents and employees.
Performance Analytics – in place to measure our success in the customer experience, employee proficiency, revenue and expense monitoring that leads to greater asset values.

The Best in Service...

The Park Advantage includes:
• Superior Customer/Resident Ratings
• Superior Affordable Compliance Monitoring
• Financial Management with Streamlined Systems for Efficiency and Compliance
• Ancillary Revenue and Receivable Procedures
• Asset Risk Management – REAC Scores Average 96
• Innovate Approach to Affordable Housing – Taking Conventional Concepts and Applying them to Affordable Housing
• Highly Trained and Motivated Site and Field Staff
• Technologically Advanced Maintenance Services
• Inventory Management System and Bulk Purchasing Program
• Real-time Performance Analytics
• Diverse Portfolio
• VHDA Certified Management Agent

Proven Expertise...

Our ability to draw upon the expertise of our affiliate companies, Pinnacle Construction and Development Company, general contractor, and Bluestone Land L.L.C., development company distinguishes us from our competition with respect to the development, construction and asset and risk management of income producing properties.

Giving Back...

Owners William and Richard Park are a part of the founding force behind the Virginia Tech Program in Real Estate. The major offers Real Estate courses that integrate the material students learn in interdisciplinary courses such as finance, law, and property management through practical experiences within the program. Integration occurs through a university-industry partnership where real estate professionals are actively involved in students’ education through guest lectures and mentoring experiences, and by providing internship opportunities. For more information on the Real Estate Program, please visit http://www.realestate.vt.edu

Proudly Serving the Community...

Proud member of the Virginia Apartment and Management Association, the Virginia Council for Affordable Housing, the Blue Ridge Apartment Council, the Mid-Atlantic Affordable Housing Management Association, and the Institute of Real Estate Management.