In the News
Check out a behind the scenes look at the innovative building processes used to construct our newest community, Gateway Senior Apartments. This is an Innovative Modular Design Community located in Fishersville, VA.
Residents of Moffett Manor Apartments in Warrenton, VA participated in a food drive benefitting the Fauquier Community Food Bank. On March 25, Moffett Manor staff delivered 680 pounds of food to the food bank!! We are so thankful for all of the participation from our residents, and beyond happy we were able to do our part and serve our local community.
Modular Construction to be Used in Building New Development –
There’s good news for many seniors seeking affordable housing in the Shenandoah Valley. Gateway Senior Apartments, an affordable housing development in Fishersville, Va., is currently under construction and is scheduled to be completed in the spring of 2022.
The four-story affordable senior housing project, financed by Virginia Housing, will provide much needed housing for seniors 55 and over with limited incomes. It will offer 50 two-bedroom and 30 one-bedroom apartments, as well as a fitness center and community space for residents. In addition, it’s within a mile of the Augusta Health Center and near a wide range of other medical, cultural, and community facilities.
However, the most unique thing about the development is the way that it is being built.
“Gateway Senior Apartments is the first development that we’ve financed using modular construction,” said Art Bowen, Virginia Housing’s Director of Rental Housing. “This process has a number of advantages, the biggest being time savings. In fact, if this development was built through conventional construction, it would have taken 24 months. By using modular construction, it will be built in 15-18 months – a time savings of approximately 30%.” As a result, he said the units can be placed in service faster, benefiting those in need of housing.
These time savings are realized because construction of modular units occurs in an offsite factory, at the same time as foundation work is being done. The prefabricated units are then shipped to the building site 75% complete and are stacked on top of a stick-built first floor.
The developer then connects the electrical and plumbing systems and installs the roof and siding to complete the building.
In addition to time savings, benefits of modular construction include high-quality construction, cost savings, less waste, fewer weather-related delays and a reduced risk of accidents for workers.
“This development meets an existing need in the Fishersville area for affordable senior housing, and Virginia Housing looks forward to financing similar developments using modular and other innovative construction methods in communities across the state,” added Bowen.
In 2019, Virginia Housing created a new Innovation Pool in its tax credit program to promote the use of innovative construction techniques in affordable housing developments. This led Pinnacle Construction and Development Corp., the developer of Gateway Senior Apartments, to seek funding through the pool.
After Pinnacle’s proposal was reviewed and approved by Virginia Housing, they were awarded 9% federal housing credits, equal to $14 million, to offset the cost of construction.
As a result, Pinnacle became the first developer to use the Innovation Pool tax credits and will lease rent-restricted units at Gateway to residents earning 60% or less of the area median income (AMI). Pinnacle also received $6.4 million in financing through Virginia Housing for the balance of the project. Park Properties Management Company, a related entity and a Virginia Housing certified management agent, will manage the property.
“Gateway Senior Apartments presents a unique opportunity for Pinnacle Construction to partner with Virginia Housing to learn about and maximize the benefits of innovative construction methods for affordable housing,” said William Park, President of Pinnacle. “We look forward to sharing the positive impacts of this collaborative endeavor with the local community.”
Pinnacle is also associated with Regency Senior Living, an assisted living facility next to Gateway, which could provide an opportunity for many residents to age in place.
The employees of Park Properties Management Company recently made and donated over 400 chemo care packages to regional cancer treatment facilities across the state of Virginia. The chemo care packs were created as part of PPMC’s ‘Spirit Week’ as a way to bond team members together, while connecting to their local communities. The chemo care packs were delivered to nine treatment facilities, including Sentara RMH’s Hahn Oncology located in Harrisonburg, VA (pictured).
The Team from Pinnacle Construction and Park Properties competed in the Virginia Headwaters Council “Breaking Clays for Scouts” Fundraiser at Shenandale Gun Club in Augusta County on 9/19/20. Representing the Team from L-R: Ken Young – Scoutmaster for Troop 114 in Ivy, Chris Kantalonous – IT Manager, PCDC/PPMC, William Park – President, Richard Park – Vice President. In addition to a wonderful day and great camaraderie, the Team finished Third in the competition.
Shout out to each of our properties that earned top honors as a 2019 Top Rated Community via ApartmentRatings.com!! Only 5% of all communities on ApartmentRatings receive this award, which is based on total number of reviews, total current reviews (within the award year), and a ‘Recommend Score’ of 70% or higher. Basically… these communities are beyond awesome, and our residents think so, too!!
Charlottesville, VA – Park Properties Management Company (PPMC), a full-service management company specializing in multi-family, affordable and conventional housing, commercial property management, condominium management, and single-family homes, has been named as a finalist for Best Places to Work Multi-Family™.
Best Places to Work Multi-family™ is a nationally recognized program, designed to distinguish those companies that have established and consistently fostered outstanding workplace environments. The rigorous “Employee Feedback” assessment process evaluates each participating company’s employee policies and procedures as well as responses from the company’s employees. The program is part of a long-term initiative to encourage growth and excellence throughout the Multifamily Apartment Industry and to attract new leaders to the industry, as well.
Recognition as a finalist serves as a nod to the overall company culture at Park Properties, and as a testament to the hard work and dedication each employee contributes towards the business’s overall success. PPMC’s results highlight employee satisfaction in a number of areas, including personal and professional development, workplace satisfaction, and team effectiveness – further evidence that people are the organization’s most important asset.
Representatives from PPMC will travel to Scottsdale, AZ in November to participate in the Multifamily Leadership Summit, where they will also find out their ultimate ranking in the national competition. For more information about the Best Places to Work in Multifamily™ program and the Multifamily Leadership Summit, visit www.MultifamilyLeadership.com.
Charlottesville, VA – Established in 1989, Park Properties Management Company enters into its 30th year of operation this August, further signifying the company’s position as a trusted and reliable property management authority. Headquartered in Charlottesville, VA, PPMC is a full-service management company that specializes in multi-family, affordable and conventional housing, commercial property management, condominium management, and single-family homes. Currently, PPMC manages over 35 entities throughout the Commonwealth of Virginia, with additional projects on the horizon.
Over the past 30 years, PPMC has continually adapted and responded to customer needs – delivering exceptional products and services as the end result. Always embracing a unique perspective, PPMC ventures consistently turn heads and set the expectation for competitors in every region. PPMC’s dedication to serving residents and the greater community alike align corporate and social responsibility with passion, pride, and enthusiasm seldom realized in the property management industry.
PPMC’s ability to draw upon the expertise of affiliate companies, Pinnacle Construction and Development Company, general contractor, and Bluestone Land L.L.C., development company further distinguishes the company from their rivals with respect to the development, construction, and asset and risk management of income-producing properties. Facilitating projects in every stage of the process guarantees PPMC’s level of quality, and reinforces the success achieved across the company’s 30-year history.
Ushering in its 30th anniversary with the same gusto, determination, and ambition that has propelled the company through the last three decades, PPMC plans to celebrate the 30-year milestone with a variety of events over the next several months.
Our very own Stacey Rader will be inducted into the Leadership Greater Augusta Program, Class of 2020! Leadership Greater Augusta is a 9-month intensive training program for emerging and existing leaders in the communities of Staunton, Waynesboro, and Augusta County. During this training, Stacey will be learning by being exposed to diverse realities, personalities, and challenges in the community. She will also have the chance to develop and strengthen her leadership skills with other emerging and existing leaders. We are so proud of you Stacey!
Crozet, VA – Park Properties Management Company, a Charlottesville, VA-based property management firm, is anticipating the completion of one of their newest developments “The Vue”, located in the designated growth area in Western Albemarle County.
Primarily one and two-bedroom apartment homes, the luxury community will feature smart and efficient design elements, with such amenities perfectly suited to those seeking the attractiveness of rural charm with the conveniences of the surrounding Crozet community. Amenities will include a community building with a state-of-the-art fitness center, and a resort-style swimming pool.
Construction will be handled by Pinnacle Construction and Development, an affiliate of the management company, and is scheduled to start moving in new community members in Summer 2019.
Residents at Wilsondale Apartments (Hampton, VA) were better prepared to head back to school following the community’s Back to School Supply Bash.
Wilsondale Apartments (Hampton, VA) hosted the ‘Get Empowered Community Development Corporation’ onsite. ‘Get Empowered’ handed out free lunch to Wilsondale residents.
The WARM Shelter received supplies necessary to keep their facility up and running through the winter thanks to the generosity of residents of Windigrove Apartments (Waynesboro, VA)
During the 2019 Holiday Season, Windigrove Apartments (Waynesboro, VA) hosted a Salvation Army Angel Tree to offer residents an opportunity to give back to the local community.
Windigrove Apartments (Waynesboro, VA) collected supplies to benefit the New Directions Center, a local domestic abuse shelter and support organization.
Residents at Windigrove Apartments (Waynesboro, VA) donated 120 pounds of non-perishable food items to the Blue Ridge Area Food Bank.
The Vistas at Dreaming Creek (Lynchburg, VA) gave residents the opportunity to give back by donating to the Salvation Army Angel Tree program during the 2019 Holiday Season.
Lynchburg Humane Society received a variety of pet supplies compliments of the Vistas at Dreaming Creek (Lynchburg, VA)
Treesdale Apartments (Charlottesville, VA) helped residents get ready to head back to school with a school supply giveaway.
Residents from Treesdale Apartments (Charlottesville, VA) came together to donate non-perishable food items to the Blue Ridge Area Food Bank.
Park Properties employees from across the state of Virginia joined together to create 100 chemo care packages for the Emily Couric Cancer Center at UVA. 2019 was the 4th year the PPMC team has made this contribution during the Holiday Season.
Poplar Forest Apartments (Farmville, VA) hosted an onsite Breast Cancer Awareness event. Attendees were encouraged to donate to the Susan G. Komen Breast Cancer Foundation.
Pet supplies including food and cleaning necessities were gifted to the Southside SPCA on behalf of Poplar Forest Apartments (Farmville, VA)
The Salvation Army received a large donation of winter clothing thanks to residents at the Landings at Weyers Cave (Weyers Cave, VA)
Residents at the Landings at Weyers Cave (Weyers Cave, VA) participated in a food drive benefitting the Blue Ridge Area Food Bank.
The Lofts at Jubal Square (Winchester, VA) hosted the Winchester SPCA onsite for a pet adoption day, allowing residents to adopt pets at discounted rates.
Patients at the Valley Health Cancer Center received care packages compliments of the Lofts at Jubal Square (Winchester, VA)
Residents at the Lofts at Jubal Square (Winchester, VA) donated non-perishable food items to a local non-profit, CCAP. CCAP provides a number of services to the Winchester community, including a food pantry.
Non-perishable food items collected by the Highlands at Huckleberry Ridge (Blacksburg, VA) were donated to the United Way of the New River Valley.
‘Operation Santa Paws’ was a success thanks to the generosity of our residents at the Highlands at Huckleberry Ridge (Blacksburg, VA). Items collected were presented to the Montgomery County Animal Care and Adoption Center.
Fieldstone Apartments (Blacksburg, VA) collected donations for Toys for Tots during the 2019 Holiday Season.
Big Sky Apartments (Staunton, VA) served as a Toy Convoy drop-off during the 2019 Holiday Season.
Big Sky Apartments (Staunton, VA) hosted a School Supply Drive to benefit Staunton City Schools. 2019 was Big Sky’s 4th year giving back to their local school system.
Park Properties Management Company brought together employees from across the state of Virginia to participate in their annual Team Building Day which features a community service component. This year, to honor PPMC’s 30th Anniversary employees participated in a series of 80s themed activities all in an effort to fill Radio Flyer wagons with toys to donate to Toys for Tots of Charlottesville/Albemarle County. When everything was said and done, 20 wagons and their accompanying toys were donated towards the Toys for Tots holiday mission. #positivelypark
This past Friday, July 19 Big Sky Apartments (Staunton, VA) hosted their annual poolside luau. This year the Big Sky team took the entertainment to the next level by inviting residents to dunk their manager and maintenance supervisor for an excellent cause, Area 5 Special Olympics. The Community Manager Lisa Bryant, and Maintenance Supervisor James Ramsey, each took a turn in the hot seat raising $347. Special thank you to Central Virginia Rentals for generously donating the dunk tank, and to the awesome residents at Big Sky for taking the time to give back to the surrounding community. The Big Sky staff and the spirit of compassion they are able to continuously cultivate within their residents is what Park Properties is all about.
As part of our corporate wellness initiative, Park Properties is now offering employees a monthly Wellness Challenge in an effort to educate everyone on the importance of healthy choices. The Wellness Challenge also gives employees who complete the challenge the chance to win a “health-centric” perk by participating in the monthly initiative. We’d like to extend our sincerest congratulations to Vivian – our awesome Assistant Manager at Wilsondale Apartments in Hampton, VA – the first Wellness Challenge champ!! Her prize – a $100 gift card towards running shoes – will hopefully aid Vivian in her own health-positive journey. June’s Wellness Challenge is available NOW – so good luck to all of our participating employees!!
#positivelypark #wellnesschallenge #challengeaccepted