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PRG Real Estate's success at the 2021 RAMMYs is indicative of its commitment to the Richmond, VA market
Wednesday, February 3, 2021
PRG Real Estate receives top prizes at the 2021 RAMMY Awards, expanding its footprint in the Richmond, VA market.
RICHMOND, Va., Jan. 26, 2021 /PRNewswire-PRWeb/ -- Philadelphia-based PRG Real Estate received several prestigious honors during the virtual 2021 RAMMY Awards presented by The Central Virginia Apartment Association. Amidst formidable competition this year, PRG Real Estate's Richmond team was awarded several top distinctions:
-- "Urban Community of the Year" -- The Locks/The Locks Tower
-- "Resident Satisfaction Award" -- Circ Apartments
-- "On-site Outstanding Performer of the Year" -- Savanna Gray
-- "Community Manager of the Year" -- Jamie Smith
-- "Corporate Employee of the Year" -- Matt Sugg
"We are extremely honored to be recognized as the 'best of the best' amongst a competitive landscape of other excellent management companies," said Kathleen Betz, PRG Real Estate's Chief Operating Officer.
PRG's success at the RAMMYs is indicative of its commitment to the Richmond market where it continues to expand its presence through a partnership with Richmond-based developer WVS Companies. The partnership plans on delivering an additional 500 units to the market in 2021. PRG currently owns and manages both value-add and new construction communities throughout the greater Richmond market, comprising more than 2,000 apartment units.
Deliveries in 2021 include an additional 127 units at East 51 at Rockett's Landing, a second 127-unit phase at Innslake Place in the Innsbrook development, and a 255-unit high rise in Manchester called South Falls Tower. Additionally, the success of PRG and WVS's East 51 project has paved the way for a second apartment project at Rockett's Landing, which broke ground in January and is expected to open in Spring 2022. The $45 million project will be the partnership's sixth development in Richmond - its ninth in Virginia - and will add 199 units to the PRG portfolio.
Media Contact
Sarah Wieman, PRG Real Estate, 2157441200, swieman@prgrealestate.com
SOURCE PRG Real Estate
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