Business Details
50+ Years
experience
Expert Home Builders in Virginia Beach
Established in 1946 as Robert F. Ripley Realtor, our company has grown into a full-service development firm with affiliates in construction, property management, mortgage banking, and telecommunications. Our team combines decades of industry experience with specialized expertise to deliver high-quality residential and commercial projects across Virginia. As one of the Commonwealth's leading multi-family housing developers, we focus on creating communities through market-rate and affordable housing solutions while maintaining a commitment to client satisfaction.Our integrated approach ensures seamless coordination from initial planning to project completion, supported by award-winning property management services and a track record of over 5,000 developed units. We maintain industry partnerships with major financial institutions and housing authorities to provide innovative financing solutions for diverse real estate needs.
Services
Development
Property Management
Construction Management
Mortgage Banking
Equity Placement
Details
- Year established: 1946
Highlights and features
- We've developed over 5,000 residential units since 1946
- Our team manages properties with award-winning maintenance programs
- We provide integrated construction and financing solutions
- Our Class-A General Contractor ensures quality project execution
- We specialize in both market-rate and affordable housing developments
Services
Development
Specializing in multi-family housing developments since 1946, we create both market-rate and affordable housing communities. Our projects range from 120-unit affordable complexes to 400+ unit mixed-use developments. With over 5,000 units constructed and 800 currently under development, we combine modern design with functional living spaces that meet diverse housing needs.
Property Management
Our dedicated management team oversees apartment communities with proven success in lease-up and renewal programs. We maintain properties to high standards through professional staff who ensure resident satisfaction. Services include maintenance, community operations, and implementing award-winning management practices that enhance property value and tenant experience.
Construction Management
As a Class-A General Contractor, we handle all aspects of construction from permitting to project completion. Our team ensures timely execution through expert scheduling, subcontractor negotiation, and budget tracking. We deliver quality residential and commercial buildings while maintaining strict timelines and cost controls for both new construction and renovation projects.
Mortgage Banking
Our affiliated mortgage bank arranges financing through major institutions and government programs including VHDA. We specialize in multi-family housing loans, tax credit programs, and bond financing. With established relationships across the financial sector, we secure competitive construction and permanent loans that support diverse real estate development projects.
Equity Placement
We connect developers with institutional investors and tax credit programs to fund residential projects. Our team facilitates equity partnerships through networks including Hunt, Sun America, and National Equity Fund. By matching projects with appropriate investment sources, we ensure financial viability while meeting regulatory requirements for affordable housing initiatives.
People
Robert F. Ripley
Founder
Established the company in 1946 as Robert F. Ripley Realtor, laying the foundation for the modern development firm. His vision created a legacy that evolved into a full-service real estate enterprise serving Virginia communities for nearly eight decades.
Questions
What types of properties does Ripley Heatwole Company develop?
We specialize in multi-family housing developments including luxury apartments, senior living communities, and affordable housing units. Our projects typically range from 120-unit affordable complexes to 400+ unit market-rate communities with commercial space.
Do you offer property management services?
Yes, we provide professional property management with award-winning maintenance programs. Our team handles lease-up, renewals, and daily operations for apartment communities across Virginia.
What financing options are available for your projects?
Our affiliate arranges multi-family loans through major banks and government programs including VHDA. We offer construction financing, tax credit partnerships, and bond financing solutions tailored to each development's needs.
Do you develop commercial properties?
Yes, we develop commercial spaces as part of mixed-use communities. Our portfolio includes over 200,000 square feet of commercial areas, with 40,000 square feet currently under development alongside residential units.
Is senior housing part of your offerings?
Yes, we develop 55+ apartment communities with transportation services and planned activities. These properties feature specialized amenities while maintaining the same quality standards as our other developments.
