We have something big to announce today: We're expanding our footprint into the Virginia market by merging with Dodson Multi-Family and we couldn't be more proud! More details to come, but please read through the text of the news release below and can be downloaded here. And if you have any questions about what this news, please email firstname.lastname@example.org.
Dodson Multi-Family Merges With Atrium Management Company
RICHMOND, VA (June 30, 2022) — Dodson Multi-Family, a division of the Dodson Companies, is merging with the multi-family business of Atrium Management Company of Orlando, Fla. The partnership expands Atrium’s East Coast presence into the Virginia market.
- Atrium Management Company was founded in 1999 and manages over 2,500 units in the Southeast. In the Richmond and Virginia markets Dodson Multi-Family serves, the name and branding will change to Atrium. Financial terms are not being disclosed.
- Both Dodson and Atrium’s local teams in Virginia and Florida will remain in place and clients and tenants will experience a seamless transition as the two organizations merge operations. Owners and residents will maintain the same contacts they already know, and over time will experience improving processes and use of best-in-class property-management technologies.
- The deal comes at the same time as Dodson’s Single-Family, Portfolio Management, and Association Management divisions were merged with Evernest, a national real estate and property management company. That merger includes Dodson’s entire single-family portfolio of 2,450 units; 1,100 units within its Portfolio Management division of smaller multi-family buildings; and all Association Management operations, encompassing 170 associations and 15,000 units in Virginia and Sarasota, Fla.
With the merger, Atrium today manages over 4,000 multi-family apartments in Virginia and Florida.
Message from Duke Dodson, President of the Dodson Companies:
“Atrium has a large and respected presence in Central Florida, a dynamic culture that is much like our own, and experience with both property management and development, so it was a natural fit for us. I have known the owners of Atrium, Adam Wonus and Michael Krause, for almost a decade. There is a significant amount of mutual respect and trust that both organizations share. This is a merger that will allow our teams to scale, share resources, and create efficiencies to best serve our owners and tenants.”
Message from Mike Krause, Partner with Atrium Property Management:
“We are excited to merge with Dodson Multi-Family. Dodson is a leader in the Virginia market and this opportunity allows Atrium the chance to further expand our footprint along the East Coast. It’s unique to find another great company that shares similar core values, but we have found just that in Dodson. The Dodson Purpose — the relentless betterment of people, property, and community — is something we live everyday at Atrium. We are excited to take the best of what both companies bring to the table to better serve our team members, clients, and residents.”
ABOUT THE DODSON COMPANIES
Dodson was founded in 2007 as a property management and real estate company dedicated to the needs of investor owners and tenants. Today, Dodson operates a commercial property management and brokerage division, Dodson Commercial; a real estate development group, Dodson Development; and a short-term rental management division. Learn more at DodsonDev.com and DodsonCommercial.com.