Company Claims Prestigious Recognition for The Second Year in a Row

Newport News, VA (December 12, 2017) — The Hampton Roads Apartment Council, a division of the Virginia Apartment Management Association (VAMA), honored Drucker + Falk for their hard work and accomplishments after evaluating their efforts against 23 communities and 458 total peers. The leading Multifamily and Commercial services company accepted seven Apartment Community Excellence (ACE) awards in three main categories.

In today’s highly competitive environment, attracting and maintaining shares from the many diverse choices available to consumers in today’s rental market is a significant challenge. That challenge is only amplified when dealing with a 47-year-old asset that has long established itself in the community without the variety of amenities that may attract a larger pool of residents and command higher rents.

Richmond, VA – Encompassing 45 designated historic districts, The Richmond Metro area has experienced a resurgence, being dubbed a “foodie town” and attracting new residents. This is due in part to the transformation that has taken place in the area’s multifamily housing options, bringing life back to historic districts through the redevelopment of dated and underused buildings into boutique apartment communities that revitalize neighborhoods and create a sense of place for residents.

Yorktown, VA - Courts of Yorkshire Downs apartment community has been a mainstay in Yorktown since 1987. Known for its many amenities, and its superior location, a recent investment will result in a modern transformation of this well-established community. The renovation will include updates to the one, two and three bedroom apartments as well as upgrades to the clubhouse and landscaping. The community will feature all new LED lighting and new energy efficient appliances.

Richmond, VA — The Central Virginia Apartment Association, a division of the Virginia Apartment Management Association, honored Drucker + Falk at its annual industry awards program, dubbed the “RAMMY’s,” at Central Virginia's largest multifamily event on January 26, 2018. The full service real estate and investment firm was recognized with four awards for its hard work and accomplishments in the multifamily sector, after being evaluated against a record-breaking 300 nominations.

Cary, NC – The lease-up of The Franklin at Crossroads, a $45 million luxury mid-rise apartment community developed by Dewitt Carolinas in late 2015, defies market odds. The 199 upscale apartment homes, 5668 square foot clubhouse and resort-style pool are located on 17 acres in Cary, NC.

Nottingham, MD – The Parkville/Carney/White Marsh submarket was one of only two of Baltimore’s submarkets to experience negative absorption – supply is greater than demand and vacancy decreases – in both 2016 and 2017, according to CBRE’s Q4 2017 Marketview for Baltimore Metro Multifamily. However, Drucker + Falk, a full service real estate and investment firm, took over management of Dunfield Townhomes in September 2017 during this time and before the close of the year – and since then – has bucked market trends in the area.

Newport News, VA — The Hampton Roads Apartment Council, a division of the Virginia Apartment Management Association (VAMA), acknowledged DF Multifamily with six Apartment Community Excellence (ACE) awards.  DF Multifamily is a division of Drucker + Falk and is one of the most trusted and largest multifamily property managers in Hampton Roads with over eight decades of service to the region.  Four DF Multifamily communities were recognized: Old Donation Apartments, Virginia Beach,

Chesapeake, Virginia - Summit Pointe Realty, LLC announced today that it has selected Drucker + Falk to manage the first phase of urban luxury apartments at Summit Pointe, a new mixed-use center development in Greenbrier. Drucker + Falk will provide multifamily development consultation and leasing and property management services for the planned apartments.