NORFOLK, VA - Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, announces the opening of its newest office in Norfolk, Virginia in the Hampton Roads submarket. Hampton Roads is best known by Norfolk and Virginia Beach, but also includes Newport News, Portsmouth, Williamsburg, Hampton, Chesapeake, and Suffolk.
The new office marks ARA’s 28th location and further enhances ARA’s national market coverage that spans from California to Massachusetts providing ARA’s clients with coast-to-coast market expertise.
Already an active player in the Hampton Roads submarket for over a decade, ARA’s Washington, DC, Richmond and Hampton Roads offices will work jointly and seamlessly to bring multifamily investment opportunities to their clients throughout the Mid-Atlantic region.
According to WDC Principal Mike Marshall, “Although ARA has sold over 50 properties in excess of $1 billion in the Hampton Roads submarket since 2004, having a physical presence there will allow our Mid-Atlantic team to be more integrated into the submarket and the local community. The economic fundamentals are strong, as the area has worked hard to cultivate and diversify its business bases to include healthcare, technology and government.”
Specializing in the Richmond and Hampton Roads submarkets, ARA Broker Wink Ewing will lead the charge for the new office operation together with ARA Principals Mike Marshall, Drew White, Ryan Ogden and Jeff Pritchard with support from the Mid-Atlantic marketing and analytics teams. Wink is a graduate of NYU’s Real Estate Institute and has over $500 million in multi-family transaction experience focused specifically in central Virginia. Drew White stated, “as our practice matures and we continue to service a high amount of volume in the market, Wink’s experienced presence in Hampton Roads will allow us to better service our clients with both regional and local expertise.”
Ewing added, “This market has been one of the top performing markets in the country over the past few years, and its vitality makes Hampton Roads a strategic location for ARA. Demand for multifamily product has not waned and it continues to be driven by the area’s many positive attributes such as its’ diversified employment base, robust transportation system, proximity to employment, and exciting and educational regional attractions such as the resort city of Virginia Beach and America’s Historic Triangle, which includes Williamsburg, Yorktown and Jamestown.
ARA Norfolk, Virginia Office:
999 Waterside Drive, Suite 2525
Norfolk, VA 23510
(757) 777-3818
To schedule an interview with an ARA executive regarding the new office or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Diane Chandler at dchandler@ARAusa.com or 703.575.2154.
About ARA
Atlanta-headquartered ARA is the largest privately held, full-service investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multihousing properties including conventional, affordable, distressed assets, notes sales, seniors, student & manufactured housing and multihousing land. ARA is comprised of the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions. ARA’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry. The combination of resources, unparalleled market expertise and nationwide presence in the multihousing marketplace has resulted in an annual production volume of $9.5 billion in real estate transactions in 2012. For detailed information on ARA’s extensive multihousing investment services, visit www.arausa.com