Robinson Sigma, Inc. and WPM Real Estate Management Launch New Multifamily Property Management Company, WPM MidSouth Multifamily
Company will provide service in the tristate region of Virginia, North Carolina and South Carolina
September 25, 2018 (Norfolk, Va.) – The owners of Norfolk-based Robinson Sigma, Inc. and Baltimore-based WPM Real Estate Management have partnered to launch WPM MidSouth Multifamily. This new joint venture will deliver a full suite of property management services for multifamily communities throughout the tristate region of Virginia, North Carolina and South Carolina.
WPM MidSouth builds on the best-in-class reputations its leaders have achieved in their respective marketplaces and sets a new standard for multifamily property management in the region. Robinson Sigma, Inc. is a privately held and locally owned, full-service commercial real estate firm, offering its services in Richmond, Hampton Roads, Charlottesville, and Fredericksburg. In 2000, the firm entered into an affiliate relationship with a global commercial real estate company and has since been operating in the commercial sector under that brand. This venture by the owners of Robinson Sigma will be independent of and not associated with the global company. Robinson Sigma’s interests in this venture are represented by Robinson Sigma Vice Chairman Tony Smith CPM®, who will serve as chairman of WPM MidSouth’s board of directors.
J. Todd Willett CPM® will serve on the board and as Executive Vice President of WPM MidSouth. Richmond-based William Bradley also joins the management team as Senior Vice President and Co-Director of Business Development.
WPM Real Estate Management is certified by the Institute of Real Estate Management (IREM) as an Accredited Management Organization (AMO®) and has achieved a reputation of excellence for its residential management by flawlessly delivering on the fundamentals of managing multifamily properties. WPM’s President of Multifamily Real Estate, Leonard Frenkil, Jr. CPM®, leads WPM in this partnership and will serve as President of WPM MidSouth. WPM chairman Mark Caplan will also serve on the board of directors. WPM President James Dahlgren, Jr. and WPM Director of Marketing Brent Gratton also join the WPM MidSouth management team.
“This partnership bucks the trend of national consolidation happening in the real estate market, instead offering a regional partnership comprised of individuals who grew up, went to school locally, and now choose to raise their families in these communities — home,” says WPM MidSouth President Leonard Frenkil, Jr., CPM®. “Our company offers owners and investors the efficiencies and resources of an experienced, large firm with the customized, agile and client-centered approach that only a local company can provide.”
“For nearly a half-century, investors have entrusted WPM MidSouth’s leadership with their real estate assets,” says WPM MidSouth chairman Tony Smith CPM®. “Our team of professionals brings extensive experience, both as property managers and as owners. We understand the owner’s perspective and are committed to add value to their investments through proactive and tireless oversight of all of their multifamily property management needs.”
About WPM MidSouth
WPM MidSouth delivers a full-suite of property management services for multifamily residential properties, including property management, leasing (including lease-up, repositioning and rebranding), construction management, owner’s representative, asset management, and acquisition due diligence. The new firm’s management team offers decades of experience and additional expertise in marketing, online reputation management, crisis management, business intelligence, accounting and consulting services.
A joint venture between Baltimore-based WPM Real Estate Management and the owners of Norfolk-based Robinson Sigma, Inc., WPM MidSouth extends the WPM reputation and its high standard for multifamily property management into the southeastern region of the United States. Built by an experienced team of dedicated leaders in the industry and trusted individuals in the region, WPM MidSouth creates value for clients through careful attention to detail, relentless commitment to improvement and a customer-centric approach to management.
WPM MidSouth serves clients throughout the tristate region of Virginia, North Carolina and South Carolina. The firm is focused on protecting and growing owner’s investments by creating communities that individuals are eager to call home. For more information about WPM MidSouth, visit the website at http://www.wpmmidsouth.com/.
About Robinson Sigma, Inc.
Robinson Sigma, Inc. is a privately-held, locally-owned, full-service commercial real estate firm serving clients on a local, regional and national basis. Founded in 1983 as Robinson & Wetmore, it is headquartered in Norfolk, with offices in Richmond, Charlottesville, and Fredericksburg. Initially, the firm focused primarily on real estate development and management and leasing of its own projects. In 1995, the firm merged with Sigma Commercial Realty to form Robinson Sigma Commercial Real Estate, Inc. During that time, the firm shifted to managing, leasing, and selling assets for third-party developers and owners.
In 2000, the firm entered into an affiliate relationship with a global commercial real estate firm and has been operating in the commercial sector under that brand since then. Independent of and not associated with the global company, the owners of Robinson Sigma are now investing in the multifamily real estate management sector by entering into this new venture with WPM MidSouth.
About WPM Real Estate Management, AMO®
WPM Real Estate Management is an Accredited Management Organization® (AMO®) providing property management for over 23,000 homes and 40,000 people in the Baltimore/Washington Metropolitan area. The company’s primary focus is residential: multifamily, condominium, senior housing, student housing, and homeowner association communities. In addition, it has an extensive managed portfolio of commercial, industrial, and retail properties. WPM has been recognized as one of Baltimore’s Top Workplaces by The Baltimore Sun, ranking among the top 5 large employers for several years running. The company employs approximately 500 associates across more than 150 properties. For more information, visit www.wpmllc.com.