Business Details
49 Years
experience
Trusted Property Management in Richmond, VA
Genesis Properties has been a leader in multifamily development and property management for nearly half a century. Our commitment to enhancing properties, boosting resident retention, and revitalizing underperforming facilities has solidified our reputation as a trusted partner for investors and tenants alike. With deep expertise in the Greater Richmond Area, we specialize in adaptive reuse, new construction, and tax-credit-driven projects, delivering both financial returns and community impact. Our vertically integrated structure allows us to control every phase of development and management, ensuring high standards of service and long-term value. Guided by core values of trust, excellence, and teamwork, we create spaces that foster connection and improve quality of life. Our proven track record includes over 3,500 apartment units developed, 2.9 million square feet of real estate transformed, and $430 million invested in local communities.We prioritize resident satisfaction through tailored management strategies, modern amenities, and proactive maintenance, achieving consistent occupancy rates above 95%. Our leadership team brings decades of experience in affordable housing, market-rate developments, and historic renovations, supported by a dedicated staff focused on operational efficiency. Recognized for innovation and community stewardship, we continue to drive positive change through strategic partnerships and sustainable practices.
Services
Property Management
Multifamily Development
Affordable Housing
Tax Credit Projects
Adaptive Reuse
Details
- Year established: 1977
Highlights and features
- 48 years of experience in multifamily real estate development and management.
- Deep expertise in affordable housing, tax credits, and historic renovations.
- Vertically integrated structure ensures quality control across all project phases.
- Proven success in boosting occupancy rates and net operating income (NOI).
- Commitment to community impact through sustainable and inclusive development.
What people say
Terrific job
High occupancy
Efficient operations
Proven track record
Dedicated team
Services
Property Management
Our property management services focus on maximizing asset performance through tailored strategies, resident retention programs, and proactive maintenance. We handle budgeting, financial reporting, and vendor coordination to ensure long-term profitability. With expertise in affordable and market-rate housing, we consistently achieve occupancy rates above 96% while enhancing community living standards.
Multifamily Development
We specialize in multifamily development, including new construction, acquisitions, and adaptive reuse projects. Our team manages every phase from planning to stabilization, leveraging local market knowledge to create value-driven communities. Recent projects include luxury apartments, mixed-use spaces, and historic renovations across Central Virginia.
Affordable Housing
Genesis Properties develops and manages affordable housing communities using tax credits and public-private partnerships. We ensure compliance with complex regulations while delivering high-quality, income-restricted units. Our portfolio includes over 2,000 affordable housing units, combining modern amenities with sustainable design principles.
Tax Credit Projects
We execute projects utilizing Low-Income Housing Tax Credits (LIHTC), Historic Tax Credits (HTC), and New Markets Tax Credits. These initiatives allow us to revitalize underserved areas while offering investors significant financial benefits, including tax basis step-ups and community impact metrics.
Adaptive Reuse
Our adaptive reuse expertise transforms underutilized buildings into modern residential and commercial spaces. Notable projects include converting a 1904 skyscraper and a tobacco warehouse into luxury apartments. We balance historic preservation with contemporary design to create unique, market-ready assets.
People
Ed Solarz
Chief Executive Officer
Ed Solarz focuses on acquisitions and development, leading new construction and adaptive reuse projects in Central Virginia. He actively participates in local real estate organizations and holds an MBA from the University of Richmond.
Laura Hopson
Chief Financial Officer
Laura Hopson oversees financial operations with expertise in real estate compliance, including tax credit programs. She holds an accounting degree from James Madison University and has served as CFO since 2014.
Melissa Meloni
Director of Property Management
Melissa Meloni leads property management operations with over 20 years of experience in multifamily housing. She holds a Certified Property Manager designation and specializes in operational efficiencies and team development.
Jessica Stevenson
Director of Development
Jessica Stevenson manages the development pipeline, guiding projects from pre-development to stabilization. She has expertise in market analysis, funding acquisition, and construction oversight for new and rehabilitated properties.
Brandon Scott
Regional Property Manager
Brandon Scott oversees a Richmond-area portfolio with experience in LIHTC and conventional housing. He holds multiple industry certifications and participates in Virginia housing associations.
Questions
What types of properties does Genesis Properties manage?
We manage a diverse portfolio including affordable housing, market-rate apartments, historic renovations, and mixed-use developments across Central Virginia.
How long has Genesis Properties been in business?
Genesis Properties has served the Richmond area since 1977, with over 48 years of experience in real estate development and management.
Do you specialize in any specific real estate sectors?
We focus on multifamily housing, including affordable housing, tax credit projects, and adaptive reuse of historic buildings.
Can investors partner with Genesis Properties?
Yes, we offer joint venture opportunities and an Opportunity Zone equity fund for investors seeking tax advantages and community impact.
What financing options are available for projects?
We utilize tax-exempt bonds, LIHTC, HTC, and Freddie Mac financing to support affordable and market-rate developments.
How does Genesis handle property maintenance?
Our maintenance team prioritizes preventative care, safety, and resident satisfaction, ensuring properties remain functional and attractive.
