Ownership & Management

Own and manage, preserve and protect

Richmond Property Group was founded to address the trend of lost chapter assets. The mission and vision of RPG is to provide housing resources, social, educational, and fraternal programming to and for chapters and house corporations of Alpha Tau Omega Fraternity, Inc.

OUR PLEDGE TO YOU

To protect & preserve the property with a long term focus

To provide residence to ATOs, so long as a chapter is present and able to financially support the facility

Should RPG ever desire to sell the asset, we will give you the first opportunity to purchase

PROTECTING REAL ESTATE ASSETS

Our core business. To own and manage, preserve and protect the real estate assets of ATO. RPG offers full scale professional property management at each of our portfolio properties. Our knowledge of the legal and financial complexities that are intrinsic to property ownership, especially on university & college campuses, allows us to consistently execute our objective.

To blend historic preservation with modern amenities is a challenge, but one that RPG has successfully navigated over the years. From design to material selection and budgeting to collections, student housing is in its own category of property management which needs to be handled by experienced and knowledgeable parties.

ACQUISITION PROCESS

Our acquisition process is very straightforward. As in any real estate transaction, RPG will need to learn about the history, financial and operating details of a prospective property. Our due diligence process is as follows;

Owners and RPG discuss property and owner’s desires /objectives
Owners complete and submit due diligence request form
RPG completes due diligence report
RPG board of directors review proposed transaction and vote on approval
If approved, RPG structures closing

The due diligence process can last a little as a few months or longer than a year depending on how easily financial and operating data is made available. In all acquisition processes consideration for the chapter members and the transition to new ownership is always at the forefront of our minds. Our goal is for a seamless transition with no negative impact on facility residents.

QUESTIONS, COMMENTS OR MORE INFORMATION

If you are interested in ​RPG Ownership & Management services or would just like more information on the acquisition process, please contact us today.

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