Virginia Multifamily

Modern living, lasting value.

We acquire, reposition, and operate Class B multifamily communities across Virginia's highest-growth corridors.

Our Approach View Portfolio

$620M Assets Managed

4,800+ Units Acquired

18.3% Avg. Net IRR

2009 Founded

Who We Are

A single focus, executed with precision.

Old Dominion Capital Group is a private investment firm based in Arlington, Virginia, focused exclusively on Class B multifamily real estate. We believe that workforce housing in supply-constrained, job-rich Virginia markets represents one of the most compelling risk-adjusted opportunities in real estate today.

Unlike diversified funds, we do one thing. Our entire team, infrastructure, and capital base is organized around acquiring, improving, and operating apartment communities for the long term.

Acquire Below Replacement Cost

We target well-located properties at a discount to what it would cost to build new, creating an inherent margin of safety.

Invest in the Living Experience

Smart unit renovations and community upgrades that residents value—without pricing them out of their homes.

Operate Like Owners

In-house property management, data-driven operations, and a culture of responsiveness that drives occupancy and retention.

Investment Thesis

Why Virginia Multifamily

Federal & Defense Employment

Northern Virginia and Hampton Roads are anchored by the federal government, Department of Defense, and a growing ecosystem of government contractors. This creates unusually stable and recession-resistant employment demand.

Tech Corridor Expansion

Amazon HQ2, Microsoft, Google, and a wave of data center development have transformed Northern Virginia into the East Coast's premier tech hub, driving population growth and housing demand southward along I-95 and I-66.

Structural Supply Constraints

Zoning restrictions, rising construction costs, and lengthy entitlement processes in Virginia's core markets make new Class B construction economically unfeasible, protecting existing inventory from competitive supply.

Workforce Housing Demand

With median home prices exceeding $500K across most Virginia metros, renting remains the only viable option for a growing share of the workforce—teachers, healthcare workers, government employees, and service professionals.

University Pipeline

Virginia's network of universities—UVA, Virginia Tech, George Mason, VCU—produces a steady pipeline of young professionals who become renters in the state's urban and suburban markets.

Infrastructure Investment

Major transportation projects, including I-66 expansion, Silver Line Metro extension, and the Hampton Roads Bridge-Tunnel, are unlocking new submarkets and enhancing connectivity for existing communities.