Cmg Leasing
CMG Leasing is a privately held Blacksburg, Virginia property management firm founded in 1983 that manages 173 residential rental units, commercial office space, and HOA services across the New River Valley, primarily serving Virginia Tech and Radford University students and their families.
- Company typePrivate
- Founded1983
- HeadquartersBlacksburg, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Cmg Leasing does
CMG Leasing Inc. is a privately held property management firm founded in 1983 and headquartered at 318 N Main St, Blacksburg, Virginia, serving the New River Valley region of Southwest Virginia. The company manages 173 rental units across 20-plus residential communities in Blacksburg, Christiansburg, Radford, and Riner, plus a portfolio of commercial office space and at least one HOA (Knollwood Condominium and Townhome Association). Its residential portfolio spans studios through five-bedroom units across multiple price points, from Scottish Hills studios at $305/month to four-bedroom units at The Chase at $3,274/month.
The company operates seven physical leasing offices strategically positioned around Virginia Tech and Radford University campuses, supplemented by a digital layer including the On-Site.com resident portal (rent payments, lease signing, maintenance requests), ProspectPortal online applications, and social channels (Instagram, Twitter/X, TikTok). Newer properties such as Vue Apartments and Cedar Pointe differentiate through smart apartment technology (smartphone-controlled thermostats and locks) and EarthCraft-certified sustainable construction. Strategic marketing partnerships include an exclusive arrangement with Virginia Tech Athletics featured on hokiesports.com.
CMG generates revenue primarily through recurring monthly residential and commercial rental income, with ancillary revenue from HOA management fees. The customer base is heavily weighted toward university students and their families, with secondary segments of local professionals, families, and business/commercial tenants. The company employs 51–100 people and is led by founder, president, and CEO Jeanne Stosser, with Laura Williams serving as Commercial Property Manager and HOA Manager. CMG has no disclosed external funding, parent company, or acquisition history and has operated continuously since 1983 as an independent, founder-owned enterprise.
Cmg Leasing firmographics
Firmographics- Name
- Cmg Leasing
- Legal name
- CMG Leasing Inc.
- Website
- https://cmgleasing.com
- Company type
- Private
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CMG Leasing is a privately held Blacksburg, Virginia property management firm founded in 1983 that manages 173 residential rental units, commercial office space, and HOA services across the New River Valley, primarily serving Virginia Tech and Radford University students and their families.
- Ownership category
- akta.pro rank
Where Cmg Leasing is headquartered
LocationHeadquarters
- HQ city
- Blacksburg
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
Cmg Leasing business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others
Revenue model
- Residential Rental Income: CMG Leasing generates revenue through monthly rental payments from tenants across their portfolio of apartments, townhomes, houses, condos, and lofts throughout the New River Valley
- Commercial Rental Income: Revenue from commercial office space rentals at multiple locations in Blacksburg and Christiansburg, including flexible lease spaces
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Vue Apartments - 1 Bedroom |
| Subscription | Monthly | Vue Apartments - 2 Bedroom |
| Subscription | Monthly | Vue Apartments - 3 Bedroom |
| Subscription | Monthly | Shawnee Apartments |
| Subscription | Monthly | The Edge Apartments & Townhomes |
| Subscription | Monthly | Chasewood Apartments |
| Subscription | Monthly | Radford Properties - Scottish Hills |
| Subscription | Monthly | Radford Properties - Scott's Run |
| Subscription | Monthly | Knollwood Properties |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Cmg Leasing product offering
Product offeringCore offering
CMG Leasing is a property management and leasing company that owns, manages, and leases residential rental properties (apartments, townhomes, houses, condos, and lofts) across the New River Valley in Virginia, alongside commercial office spaces in Blacksburg and Christiansburg. The company operates seven physical leasing offices, provides an online resident portal for rent payments and maintenance requests, and additionally manages the Knollwood Condominium and Townhome homeowners association.
Product overview
CMG Leasing is a property management company offering residential and commercial leasing services throughout the New River Valley, Virginia. The core offering includes rental apartments, townhouses, homes, condos, and lofts across 20+ residential properties near Virginia Tech and Radford University campuses, plus commercial office spaces in Blacksburg and Christiansburg. The residential portfolio includes branded communities such as Vue Apartments (smart tech, EarthCraft certified), Cedar Pointe Apartments (fully-furnished, smart tech), Chasewood Apartments (family-friendly with amenities), The Edge (all-inclusive student housing), Shawnee Apartments (pet-friendly), and properties managed through the Reserve at Knollwood, Downtown, and Radford leasing offices. All residents access online portals for rent payments, lease signing, and maintenance requests. The company also manages the Knollwood Condominium and Townhome HOA.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Property Leasing Rental apartments, townhouses, homes, condos, and lofts throughout the New River Valley near Virginia Tech and Radford University campuses, with 173+ properties across multiple communities. Targeted at students, professionals, and families.
- Commercial Office Leasing Flexible lease spaces for office buildings in prime Blacksburg and Christiansburg locations, including renovation services for customized office build-outs, parking, and utilities included. Targeted at local businesses and organizations.
- Vue Apartments EarthCraft certified pet-friendly community in Blacksburg with 1, 2, and 3 bedroom apartments featuring smart technology (smartphone-controlled thermostats and locks), gigabit fiber internet, EV charging, rooftop terrace, and fitness center.
- Cedar Pointe Apartments EarthCraft certified fully-furnished studio and 2 bedroom apartments in Blacksburg with smart technology, dog washing station, dog park, and study rooms.
- Chasewood Apartments Pet-friendly community near Virginia Tech in Blacksburg with studio, 1, 2, and 3 bedroom apartments featuring pool, fitness center, basketball and volleyball courts, and 24-hour maintenance.
- The Edge Apartments & Townhomes Fully-furnished 2, 3, and 4 bedroom apartments and townhomes in Blacksburg with all utilities included, featuring heated pool, gym, and clubhouse directly across from Virginia Tech campus. Individual per-person leases available.
- Shawnee Apartments Pet-friendly 1, 2, and 3 bedroom apartments in Blacksburg with swimming pool, fitness center, central laundry facility, and gas heat included in rent.
- Radford Properties (Davis-Wilson, Downey Place, Fairfax Street, Hillside, Radford Homes, Radford Townhomes, Scottish Hills, Scott's Run) Student housing near Radford University including 1, 2, 3, 4, and 5 bedroom apartments, townhomes, and houses with roommate matching services and individual leases. Located one block from Radford University campus.
- Reserve at Knollwood Properties (Reserve at Knollwood Apartments, Reserve at Knollwood Homes, Knollwood Townhomes, Knollwood Condos, Crossing at Knollwood, Orchards Townhomes) Apartments, townhomes, and houses near Virginia Tech Corporate Research Center featuring clubhouse with study areas, fitness center, and swimming pool.
- Downtown Blacksburg Properties (Green Street Station, Harrell Place Townhomes, Tech Terrace, Lofts at 316, Roanoke Street Duplex, Terpence Apartments, The Chase Apartments, Houston Street Apartments, Downtown Homes and Condos) Downtown Blacksburg rental properties managed through the Downtown Leasing Office, including townhomes, apartments, lofts, duplexes, and single-family homes and condos.
- Knollwood Condominium and Townhome HOA Management Homeowners association management for Knollwood Condominium and Knollwood Townhome communities with maintenance responsibility coordination, including cedarfield apartments & townhomes oversight.
Quantifiable outcome
- 173 rental properties managed across the region
- +1 more outcomes
Companies that use Cmg Leasing
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Cmg Leasing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature2 records
Cmg Leasing partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
Cmg Leasing competitors and assessment
Company assessmentDirect peers
- Lincoln Property Company: Large national multifamily property management and leasing firm. Comparable to CMG in core business of leasing apartments with on-site offices, online portals, and regional operating structures.
- Cardinal Group Management: Multifamily and student housing property management firm with regional portfolios. Comparable to CMG in providing third-party management, on-site leasing offices, and online resident portals for residential rental communities.
- Asset Living: One of the largest third-party multifamily property managers in the U.S. Comparable to CMG in delivering property-level leasing, maintenance, and resident services across a multi-office regional network.
- Campus Apartments: Student housing-focused developer and operator near major East Coast universities. Comparable to CMG in targeting university students with individual leases, roommate matching, and dedicated on-campus leasing offices.
- The Bozzuto Group: Mid-Atlantic-focused residential property management and development firm with a large multifamily portfolio. Comparable to CMG in operating a regional portfolio of leased residential properties with on-site leasing offices and similar service offerings.
- Drucker + Falk: Mid-Atlantic and Southeast multifamily property management company managing ~30,000+ units. Comparable to CMG as a regional, multi-office property manager with a similar long-tenured, privately-held operating profile.
- RKW Residential: Multifamily property management firm focused on the Southeast and Mid-Atlantic. Comparable to CMG in scale of managed units, geographic concentration in specific regions, and service-oriented rental management approach.
Regional players
- Thalhimer: Virginia-based commercial real estate services firm handling brokerage, property management, and multifamily leasing across the Commonwealth. Comparable to CMG as a Virginia-rooted real estate operator with overlapping geographic footprint and mixed residential/commercial management.
Broad incumbents
- Greystar Real Estate Partners: Global leader in student housing and multifamily investment, development, and management. Comparable as a broader incumbent that competes for student tenants in the same university markets CMG serves, though at much larger scale.
- American Campus Communities: Largest publicly-traded student housing REIT prior to its Blackstone take-private. Comparable as a broader incumbent in purpose-built student housing that competes for off-campus tenants near major universities including Virginia Tech peer markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Cmg Leasing social profiles
Digital presenceCmg Leasing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cmg Leasing leadership team
Management profileNumber of profiles
Profiles2 records
Cmg Leasing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cmg Leasing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cmg Leasing
What does Cmg Leasing do?
CMG Leasing is a property management and leasing company that owns, manages, and leases residential rental properties (apartments, townhomes, houses, condos, and lofts) across the New River Valley in Virginia, alongside commercial office spaces in Blacksburg and Christiansburg. The company operates seven physical leasing offices, provides an online resident portal for rent payments and maintenance requests, and additionally manages the Knollwood Condominium and Townhome homeowners association.
Is Cmg Leasing a public or private company?
Cmg Leasing is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cmg Leasing founded?
Cmg Leasing was founded in 1983. It employs 51 to 100 people.
Where is Cmg Leasing based?
Cmg Leasing is headquartered in Blacksburg, United States, in the North America region.
How does Cmg Leasing make money?
Two revenue lines are on record. Residential Rental Income is the primary driver. The others are commercial Rental Income.
Who are Cmg Leasing's main competitors?
Direct peers on record are Lincoln Property Company, Cardinal Group Management, Asset Living, Campus Apartments, The Bozzuto Group, Drucker + Falk and RKW Residential. Thalhimer is listed as a regional player. Broad incumbents are Greystar Real Estate Partners and American Campus Communities.
Does Cmg Leasing have an API?
No public API is recorded for Cmg Leasing.