Thalhimer Realty Partners

What Thalhimer Realty Partners does

Thalhimer Realty Partners is a privately held, Glen Allen, Virginia-based real estate investment, development, and management firm operating as an affiliated business line within the Cushman & Wakefield | Thalhimer platform. The company acquires, develops, repositions, and operates commercial and multifamily real estate across the Mid-Atlantic and Southeast United States, with stated portfolio assets valued at over $1 billion. Its product surface spans multifamily, mixed-use, retail, industrial/flex, and office product types concentrated in the Richmond, VA metropolitan area, with additional exposure in Virginia Beach-Norfolk, Raleigh-Durham-Chapel Hill, Charleston-Florence, Williamsburg, Harrisonburg, and Hopewell.

The firm delivers beginning-to-end solutions covering investment underwriting, acquisition, ground-up development, asset repositioning, property management (via the Thalhimer Property Management affiliate), and investment advisory services. Its operational backbone is the affiliated Cushman & Wakefield | Thalhimer network of over 160 commercial brokers and property managers, which supplies deal flow, leasing execution, and market intelligence. A lean senior team of approximately nine professionals — including Managing Principal Evan Magrill, four Principals, a Director of Development, a Development Manager, and an Asset Manager — leads each transaction, with recent senior additions such as Maritza Pechin (ex-U.S. DOT Build America Bureau) signaling a tilt toward infrastructure-finance-enabled development.

Revenue is generated through a mix of asset management and advisory fees on the managed portfolio, transaction fees on acquisitions and dispositions, development profits on ground-up projects, and recurring property management fees on owned and third-party assets. The go-to-market is relationship-based enterprise field sales targeting institutional investment partners (pension funds, family offices, institutional investors) for whom terms are negotiated on a deal-by-deal basis. The firm is privately held with no disclosed funding rounds, no public financial filings, and no published revenue figure.

Name

Thalhimer Realty Partners

Legal name

Thalhimer Realty Partners, Inc.

Website

https://thalhimerrealtypartners.com

Company type

Private

Founded year

1913

Operating status

Operating

Headcount range

11–50 employees

Short description

Thalhimer Realty Partners is a privately held Glen Allen, Virginia-based real estate investment, development, and management firm that acquires, develops, repositions, and operates multifamily, retail, industrial, and office assets on behalf of institutional investment partners across the Mid-Atlantic and Southeast, operating as an affiliated business line within the Cushman & Wakefield | Thalhimer platform.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment & Development

NAICS

Offices of Real Estate Agents and Brokers (53121), Real Estate Property Managers (53131), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)

akta.pro secondary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate investment
• Multifamily property development
• Real estate acquisitions
• Property management services
• Real estate advisory

Headquarters

HQ city

Glen Allen

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Asset Management and Advisory Fees: Ongoing fees for managing real estate assets and providing advisory services to investment partners
2. Property Development Revenue: Revenue from developing commercial, multifamily, retail, and industrial properties
3. Property Acquisition and Disposition: Transaction-based revenue from acquiring and selling real estate assets for investment partners
4. Property Management Services: Management and operational services for owned and managed real estate portfolio

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Thalhimer Realty Partners is a real estate investor, developer, manager, operator, and advisor with a portfolio of commercial and multifamily assets valued at over $1 billion. The firm acquires, develops, positions, and operates properties across multifamily, retail, industrial, and office product types in the Richmond, VA market and broader Virginia, North Carolina, and South Carolina regions. It delivers beginning-to-end real estate solutions for institutional investment partners, leveraging its affiliation with Cushman & Wakefield | Thalhimer's network of 160+ commercial brokers and property managers.

Product overview

Thalhimer Realty Partners operates as a unified real estate investment, development, and management platform. The core offerings consist of Development Projects (new construction of multifamily, mixed-use, retail, industrial, and office properties) and Acquisitions (portfolio expansion through purchase of existing commercial and multifamily assets). These are supported by Property Management services via the Thalhimer Property Management network and Real Estate Investment Advisory services. The company leverages the broader Thalhimer platform—including over 160 commercial brokers—to deliver integrated beginning-to-end real estate solutions for tenants and investors across Virginia, North Carolina, and South Carolina.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Projects New construction and ground-up development of commercial and multifamily real estate assets including multifamily properties, mixed-use developments, retail spaces, industrial facilities, and office buildings across the Richmond, VA market area for institutional investment partners.
• Acquisitions Acquisition and portfolio expansion of existing commercial and multifamily properties including office buildings, industrial flex facilities, retail centers, and multifamily apartment communities across Virginia, North Carolina, and South Carolina on behalf of investment partners.
• Property Management Property management services delivered through affiliation with Thalhimer Property Management, leveraging a network of over 160 commercial brokers and property managers for comprehensive leasing and operational management of owned and managed real estate.
• Real Estate Investment Advisory Investment advisory services focused on acquiring, positioning, and operating properties to maximize long-term cash flow and value for institutional investment partners, including sourcing, underwriting, and ongoing strategic guidance.

Quantifiable outcome

• $75.30 Million acquisition of Dabney Center portfolio
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Cushman & Wakefield | ThalhimercoreStrategic or Co-development PartnerThalhimer Realty Partners operates as a distinct business line within the broader Cushman & Wakefield | Thalhimer platform. This affiliation provides access to a network of over 160 commercial brokers and property managers, creating market awareness, leasing capability, and real-time market knowledge. The relationship enables Thalhimer Realty Partners to deliver beginning-to-end real estate solutions leveraging the broader platform's talent array and market presence.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• S.L. Nusbaum Realty Co. Norfolk, Virginia-based full-service real estate firm offering brokerage, property management, development, and investment services in the Mid-Atlantic. Highly comparable to Thalhimer Realty Partners in regional footprint, product mix (multifamily, retail, office, industrial), and integrated service model.
• Drucker + Falk: Newport News, Virginia-based commercial real estate firm providing brokerage, property management, development, and investment services across the Mid-Atlantic and Southeast. Closely aligned with Thalhimer Realty Partners in geography, product diversification, and integrated owner-operator business model.
• Divaris Real Estate: Virginia Beach-based commercial real estate services firm offering brokerage, leasing, and property management across the Mid-Atlantic and Southeast. Comparable to Thalhimer Realty Partners in regional concentration and full-service CRE offerings.

Broad incumbents

• Cushman & Wakefield: Global commercial real estate services firm that is the parent platform of Cushman & Wakefield | Thalhimer and the affiliation through which Thalhimer Realty Partners accesses 160+ brokers and property managers. Direct platform owner; broader in scale and geography.
• CBRE Group: World's largest commercial real estate services and investment firm, providing investment sales, leasing, valuation, and property management. Comparable as a broad incumbent operating across the same asset classes and target investor base.
• JLL: Global real estate services and investment management firm offering investment sales, leasing, property management, and capital markets advisory. Comparable as a broad incumbent with overlapping capabilities across Thalhimer Realty Partners' product types.
• Greystar Real Estate Partners: Largest U.S. apartment and student housing owner-operator and developer with national scale across multifamily investment, development, and management. Comparable in multifamily development and asset management focus that drives Thalhimer's award-winning NOVEL Scott's Addition.

Regional players

• Armada Hoffler Holdings: Virginia Beach-based publicly traded real estate investment trust specializing in office, retail, and multifamily in the Mid-Atlantic and Southeast. Comparable as a Virginia-anchored institutional real estate investor-operator with overlapping product mix and geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thalhimer Realty Partners