Venture Realty Group

What Venture Realty Group does

Venture Realty Group is a privately held, full-service commercial real estate development firm headquartered in Virginia Beach, Virginia, operating exclusively in the Hampton Roads region of southeastern Virginia. The company was formed in 2016 through the merger of two predecessor entities — Commercial Real Estate Services (founded by Donna MacMillan-Whitaker) and Ellis-Gibson Development Group (originating in Doug Ellis's 1987 Ellis Development Company) — and operates with 11-50 employees across development, leasing, brokerage, property management, asset management, consulting, and tenant representation functions. Across the combined 40+ year history of its predecessor entities, the firm has developed 6 million square feet of projects valued at over $600 million, with leadership having arranged more than $750 million in debt and equity financing.

Venture Realty Group's product surface spans three primary categories: retail (regional power centers such as the 1 million sq ft Red Mill Commons anchored by Super Walmart, Target, and Home Depot; Marketplace at Hilltop; Oceana Crossing; The Center Shops in Norfolk), multifamily residential (The Crossings at Red Mill, 288-unit Venture Apartments in Tech Center, 283-unit Ellipse Apartments, and the recently divested 280-unit Allure at Edinburgh), and build-to-suit (the $30M+ Cost Plus World Market East Coast Distribution Center, the 130,000 sq ft Portsmouth Social Services facility delivered in 180 days, and the 212,000 sq ft Anthem Support Centers developed in joint venture with CBN affiliates). Active pipeline includes Atlantic Park, a mixed-use development centered on a surf park and live entertainment venue.

The business model operates through three distinct revenue mechanics: development fees and equity returns from ground-up projects, often via joint ventures with landowners or institutional partners; ongoing property and asset management fees across a 60+ project portfolio; and brokerage commissions on leasing and tenant representation. GTM is relationship-driven and sales-led, with anchor tenant relationships anchored by Walmart, Target, Home Depot, Total Wine & More, and Amerigroup, plus established public-private partnership channels with the Cities of Virginia Beach and Portsmouth. Distribution is direct via an in-house brokerage team led by a Director of Brokerage, Principal Broker, and Associate Broker; no third-party distribution channels are used. The firm has no proprietary technology platform and no AI/ML capability.

Name

Venture Realty Group

Legal name

Venture Realty Group

Website

https://venturerealtygroup.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Venture Realty Group is a Virginia Beach-based, full-service commercial real estate development firm operating in the Hampton Roads region, specializing in retail power centers, luxury multifamily communities, and build-to-suit projects for national retailers, institutional investors, and municipal clients.

Ownership category

akta.pro rank

Product category

Commercial Real Estate 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

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

akta.pro secondary industries

Multifamily Brokerage (BPAJABAD), Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)

Keywords

• Commercial real estate development
• Property management services
• Leasing and brokerage
• Build-to-suit development
• Asset management services

Headquarters

HQ city

Virginia Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Development fees and equity returns from developing retail, multifamily, office, industrial, and build-to-suit projects. The company has developed 6 million square feet of projects worth more than $600 million.
2. Property Management: Property management services for commercial properties including industrial, office, and retail space. The team handles tenant service requests, insurance certificates, purchasing, and customer relations.
3. Leasing and Brokerage: Leasing and brokerage services for shopping centers, single-tenant properties, and various commercial real estate assets. Services include tenant representation and landlord representation.
4. Asset Management: Asset management services including underwriting new developments and acquisitions, evaluating existing portfolio, investor engagement, and analysis of prospective developments and acquisitions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Venture Realty Group is a full-service commercial real estate development and management firm that develops, leases, brokers, manages, and underwrites retail, multi-family, office, industrial, and build-to-suit projects in the Hampton Roads / southeastern Virginia market. The company provides integrated services across the real estate lifecycle, including site acquisition, pre-development entitlement, development, leasing and brokerage (landlord and tenant representation), property management, asset management, and consulting. Its portfolio spans regional shopping centers, luxury apartment communities, single-tenant build-to-suit facilities, and public-private partnership municipal projects.

Product overview

Venture Realty Group is a full-service real estate development company offering retail, multi-family residential, and build-to-suit development services. The company develops regional shopping centers (Red Mill Commons, Marketplace at Hilltop, Oceana Crossing), luxury apartment communities (The Crossings at Red Mill, Venture Apartments in Tech Center, Ellipse Apartments), and single-tenant build-to-suit projects (industrial facilities, municipal buildings, distribution centers). Services include development, leasing, brokerage, property management, asset management, consulting, and tenant representation.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Real Estate Development

Quantifiable outcome

• 6 million square feet of projects developed
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, major and minor.

• Arlington PropertiescoreImplementation/ SI/ Consulting Partner · 30 April 2025Arlington Properties assumed property management responsibilities for Allure at Edinburgh following Venture Realty Group's sale of the property to Passco Companies. Arlington provides ongoing property management services for the 280-unit Class A multifamily community.
• Christian Broadcast Network (CBN) affiliatescoreStrategic or Co-development PartnerJoint venture partnership between Venture principals and CBN affiliates for development of Anthem Support Centers (formerly Amerigroup). The ownership structure features a joint venture partnership between Commercial Real Estate Services, Ellis-Gibson Development Group, and VTC/CBN. Project includes two 106,000 square foot office buildings totaling 212,000 square feet.
• City of Portsmouth, VAcoreStrategic or Co-development PartnerPublic-private partnership for development of 130,000 square foot Department of Social Services and Health facility, completed in 180 days. Also developed 474-space parking deck for the city in 2001.
• City of Virginia BeachcoreStrategic or Co-development PartnerInnovative partnership for 664-space public parking deck using leaseback structure pre-dating PPEA concept. Land owner retained fee ownership of ground floor while selling air-rights above for deck construction. Deck was sold to City in 2005.
• Davis FamilymajorStrategic or Co-development PartnerPartnership with Davis Family landowner for Marketplace at Hilltop development, transforming former mobile home park into 120,000 square foot specialty retail center at First Colonial and Laskin Roads intersection.
• Miller BuildingminorOthersGeneral contractor for Governor's Green Shopping Center development.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• CBRE Group: CBRE is the world's largest commercial real estate services firm offering brokerage, property management, development, and investment sales across all asset classes globally. Comparable to Venture as a broad incumbent offering overlapping services (brokerage, property management, asset management) with greater scale and geographic reach.
• Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm offering brokerage, valuation, property management, and consulting across all major asset classes. Comparable to Venture as a broad incumbent offering overlapping brokerage and property management services with significantly broader geographic and capital markets reach.
• Colliers International: Colliers is a global commercial real estate services and investment management firm providing brokerage, property management, valuation, and advisory services. Comparable to Venture as a broad incumbent with overlapping brokerage and asset management capabilities for retail, office, and multifamily assets.
• JLL (Jones Lang LaSalle): JLL is a global commercial real estate services firm providing investment management, brokerage, property management, and development advisory across all major asset classes and geographies. Comparable to Venture as a broad incumbent with overlapping capabilities in leasing, asset management, and development advisory.

Regional players

• Divaris Real Estate: Divaris Real Estate is a Virginia-headquartered commercial real estate brokerage and advisory firm operating across the Mid-Atlantic and Southeastern US. Comparable to Venture in retail and office leasing, tenant representation, and property management services, with similar regional full-service real estate model.
• Cushman & Wakefield | Thalhimer: Thalhimer (a Cushman & Wakefield affiliate) is a Richmond-based full-service commercial real estate firm serving Virginia and the Carolinas with brokerage, property management, and investment sales. Comparable to Venture in regional full-service offering, retail/multifamily/office focus, and Virginia-based operations.
• S.L. Nusbaum Realty Co. S.L. Nusbaum Realty Co. is a Norfolk-based full-service commercial real estate firm operating in the Hampton Roads / Southeastern Virginia region, providing brokerage, property management, development, and asset management services. Directly comparable to Venture Realty Group in geographic focus, full-service offering, and tenant mix (retail, office, multifamily, industrial).
• Harvey Lindsay Commercial Real Estate: Harvey Lindsay is a Norfolk/Hampton Roads-based commercial real estate firm providing brokerage, property management, and advisory services across Southeastern Virginia. Direct comparable to Venture in regional focus, tenant representation, and full-service capabilities.
• Glover & Associates / The Maury Company: Glover & Associates / The Maury Company is a Hampton Roads-based commercial real estate firm specializing in brokerage, development, and property management. Comparable to Venture in geographic focus and full-service offering across retail, office, and industrial assets.

Others

• Passco Companies: Passco Companies is a privately held real estate investment firm that acquires and manages institutional-quality commercial real estate. Comparable to Venture as a counterparty/buyer rather than direct competitor — Passco recently acquired Allure at Edinburgh (280-unit Class A multifamily) from Venture, illustrating a repeatable institutional buyer relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/VentureRealtyVB
• LinkedInlinkedin.com/company/venture-realty-group-vb

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 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 Venture Realty Group